September 2026 Garden Grove Real Estate Market Report: Homes Still Sell Above Asking on Thin Supply

Garden Grove single-family homes sold above their original asking price on average in September 2026, even as fewer buyers went under contract. The median single-family sale price was $1,112,500, up 4.3% from a year ago, and sellers received 101.4% of the original list price. But pending sales fell 50.0% to 21, homes took 30 days to sell instead of 25, and inventory dropped 18.4% to 80 homes. Firm prices on thin supply with fewer contracts is an unusual mix, and below I explain how I read it.

Source: Pacific West Association of REALTORS® (PWR) Local Market Update for September 2026, based on CRMLS data and current as of October 2, 2026. Figures cover Garden Grove (Orange County) as a whole. Sales prices do not account for seller concessions or down payment assistance.

September 2026 Snapshot: Single-Family Homes vs. Condos

Year-over-year changes compare September 2026 with September 2025. One month of data can swing on a handful of sales, so I also lean on the 12-month figures below.

How I Read the September Numbers

Prices are firm, and supply is the reason

Single-family inventory fell 18.4% to 80 homes, and months of supply dropped from 2.6 to 2.3. A common rule of thumb treats under 4 months as favoring sellers, so Garden Grove sits well inside seller territory. With few homes to choose from, the ones that sell tend to sell near or above list. Sellers received 101.4% of the original list price, roughly $15,600 over asking at the median, and the 12-month figure is a similar 101.3%. The September median is up 4.3%, but the 12-month median is $1,075,000, up just 1.4%. I would describe Garden Grove prices as steady with modest growth, not rapid appreciation.

Contracts dropped by half, which is the number to watch

Pending sales fell from 42 to 21. Closed sales only slipped 4.5% to 42 because September closings mostly come from contracts signed a month or more earlier, so pending sales are the earlier signal. Over 12 months, pending sales are down 6.7%, so September’s 50.0% drop is much sharper than the yearly pattern. With only 21 pendings, a few deals move the percentage a lot, so I would not call it a trend yet. Days on market tell a similar story: 30 days, up 20.0% from 25, and 24 days over 12 months against 21 a year ago. Homes are still selling quickly, just a bit more slowly than before.

The average and the median agree

The average single-family sale price of $1,100,074 is close to the median of $1,112,500. When the two sit this close together, a few outlier sales are not distorting the picture, so the median is a fair read of a typical sale.

Condos and Townhomes: Big Percentages, Small Numbers

The condo median jumped 20.8% to $745,000, but I would not read that as a price surge. It comes from 15 closed sales, and the 12-month condo median is $625,000, unchanged from a year earlier. A few larger or better-located units closing in the same month can move a median that far. Supply is the better signal: months of supply rose from 2.6 to 3.9, inventory is up 15.0% to 46 units, and pending condo sales fell to 5. Buyers have more to choose from than a year ago, and sellers received 99.6% of original list price, about $3,000 below asking at the median.

Bao’s Take: Beyond the Numbers

If you are selling in Garden Grove

Low supply works in your favor, but it is not a guarantee. With contracts down by half in September, the buyers who are still active are being selective, and homes are taking a few more days to sell. I would price to recent closed sales near you, not to last spring’s pace. A well-priced home here still draws offers at or above list. A home priced past what recent buyers paid is the one that starts to sit. I walk through that logic in How to Tell If a Long Beach Home Is Overpriced, which I wrote for Long Beach but the pricing approach carries over.

If you are buying in Garden Grove

Expect competition on single-family homes, with offers at or above asking still common at a 101.4% average. Slower days on market give you a little more time to look, but I would not count on a discount. Condos are where the numbers favor you more, with a 3.9-month supply and more units available than last year. If you are weighing whether to wait for lower rates, Should You Wait for Mortgage Rates to Fall Before Buying? covers that decision.

Nearby market reports (September 2026): Long Beach, Lakewood, Cerritos, Cypress