92706 Housing Market Report January 2025•Orange County, California

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Housing Prices in 92706, CA

How much do homes in 92706, CA cost?

Housing Market Conditions

Is 92706, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

92706 is a Seller's Market

Difference Since January 2024

Since last year, 92706 has remained a Seller's Market.

Insight

92706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,010,500$640/SqFt
+$35,500
+3.6%

Based on all homes sold in the last 12 months

Insight

Homes in 92706 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 92706 was $1,010,500 in January 2025, up 3.6% from last year, and the median price per square foot was $640.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
92706
+3.6%
92701
-12.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$361.5K$590K
+63.2%
2$550.7K$820K
+48.9%
3$950K$1.0M
+5.4%
4$1.2M$1.3M
+2.7%
5$1.6M$1.4M
-14.2%

Summary: 92706 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +63.2%. The home price for 2 bedroom homes increased by +48.9%. The home price for 3 bedroom homes increased by +5.4%. The home price for 4 bedroom homes increased by +2.7%. The home price for 5 bedroom homes decreased by -14.2%.

Housing supply in 92706, CA

How many homes are available in 92706, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
23Last MonthJan 2025
242 months agoDec 2024
-4.2 %
Change MoMDec – Jan

Summary: The 92706 real estate market had 23 homes for sale in Jan 2025, a 4.2 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthJan 2025
92 months agoDec 2024
-22.2 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
253
-40.0%
31111
0.0%
478
+14.3%
511
0.0%

Summary: 92706 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -40.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 92706, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in 92706, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 92706 in January 2025, down by 22.2% month-over-month. Of the 7 sold homes, 0% were sold under asking, 14% were sold at asking, and and 86% were sold over asking.

Days on Market for 92706, CA

How long does it take to sell a home in 92706, CA?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in 92706 are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 7 homes were sold in 92706; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
15 DaysThis YearJan 2025
34 Days1 year agoJan 2024
-56.5 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 92706 had an average listing age of 15 days in Jan 2025, down by 56.5% compared to the previous year.

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Newest Listings in 92706, CA

What homes are available in 92706, CA?

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MLS Disclaimers and Copyright

Based on information from California Regional MLS, for the period 02/01/2023 - 02/01/2025

IDX 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.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/13/2025, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.