Justin Tye

Garden Grove, CA

Single-Family Homes

Active Realty I REAL



Garden Grove, CA

Mon Dec 02 2024
This week the median list price for Garden Grove, CA is $1,150,000 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has increased to 55. Click here to stay informed with the Garden Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Garden Grove, CA

Mon Dec 02 2024
This week the median list price for Garden Grove, CA is $1,150,000 with the market action index hovering around 59. This is less than last month's market action index of 60. Inventory has increased to 55. Click here to stay informed with the Garden Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Garden Grove market.
Median List Price $1,150,000
Median Price of New Listings $1,098,000
Per Square Foot $647
Average Days on Market 57
Median Days on Market 28
Price Decreased 16%
Price Increased 4%
Relisted 9%
Inventory 55
Median Rent
Market Action 59
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,495,000 2,513 6,500 - 8,000 sqft 5 3 2 4 2 42
$1,249,000 1,912 6,500 - 8,000 sqft 4 2.3 65 3 0 14
$1,029,999 1,512 6,500 - 8,000 sqft 3 2 69 5 1 52
$849,999 1,431 4,500 - 6,500 sqft 3 2.3 67 5 0 14