Is Fountain Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fountain Valley has remained a Seller's Market.
Key Takeaway
Fountain Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fountain Valley, CA
How much do homes in Fountain Valley, CA cost?
Median Sold Price
$1,238,916
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fountain Valley have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Fountain Valley was $1,238,916 in May 2024, up 13.9% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $460K | +7.0% |
| 2 Bedrooms | $578K | $585K | +1.2% |
| 3 Bedrooms | $875K | $938K | +7.2% |
| 4 Bedrooms | $1.2M | $1.3M | +12.6% |
| 5+ Bedrooms | $1.2M | $1.4M | +14.3% |
Summary: Fountain Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Santa Ana | $725.5K | $830.2K | +14.4% |
| Westminster | $896K | $1.0M | +14.1% |
| Fountain Valley | $1.0M | $1.2M | +13.9% |
| North Coast | $1.0M | $1.1M | +10.6% |
| Huntington Beach | $1.1M | $1.2M | +8.5% |
Housing Supply in Fountain Valley, CA
How many homes are available in Fountain Valley, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 83 | -2.4% |
Summary: The Fountain Valley real estate market had 83 homes for sale in May 2024, a 2.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 41 | 38 | -7.3% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Fountain Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fountain Valley, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Fountain Valley in May 2024, down by 3.0% month-over-month. Of the 32 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Fountain Valley, CA
How long does it take to sell a home in Fountain Valley, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 17 Days | -32.0% |
Summary: Homes in Fountain Valley had an average of 17 days on market in May 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fountain Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Fountain Valley; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% 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.