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ORANGE COUNTY'S HOUSING LISTINGS DEMANDED HIGHER PRICES IN MARCH – DISCOVER THE LATEST MEDIAN PRICE HERE

Tuesday, June 11, 2024   /   by Bob Cowan

ORANGE COUNTY'S HOUSING LISTINGS DEMANDED HIGHER PRICES IN MARCH – DISCOVER THE LATEST MEDIAN PRICE HERE


Orange County home listings

According to an analysis of Realtor.com data, the median listing price for homes in Orange County was $499,999 in March, marking a slight 0.2% increase from the previous month's $499,000. Compared to March 2023, this represents a notable 5.3% uptick from $475,000.



It's important to note that these statistics solely reflect the listing prices of homes in Orange County and do not include data on homes that have been sold. For comprehensive information on your local housing market and other relevant community data, you can visit www.homesinthesocalarea.com.



The median size of homes listed in Orange County was 2,005 square feet, with an average listing price of $253 per square foot. This reflects a 6.3% increase in the price per square foot of homes for sale compared to March 2023.


Listings in Orange County were swift, with a median of 49 days on the market, slightly below the national median of 50 days in March. This marks a significant improvement from the previous month's median of 64 days. Approximately 320 new homes were listed in March, showing a 10.1% decline from the 356 new listings in March 2023.
It's important to recognize that the median home prices reported by Realtor.com might not encompass the entirety of a market's homes. These figures typically pertain to single-family homes, condominiums, or townhomes, excluding most new constructions as well as pending and contingent sales.

In the New York-Newark-Jersey City metropolitan area, the median home prices climbed to $759,900, showing a modest increase compared to the previous month. These homes typically boasted 1,502 square feet, listed at an average of $555 per square foot.
Meanwhile, in New York City specifically, median home prices reached $685,000, experiencing a slight uptick from February. The median size of homes listed for sale in New York was 1,587 square feet, with an average price per square foot of $420.
Across the United States, the typical cost of a home stood at $424,900, showing a slight uptick from the previous month. On average, homes listed for sale measured 1,826 square feet, priced at approximately $228 per square foot. The median home list price utilized in this analysis denotes the middle point of all properties listed during the specified timeframe. According to experts, this median figure offers a more precise depiction of market trends compared to the average list price, which could be influenced by outliers—exceptionally high or low prices.
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  bob cowan, your home sold guaranteed, platinum living realty, california, orange county, june 2024

Platinum Living Realty
Bob Cowan
120 Newport Center Drive
Newport Beach, CA 92661
949-441-9918
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Based on information from California Regional Multiple Listing Service, Inc. as of July 15, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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