$10,000 Closing Credit*
$1,098,000
1,724 SqFt
3 Beds
•2 Full Baths, 1 Partial
Liang Chen, Listing Office: Pinnacle Real Estate Group
Is Tustin, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Tustin has remained a Seller's Market.
Key Takeaway
Tustin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tustin, CA
How much do homes in Tustin, CA cost?
Median Sold Price
$1,169,583
$675/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$111,583(+10.5%)
Key Takeaway
Homes in Tustin have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Tustin was $1,169,583 in November 2024, up 10.5% from last year, and the median price per square foot was $675.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $562.5K | +18.4% |
| 2 Bedrooms | $680K | $761K | +11.9% |
| 3 Bedrooms | $1.0M | $1.1M | +12.7% |
| 4 Bedrooms | $1.2M | $1.4M | +15.7% |
| 5+ Bedrooms | $1.8M | $2.3M | +27.0% |
Summary: Tustin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| Irvine | $1.3M | $1.5M | +18.2% |
| Orange | $949.4K | $1.0M | +13.3% |
| Santa Ana | $775K | $873.4K | +12.7% |
| Tustin | $1.0M | $1.1M | +10.5% |
| Anaheim-Santa Ana-Garden Grove | $875K | $958.8K | +9.6% |
Housing Supply in Tustin, CA
How many homes are available in Tustin, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 92 | -25.2% |
Summary: The Tustin real estate market had 92 homes for sale in November 2024, a 25.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 25 | 19 | -24.0% |
| 3 Bedrooms | 40 | 27 | -32.5% |
| 4 Bedrooms | 38 | 27 | -28.9% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Tustin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 24%, 3 bedroom homes decreased by 32.5%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 26 | -43.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tustin, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Tustin in November 2024, down by 43.5% month-over-month. Of the 26 sold homes, 27% were sold under asking, 15% were sold at asking, and 58% were sold over asking.
Days on Market for Tustin, CA
How long does it take to sell a home in Tustin, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 16 Days | -6.6% |
Summary: Homes in Tustin had an average of 16 days on market in Nov 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tustin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Tustin; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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.