137 homes in near McPherson Magnet
Homes for Sale near McPherson Magnet
Orange, CA
$2,274,900
FOR SALE10536 Beardsley, Villa Park, CA 92861
4 beds · 3 baths · 2,855 sqft
About Homes near McPherson Magnet
About Orange: McPherson Magnet is located in Orange. Orange is a city located in northern Orange County, California, United States. It is approximately 3 miles (4.8 km) north of the county seat, Santa Ana. Orange is unusual in this region because many of the homes in its Old Town District were built before 1920. While many other cities in the region demolished such houses in the 1960s, Orange decided to preserve them. The small city of Villa Park is surrounded by the city of Orange. The population of Orange was 139,911 as of 2020.
These are homes for sale within about 2 miles of McPherson Magnet in Orange (Topfind School Score: 9/10). The area around the school has 138 active listings.
McPherson Magnet Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.3 months of supply, and sale prices are up 15% over the last six months and 10% over the past year. At the same time, 43% 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
$1.30M
↑ 10% 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
2.3 months of supply
Tight Supply138 active listings against the current sales pace works out to about 2.3 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 ~46 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 42% over the last six months.
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 McPherson Magnet Area
Homeownership is near the state average, with a balanced mix of owners and renters.
58%
Homeowners
42%
Renters
Homeownership is 2.5 points higher than the California average (55.5%)
44,867 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $594K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.3M)
Price Reductions
59 listings have reduced their price
43% of active listings
Average reduction: 6.5% (~$85K)
McPherson Magnet Area Market Overview
As an elementary school, McPherson Magnet operates within the Orange Unified district. Its Topfind School Score is 9. Homes in the McPherson Magnet area carry a median list price of $1.3M. That is about 11.1% above the Orange median. The median price moved from $1.2M in February to $1.3M in July, a 5.8% increase over six months. Right now 138 homes are on the market in the McPherson Magnet area. Listings on this page are selected by distance to McPherson Magnet, not by a confirmed attendance boundary. Confirm enrollment with the district.
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Nearby Schools
Frequently Asked Questions about Homes near McPherson Magnet
How many homes are for sale in McPherson Magnet Area, CA?
There are currently 138 homes for sale in McPherson Magnet Area, ranging from $215,000 to $8,800,000. 20 of them hit the market within the last week.
What is the median home price in McPherson Magnet Area?
The median list price in McPherson Magnet Area is $1,305,000. Price per square foot averages $657. Prices are up 10.4% compared to a year ago.
How fast do homes sell in McPherson Magnet Area?
Homes in McPherson Magnet Area currently average 46 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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