92840 Housing Market
Median List Price
$965,000
Updated August 2026
Today, the 92840 ZIP code in Garden Grove, CA has 39 homes for sale at a median list price of $965,000, typically selling in about 41 days.
92840 Housing Market Overview
Homes in the 92840 ZIP code carry a median list price of $965,000. That runs roughly 3.4% lower than Garden Grove as a whole. The median price moved from $915,000 in February to $1.1M in July, a 14.8% increase over six months. Right now 39 homes are on the market in the 92840 ZIP code. Five bedroom homes carry the highest medians at $1.1M, with one bedroom homes starting the range at $449,450.
92840 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 8% over the last six months and 3% over the past year, and there is only 2.8 months of supply. At the same time, 36% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$965K
↑ 3% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.8 months of supply
Tight Supply39 active listings against the current sales pace works out to about 2.8 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~41 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 24% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 51% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92840 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
54%
Homeowners
46%
Renters
Homeownership is 1.5 points lower than the California average (55.5%)
48,650 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $150K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$380K)
Price Reductions
14 listings have reduced their price
36% of active listings
Average reduction: 5.4% (~$52K)
Browse 92840 Listings
Frequently Asked Questions about the 92840 Housing Market
What is the median home price in the 92840 ZIP code?
The median list price in the 92840 ZIP code is $965,000 as of August 2026, based on 39 active listings.
Is the 92840 ZIP code a buyer's market or a seller's market?
The 92840 ZIP code currently reads as a balanced market. Active inventory works out to about 2.8 months of supply at the recent sales pace.
How fast do homes sell in the 92840 ZIP code?
The average home currently for sale in the 92840 ZIP code has been on the market for 41 days.
Are home prices in the 92840 ZIP code going up or down?
The median sale price in the 92840 ZIP code is up about 3.2% compared with a year ago.
How many homes are for sale in the 92840 ZIP code?
There are 39 homes for sale in the 92840 ZIP code right now, including 5 listed within the last week.