$10,000 Closing Credit*
$2,442,500
3,227 SqFt
4 Beds
•3 Full Baths
Nancy DuShane-Bank, Listing Office: RE/MAX New Dimension
Is Tustin, 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, 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
$1,162,077
$668/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$120,610(+11.6%)
Key Takeaway
Homes in Tustin have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Tustin was $1,162,077 in October 2024, up 11.6% from last year, and the median price per square foot was $668.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $562.5K | +17.2% |
| 2 Bedrooms | $675K | $761K | +12.7% |
| 3 Bedrooms | $989K | $1.1M | +14.5% |
| 4 Bedrooms | $1.2M | $1.4M | +11.7% |
| 5+ Bedrooms | $1.8M | $2.2M | +19.6% |
Summary: Tustin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Irvine | $1.3M | $1.5M | +19.2% |
| Orange | $937.4K | $1.0M | +14.4% |
| Santa Ana | $759.4K | $859.4K | +13.2% |
| Tustin | $1.0M | $1.1M | +11.6% |
| Anaheim-Santa Ana-Garden Grove | $865.5K | $957.7K | +10.6% |
Housing Supply in Tustin, CA
How many homes are available in Tustin, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 132 | 125 | -5.3% |
Summary: The Tustin real estate market had 125 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 42 | 39 | -7.1% |
| 4 Bedrooms | 46 | 40 | -13.0% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Tustin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 45 | +2.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tustin, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Tustin in October 2024, up by 2.3% month-over-month. Of the 45 sold homes, 51% were sold under asking, 9% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 24 Days | +55.4% |
Summary: Homes in Tustin had an average of 24 days on market in Oct 2024, up by 55.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tustin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in Tustin; 71% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 2% 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.