Santa Ana Housing Market Report – May 2026
Here's a look at how the Santa Ana, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 92
- Median Sale Price: $892,500
- Average Sale Price: $884,878
- Average Price Per Sq Ft: $595
- Average Days on Market: 83
- Sale-to-List Price Ratio: 99.2%
Month-Over-Month Trends
Compared to April, the median sale price in Santa Ana moved 0.2% up (from $891,000 to $892,500). The number of homes sold was 16.4% down compared to the prior month (110 vs. 92). Average days on market shifted 13.7% up (73 days to 83 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 8.5% up (from $822,625 to $892,500). Sales volume is 8.0% down year-over-year.
What This Means
Santa Ana's housing market is showing signs of cooling as we head into summer. While the median price ticked up slightly to $892,500, the month-over-month jump in days on market—from 73 to 83 days—tells a more revealing story. Homes are sitting longer before finding buyers, suggesting that inventory and buyer demand are becoming more balanced after what appears to have been a tighter market earlier in the year. The year-over-year price appreciation of 8.5% is respectable but modest for Southern California, indicating that the red-hot appreciation we saw in previous cycles has definitely moderated.
What's particularly interesting is the current gap between asking and selling prices. The sale-to-list ratio of 99.2% means homes are selling very close to asking, which is healthy and suggests realistic pricing from sellers. However, with 407 active listings sitting at a median ask of $799,000 and averaging 81 days on market themselves, there's plenty of inventory available. This gives buyers more negotiating power than they've had in recent years. For sellers, the message is clear: homes need to be priced right and presented well to move in this environment. We're not in a buyer's market yet, but we're definitely moving away from the seller's advantage that dominated much of the pandemic-era boom.
Santa Ana Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92704 | 26 | $802,000 | $564 | 80 |
| 92707 | 24 | $792,500 | $599 | 109 |
| 92706 | 15 | $1,090,000 | $695 | 55 |
| 92703 | 11 | $820,000 | $488 | 61 |
| 92705 | 11 | $1,020,000 | $680 | 69 |
| 92701 | 5 | $500,000 | $499 | 132 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 55 | $1,000,000 | $665 |
| CONDOS | 18 | $428,450 | $550 |
| MULTI_FAMILY | 8 | $992,500 | $386 |
| MOBILE | 6 | $245,000 | $190 |
| CONDO | 3 | $485,000 | $534 |
| TOWNHOMES | 2 | $788,499 | $469 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 2 |
| $200K - $299K | 4 |
| $300K - $399K | 7 |
| $400K - $499K | 9 |
| $500K - $749K | 13 |
| $750K+ | 57 |
Current Active Listings
As of this report, there are 407 active listings in Santa Ana with a median asking price of $799,000 and an average of 81 days on market.
Thinking About Selling Your Santa Ana Home?
If you're a homeowner in Santa Ana 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 Santa Ana and throughout Orange County — get a no-obligation cash offer today.