Is West Anaheim, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Anaheim is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Anaheim has remained a Seller's Market.

Key Takeaway

West Anaheim is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Anaheim, CA

How much do homes in West Anaheim, CA cost?

Median Sold Price

$878,908

$578/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$78,908(+9.9%)

Key Takeaway

Homes in West Anaheim have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in West Anaheim was $878,908 in November 2024, up 9.9% from last year, and the median price per square foot was $578.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $450K$494K
+9.8%
2 $600K$602.5K
0.4%
3 $805K$875.7K
+8.8%
4 $857K$941.5K
+9.9%
5+ $1.1M$1.1M
-2.2%

Summary: West Anaheim housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Neighborhoods

West Anaheim
+9.9%
North Anaheim
+8.9%
South Anaheim
+5.9%

Housing Supply in West Anaheim, CA

How many homes are available in West Anaheim, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10486-17.3%

Summary: The West Anaheim real estate market had 86 homes for sale in November 2024, a 17.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 5140
-21.6%
4 2821
-25.0%
5+ 119
-18.2%

Summary: The West Anaheim housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 21.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3726-29.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Anaheim, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in West Anaheim in November 2024, down by 29.7% month-over-month. Of the 26 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.

Days on Market for West Anaheim, CA

How long does it take to sell a home in West Anaheim, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days23 Days+64.3%

Summary: Homes in West Anaheim had an average of 23 days on market in Nov 2024, up by 64.3% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Anaheim are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in West Anaheim; 62% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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