Orange County’s luxury real estate market continues to thrive, with average sales prices reaching $26M in 2024, down slightly from $27M in 2023. Sale prices in Orange County are 21% higher than the Southern California average.
Highlights
Average sales prices remain robust at $26M, outperforming the region
DOM falls to 242, signaling a faster-moving market
Faster sellers achieve 87% of the listing price, far exceeding slower sales
A strong market with faster sellers
Orange County is among the first in class among our Southern California markets. With Days On Market (DOM) dropping to 242 in 2024, well below the 10-year average of 411 days.
What’s more? Sellers who act quickly are seeing strong results, with properties sold within 180 days achieving 87% of their listing price, compared to just 63% for slower sales. These are some of the best examples of faster selling paying off in higher sales prices. This metric also signals Orange County sellers may not want to stay on the market too long before making the sale.
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