Garden Grove Housing Market Report – May 2026
Here's a look at how the Garden Grove, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 81
- Median Sale Price: $967,000
- Average Sale Price: $937,751
- Average Price Per Sq Ft: $656
- Average Days on Market: 61
- Sale-to-List Price Ratio: 101.8%
Month-Over-Month Trends
Compared to April, the median sale price in Garden Grove moved 7.9% down (from $1,050,000 to $967,000). The number of homes sold was 17.4% up compared to the prior month (69 vs. 81). Average days on market shifted 15.3% down (72 days to 61 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 0.8% down (from $975,000 to $967,000). Sales volume is 28.6% up year-over-year.
What This Means
Garden Grove's May market shows a classic late-spring pattern with accelerating activity and softening prices. The jump in sales volume to 81 homes likely reflects improved data collection rather than a genuine surge, but the significant uptick in active listings to 187 suggests inventory is genuinely building as we head into summer. This increased supply appears to be tempering seller expectations—the median price dipped nearly 8% month-over-month to $967,000, though it's essentially flat year-over-year, indicating prices have stabilized after earlier softness.
The real story here is buyer momentum. Homes are moving faster, with average days on market shrinking from 72 to 61 days, and properties are selling at 101.8% of list price despite the price decline. This suggests genuine buyer interest rather than a struggling market. The $656 per square foot metric remains accessible compared to many Orange County neighborhoods, making Garden Grove competitive for budget-conscious buyers in this extended interest rate environment.
With nearly 200 homes on the market and median asking prices sitting just 1% above actual sale prices, we're in relatively balanced territory. Single-family homes continue to dominate the mix, appealing to families seeking space. Buyers shopping now will find decent inventory and faster transaction timelines—a genuine advantage if you're motivated to move this spring.
Garden Grove Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92840 | 28 | $1,012,500 | $665 | 65 |
| 92841 | 18 | $875,000 | $615 | 61 |
| 92845 | 16 | $1,097,500 | $752 | 44 |
| 92843 | 10 | $795,500 | $580 | 76 |
| 92844 | 9 | $690,000 | $606 | 64 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 59 | $1,050,000 | $704 |
| TOWNHOMES | 8 | $685,000 | $564 |
| CONDOS | 6 | $487,400 | $552 |
| MULTI_FAMILY | 4 | $1,600,000 | $447 |
| CONDO | 2 | $542,500 | $485 |
| MOBILE | 2 | $252,000 | $198 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $300K - $399K | 2 |
| $400K - $499K | 6 |
| $500K - $749K | 15 |
| $750K+ | 57 |
Current Active Listings
As of this report, there are 187 active listings in Garden Grove with a median asking price of $975,000 and an average of 62 days on market.
Thinking About Selling Your Garden Grove Home?
If you're a homeowner in Garden Grove considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Garden Grove and throughout Orange County — get a no-obligation cash offer today.