Anaheim Home Prices Rose 6.6% Last Month. That's Not the Number That Matters.

Here’s the number everyone will quote you: the median Anaheim home sold for $935,000 in August, up 6.6% from a year ago. Sounds like a hot seller’s market. It isn’t, at least not the way it was. The number that actually tells you where Anaheim is headed is pending sales, and pending sales fell 44.0%.

Pending sales are the homes that just went under contract but haven’t closed yet. They’re next month’s closings. When they drop by nearly half in a year, it means the buyers who were fueling those price gains are pulling back, and price is always the last thing to react. So you get a month like this one, where the headline looks strong and the engine underneath is already easing off.

What the price numbers are really saying

The median is the middle of the market: half of Anaheim’s sales came in above $935,000, half below. The average landed at $926,991, up just 1.1%, and price per square foot was $592 (up 2.6%). Those are healthy, not hot. And here’s the tell: homes still closed at 100.0% of last list price and 100.0% of the original asking price. Sellers who priced right got exactly what they asked, no more. A year ago they were getting bidding wars. Now they’re getting their number if they name it correctly out of the gate.

Supply is building, quietly

New listings actually dipped to 125 (down 1.6%), but active inventory rose to 325 (up 6.9%) and months of supply climbed to 3.8. Months of supply is how long it would take to sell everything on the market at the current pace. Under three months, sellers run the show. Three to six, it’s balanced. Anaheim at 3.8 is squarely balanced, and it got there because homes are sitting a little longer while demand thins. More choice for buyers, less urgency, less leverage for the seller who overreaches on price.

Demand cooled across the board

Closed sales came in at 83, down 21.7%. Total closed sides (counting both the buyer’s and seller’s agent on each deal) were 174.0, and closed dollar volume was $161,296,358, down 17.0% year over year. Fewer deals, less money moving. None of that is a crash. It’s a market coming off a boil.

How fast homes are moving

The median Anaheim home went under contract in 16 days, actually 23.8% faster than a year ago. That surprises people, but it fits: buyers are pickier and there are fewer of them, so the right home priced right still moves fast, while everything else waits. Showings backed that up, with 3.0 showings to contract and 3.5 per listing. The good ones go quick. The overpriced ones don’t move at all.

The full August scorecard

On the supply side, Anaheim brought 125 (down 1.6%) new listings, held 325 (up 6.9%) active listings, and carried 3.8 (up 8.6%) months of supply.

On demand, pending sales came in at 51 (down 44.0%), closed sales at 83 (down 21.7%), total closed sides at 174.0 (down 17.9%), and total closed dollar volume at $161,296,358 (down 17.0%).

On price, the median came in at $935,000 (up 6.6%), the average at $926,991 (up 1.1%), and price per square foot at $592 (up 2.6%). Homes closed at 100.0% (flat) of last list price and 100.0% (up 0.5%) of original list price.

On timing and activity, the median home was 16 (down 23.8%) days active in the MLS, with 3.0 (flat) showings to contract and 3.5 (down 7.9%) showings per listing.

If you’re selling

Your pricing power is real but it’s conditional. At 100.0% of list, the market will pay your asking price, if you set it against today’s comps, not last spring’s. Put an ambitious number on it and you’ll watch it sit, and a listing that sits past that 16-day window loses its leverage fast. Price it sharp, and you’re still selling in about two weeks at full ask. That’s a strong position. It just doesn’t forgive a fantasy price the way it did a year ago.

If you’re buying

You have more room than that 6.6% price gain suggests. Inventory is up, months of supply is at 3.8, and pending sales fell 44.0%, which means far less competition than Anaheim buyers faced a year ago. The play is to go after the homes that have been sitting past that 16-day mark. Those sellers are the ones ready to talk on price, closing costs, and repairs. Homes are still closing at 100.0% of list, though, so a lowball on a fresh, well-priced listing won’t land.

The bottom line

Anaheim isn’t weakening: it’s rebalancing. Median at $935,000 (+6.6%), pending down 44.0%, supply at 3.8 months. Prices held while demand stepped back, which is exactly what a normalizing market looks like. For sellers that means price discipline matters more than it has in years. For buyers it means the leverage is quietly shifting your way. Either way, the city average isn’t your answer: your price range and your specific home are. That’s worth a real conversation before you make a move.

Frequently asked questions

What is the median home price in Anaheim?

The median sale price for August 2026 closings was $935,000, up 6.6% year over year.

How long are homes taking to sell in Anaheim?

The median home spent 16 days active in the MLS before going under contract, down 23.8% from a year ago.

Are homes in Anaheim selling for asking price?

On average, closed homes sold at 100.0% of last list price and 100.0% of original list price. The closer that number is to 100%, the less room there was to negotiate below asking.

The Verdict: Anaheim Is a Balanced Market

Anaheim is a balanced market, leaning toward sellers. At 3.8 months of supply it sits in the three-to-six-month range where neither side runs the table. Homes closed at 100.0% of last list price with the median at $935,000 (up 6.6%), while pending sales at 51 (down 44.0%) show demand cooling. Net-net it’s leaning toward sellers, because prices are still rising and homes close at full ask.

Data source: RECore MLS / InfoSparks. All figures reflect closed residential transactions for August 2026; percentages are year-over-year changes versus August 2025.