Is Santa Ana, 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, 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
$830,269
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Santa Ana have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Santa Ana was $830,269 in May 2024, up 14.4% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $392.5K | $409K | +4.2% |
| 2 Bedrooms | $498K | $532.3K | +6.9% |
| 3 Bedrooms | $750K | $830K | +10.7% |
| 4 Bedrooms | $887K | $1.0M | +22.9% |
| 5+ Bedrooms | $1.4M | $1.7M | +17.3% |
Summary: Santa Ana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Santa Ana | $725.5K | $830.2K | +14.4% |
| Fountain Valley | $1.0M | $1.2M | +13.9% |
| Garden Grove | $805K | $887.7K | +10.3% |
| Anaheim-Santa Ana-Garden Grove | $849.9K | $929K | +9.3% |
| Tustin | $971.8K | $1.0M | +8.0% |
Housing Supply in Santa Ana, CA
How many homes are available in Santa Ana, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 345 | 335 | -2.9% |
Summary: The Santa Ana real estate market had 335 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 35 | +6.1% |
| 2 Bedrooms | 73 | 71 | -2.7% |
| 3 Bedrooms | 109 | 114 | +4.6% |
| 4 Bedrooms | 77 | 73 | -5.2% |
| 5+ Bedrooms | 53 | 42 | -20.8% |
Summary: The Santa Ana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 20.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 112 | 105 | -6.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Ana, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 105 homes were sold or pending in Santa Ana in May 2024, down by 6.3% month-over-month. Of the 105 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 17 Days | -42.5% |
Summary: Homes in Santa Ana had an average of 17 days on market in May 2024, down by 42.5% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Ana are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 105 homes were sold in Santa Ana; 82% of homes were sold within 30 days, 15% 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.