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West OC Times

Sunday, December 22, 2024

Orange County home prices rose in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Orange County rose by $50,000 while total sales decreased by 38.7%.

From July through December of 2022, there were 8,150 homes sold, with a median sale price of $1,100,000 - a 4.8% increase over the $1,050,000 median sale price for the same period of the previous year. There were 13,298 homes sold in Orange County in the second half of 2021.

The median sales tax in Orange County for the most recent year with available data, 2021, was $5,978 approximately 0.5% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Orange County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$1050000$1050000$1190000$1190000$1100000$1100000

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