$10,000 Closing Credit*
$1,280,000
1,738 SqFt
3 Beds
•2 Full Baths
Seema Arora, Listing Office: Realty One Group West
Is Orange County Great Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Orange County Great Park has remained a Seller's Market.
Key Takeaway
Orange County Great Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange County Great Park, CA
How much do homes in Orange County Great Park, CA cost?
Median Sold Price
$1,734,000
$763/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$234,000(+15.6%)
Key Takeaway
Homes in Orange County Great Park have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Orange County Great Park was $1,734,000 in October 2024, up 15.6% from last year, and the median price per square foot was $763.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $797.5K | $821K | +2.9% |
| 2 Bedrooms | $930K | $1.0M | +14.0% |
| 3 Bedrooms | $1.2M | $1.5M | +24.9% |
| 4 Bedrooms | $1.8M | $1.9M | +6.5% |
| 5+ Bedrooms | $3.2M | $4.1M | +28.9% |
Summary: Orange County Great Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 24.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Cypress Village | $1.3M | $1.6M | +18.4% |
| Orange County Great Park | $1.5M | $1.7M | +15.6% |
Housing Supply in Orange County Great Park, CA
How many homes are available in Orange County Great Park, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 123 | +16.0% |
Summary: The Orange County Great Park real estate market had 123 homes for sale in October 2024, a 16.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 35 | 44 | +25.7% |
| 4 Bedrooms | 49 | 53 | +8.2% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Orange County Great Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 24 | +71.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County Great Park, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Orange County Great Park in October 2024, up by 71.4% month-over-month. Of the 24 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Orange County Great Park, CA
How long does it take to sell a home in Orange County Great Park, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 43 Days | +87.0% |
Summary: Homes in Orange County Great Park had an average of 43 days on market in Oct 2024, up by 87% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County Great Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Orange County Great Park; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.