$8,894 Closing Credit*
$749,000
Edwin Acevedo, Listing Office: Century 21 LOTUS
Is Santa Ana, 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, Santa Ana has remained a Seller's Market.
Key Takeaway
Santa Ana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Ana, CA
How much do homes in Santa Ana, CA cost?
Median Sold Price
$859,400
$602/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,931(+13.2%)
Key Takeaway
Homes in Santa Ana have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Santa Ana was $859,400 in October 2024, up 13.2% from last year, and the median price per square foot was $602.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $410K | +2.5% |
| 2 Bedrooms | $500K | $535K | +7.0% |
| 3 Bedrooms | $770K | $860K | +11.7% |
| 4 Bedrooms | $1.0M | $1.1M | +18.9% |
| 5+ Bedrooms | $1.8M | $1.7M | -1.9% |
Summary: Santa Ana housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Fountain Valley | $1.1M | $1.3M | +15.9% |
| Santa Ana | $759.4K | $859.4K | +13.2% |
| Tustin | $1.0M | $1.1M | +11.6% |
| Garden Grove | $829.7K | $924.4K | +11.4% |
| Anaheim-Santa Ana-Garden Grove | $865.5K | $957.7K | +10.6% |
Housing Supply in Santa Ana, CA
How many homes are available in Santa Ana, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 353 | 359 | +1.7% |
Summary: The Santa Ana real estate market had 359 homes for sale in October 2024, a 1.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 34 | -15.0% |
| 2 Bedrooms | 73 | 85 | +16.4% |
| 3 Bedrooms | 116 | 121 | +4.3% |
| 4 Bedrooms | 70 | 69 | -1.4% |
| 5+ Bedrooms | 54 | 50 | -7.4% |
Summary: The Santa Ana housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 90 | -1.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Ana, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 90 homes were sold or pending in Santa Ana in October 2024, down by 1.1% month-over-month. Of the 90 sold homes, 31% were sold under asking, 13% were sold at asking, and 56% were sold over asking.
Days on Market for Santa Ana, CA
How long does it take to sell a home in Santa Ana, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 24 Days | -11.3% |
Summary: Homes in Santa Ana had an average of 24 days on market in Oct 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Santa Ana are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 90 homes were sold in Santa Ana; 67% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 1% 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.