The Ultimate Guide to Orange County Home Prices

The Ultimate Guide to Orange County Home Prices

Home buyers and sellers in today’s housing market are mostly aware of the United States real estate boom sweeping the country since the advent of the COVID-19 pandemic. Yet it’s important to understand not just the national picture, but also the specific price trends of their target city and neighborhood. 

A home is often your biggest investment. In California, Orange County home prices can require a hefty down payment—but your home’s value will likely grow even higher over time. 

Below, we’ve gathered average Orange County home values by city and neighborhood to help you understand the impact of buying or selling that investment today. 

Orange County Home Prices by City

Like most of California—and the United States as a whole—Orange County has seen a significant jump in demand, resulting in growing property values. But the median price of a single family home in Orange County will vary based on the specific location. 

If you’re looking for your dream home in one of the best neighborhoods in Orange County, you need to do a little homework on which cities to visit. And if you’re ready to make a move, it’s an ideal time to sell an OC home. 

Next, we’ll review median home price Orange County-wide

Newport Coast

Property in Newport Coast is a bounty for a seller today, with the highest average listing price of any city in Orange County. 

The current median price for a home listing is as follows:1 

  • Home price: $3,094,066
  • Price per square foot: $1,719

This price represents a +4.831% increase from 2020, and values are only expected to grow: 

  • One-year price prediction: +3.18%
  • 10-year price prediction: +27.292% 

Newport Beach

With one of the highest average listing prices and very limited properties for sale (as of December 2021), Newport Beach is a challenge for buyers determined to land in this beautiful California beach location. 

List prices range from $450,000 to $31,000,000. However, they clock in at several million dollars on average:

  • Average home list price: $2,231,9482
  • Price per square foot: $1,240

Similar to the Newport Coast, there was a +4.34% change in median home value. The

predicted growth in value is as follows: 

  • One-year price prediction: +3.33%
  • 10-year price prediction: +29.21% 
Modern home in Orange County

Laguna Beach

There is a massive range of pricing in Laguna Beach. Combined with more days on the housing market in Orange County, California than average, this should put Laguna Beach on every prospective Orange County buyer’s viewing list. 

Current housing prices are as follows:3 

  • Average home list price: $2,096,059
  • Price per square foot: $1,164
  • List prices range from $33,000 to $46,500,000

Home values have been rising, and are expected to rise further still:

  • Change in median home value over the past year: +4.3%
  • One-year price prediction: +3.88%
  • 10-year price prediction: +34.5% 

Dana Point

With a mix of families, young professionals, and retirees, this suburb of Irvine offers highly rated public schools and neighbors with a more conservative political leaning.

The current average listing price is more affordable than some of the California beach neighborhoods we’ve covered thus far: 

  • Home price: $1,068,3704
  • Price per square foot: $594

And while the market is not quite as hot as other parts of the OC, there’s strong past and predicted growth: 

  • Change in median home value over the past year: +2.75%
  • One-year price prediction: +2.65%
  • 10-year price prediction: +23.39%
Ferris wheel surrounded by palm trees, Irvine, Orange County

Irvine

Ranked the second healthiest city in the U.S. and fifth in best public schools, Niche gives Irvine an A+ rating. If you’re looking for a superlative city, you’ve found it.One-year price prediction: +3.33%
10-year price prediction: +29.21% Ranked the second healthiest city in the U.S. and fifth in best public schools, Niche gives Irvine an A+ rating.5 If you’re looking for a superlative city, you’ve found it.

There’s a home for buyers at many price points, with list prices ranging from $249,500 to $49,950,000. 6However, the average price approaches the million dollar mark:

  • Average home list price: $935,232
  • Price per square foot: $520

Prices rose +2.5% in 2021, and are predicted to rise further:

  • One-year price prediction: +2.74%
  • 10-year price prediction: +24.64%

Huntington Beach

Just like Laguna Beach, the range of lowest to highest list prices in Huntington Beach is quite wide—you’ll see property from $41,000 to $8,995,000. However, these homes spend less time on the market. 

  • Average home list price: $912,5717
  • Price per square foot: $507 

The price growth trajectory is as follows:

  • Change in median home value over the past year: +2.4% 
  • One-year price prediction: +2.73%
  • 10-year price prediction: +24.74% 

Orange

If you’re looking for an all-American suburban family home, Orange is a city to check out, with neighbors who are primarily homeowners with moderate political views. 

The current average listing price is:8

  • Home price: $757,369
  • Price per square foot: $421

Median prices have risen +2.36% (as of December 2021), and experts expect further growth:

  • One-year price prediction: +2.78% 
  • 10-year price prediction: +25.21% 

Laguna Woods

In the market for a bargain? Laguna Woods is one of the top choices, with the lowest average list price in Orange County:

  • Home price: $402,4219
  • Price per square foot: $224 

As with all of the others areas we’ve surveyed, growth is on the horizon: 

  • Change in median home value over the past year: +2.95%
  • One-year price prediction: +2.9% 
  • 10-year price prediction: +26.994% 

A Simpler Way to Sell Your Orange County Property

Though we’re in a sellers’ market, with a high average home price in Orange County, the process of selling your house can still take a lot of time and effort—not to mention the cost. 

From repainting and repairs to upping curb appeal and home staging, you’ll be putting in work to earn that sale. Plus, with a standard transaction, sellers pay 6% to 9% in agent fees and closing costs.10Not to mention the Orange County real estate taxes that are simply an inevitable part of being a homeowner in this location.

If you’re ready to sell today and skip the wait and hassle, you’re in luck because we buy houses in Orange County. From pristine properties to hoarders’ nests, our team at FlipSplit has the resources and know-how to buy directly from you, then renovate and stage a buyer’s dream home to earn top dollar. Best of all, we split the profits with you!

Visit FlipSplit to find out more and get started on an offer for your property today.

Sources: 

  1. Wallet Investor. Newport Coast Real Estate Forecast, Newport Coast Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/newport-coast-housing-market
  2. Wallet Investor. Newport Beach Real Estate Forecast, Newport Beach Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/newport-beach-housing-market
  3. Wallet Investor. Laguna Beach Real Estate Forecast, Laguna Beach Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/laguna-beach-housing-market
  4. Wallet Investor. Dana Point Real Estate Forecast, Dana Point Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/dana-point-housing-market
  5. Niche. Irvine. https://www.niche.com/places-to-live/irvine-orange-ca/
  6. Wallet Investor. Irvine Real Estate Forecast, Irvine Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/irvine-housing-market
  7. Wallet Investor. Huntington Beach Real Estate Forecast, Huntington Beach Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/huntington-beach-housing-market
  8. Wallet Investor. Orange Real Estate Forecast, Orange Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/orange-housing-market
  9. Wallet Investor. Laguna Woods Real Estate Forecast, Laguna Woods Area Housing Prices and Home Value Trends and Predictions. https://walletinvestor.com/real-estate-forecast/ca/orange/laguna-woods-housing-market
  10. OpenDoor. How much will I make selling my house? https://www.opendoor.com/w/home-sale-calculator

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