Santa Ana, CA Housing Market Report

The Santa Ana real estate market is currently navigating a period of transition as it enters the final month of 2025. With a median home value of $838,929, the market has seen a modest year-over-year decline of 1.59%. However, recent monthly data suggests a recovery is underway; after hitting a low point in September 2025, prices have climbed steadily for three consecutive months. This rebound indicates that while the broader annual trend shows a slight cooling, local demand remains resilient within the Los Angeles-Long Beach-Anaheim metro area.

Inventory levels have seen a significant surge, with active listings up 11.53% compared to last year, reaching 18,566 units. This increase in supply, coupled with homes spending an average of 65 days on the market—12 days longer than a year ago—suggests a shift toward a more balanced market. Buyers now have more leverage and selection than they did in previous years, though the sale-to-list ratio remains at a perfect 1.0, indicating that sellers are still achieving their asking prices despite the slower pace of transactions.

The rental market continues to show strength, with median rents rising 3.84% year-over-year to $2,752. This divergence between softening home values and rising rents may encourage more long-term investors to look at the area, while also pushing some renters toward homeownership as the cost of leasing increases. For sellers, the current environment requires patience and realistic pricing, as the days of immediate bidding wars have largely been replaced by a more deliberate negotiation process.

Looking ahead, the Santa Ana market appears to be stabilizing. The consistent price growth observed since October suggests that the market may have found its floor. Prospective buyers should take advantage of the increased inventory and longer days on market to conduct thorough inspections and negotiate favorable terms. Sellers, meanwhile, should focus on property presentation and competitive pricing to stand out in an increasingly crowded field of active listings.