Watch the video below to learn more about the history of Orange County Home Prices:
Orange County Median Home Prices
- Orange County home prices increased at an extremely fast rate! The median home price in Orange County increased by 17.6% in 2021 to $935,000. I’m excited to let you know that we just published our Orange County median home price chart that tracks home values since 1970. You can see that owning real estate in Orange County has been a great long-term investment over the years. I’m Tim Hamilton with StellarQuest Real Estate. If you want a copy of this chart just let me know and I would be happy to send one to you. You can also view a lot of other great real estate related charts on our website that we update frequently. Just visit StellarQuest.com and click the market update tab in the top menu.
- Interesting points:
- 17.6% median price increase in 2021.
- There were 17.5% fewer home sales in 2021.
- The median price of a single family residence increased by about 24.8% in 2021.
- The median price of condos/townhomes increased by about 19.8% in 2021.
- Largest single year price increase on a percentage basis since 2013. Believe it or not, there have been 6 years where we had home price growth greater than 17.6% since 1970. 3 of those years were in the mid to late 70’s when we had a period of high inflation.
- There were only 10 years out of the last 52 where home prices declined on a yearly basis.
- If you have any questions about any of this information please feel free to call or email me anytime. My personal contact information is in the description below. If you are planning on buying or selling a home, we offer free consultations to help you get started. If you are outside of my area of expertise, I would be happy to refer you to an experienced agent in your area.
Data and information was obtained from the California Association of Realtors, CoreLogic (DataQuick), Orange County Register, California Regional Multiple Listing Service, and Infosparks.
Below are a few interesting charts related to housing market values:
Stocks vs. Home Values: https://www.longtermtrends.net/stocks-to-real-estate-ratio/
Home Values vs. Median Income: https://www.longtermtrends.net/home-price-median-annual-income-ratio/
Home Values vs. Inflation https://www.longtermtrends.net/home-price-vs-inflation/
Get More Real Estate News: https://stellarquest.com/category/news/
StellarQuest Real Estate – Lic #02077900
www.StellarQuest.com Video
By: Tim Hamilton
Broker Associate
Lic# 01959966
(714) 486-4086
timsellsca@gmail.com