Is Brea, CA 92823 a buyer’s or seller’s market?
Brea is a seller’s market. With about 2.7 months of supply and 71% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Brea housing market right now
In the three months ending August 31, 2026, 71% of homes in Brea, CA 92823 sold above their list price, the typical home went under contract in 30 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 41%, homes sold faster (44 days then) and the median sale price fell 16% to $1,299,438. Overall, Brea is more competitive than a year ago, so tougher for buyers.
Within Orange County, homes here sell faster than in 87% of the county’s ZIP codes, and sell more often over asking than in 99%.
Nearby, buyers who want less competition could look at Silverado 92676 (0% sold over asking) or Irvine 92612 (4% sold over asking), while Surfside 90743 (100% sold over asking) is even more competitive.
Run the numbers for 92823
Nearby markets
Aliso Viejo 92656Seller’s market $685 /sq ftAnaheim 92801Seller’s market $552 /sq ftAnaheim 92802Seller’s market $546 /sq ftAnaheim 92804Seller’s market $596 /sq ft Browse all markets →Towns like Brea nearby
Find towns like Brea in other states →Where Brea is
Loading map…
Questions about Brea real estate
Is Brea a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Brea, CA 92823 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Brea?
The typical home went under contract in 30 days in the latest three months.
Do homes in Brea sell over asking?
71% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Brea?
About 1.15% of a home’s value a year in Orange County, or roughly $4,600 on a $400,000 home.
What is the median home price in Brea?
The median sale price was $1,299,438 in the three months ending August 31, 2026, about $638 per square foot.
Local agents
See all agents in 92823 →No sponsored agents in 92823 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 92823
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology