Is Coronado, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Coronado was a Seller's Market.
Key Takeaway
Coronado is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coronado, CA
How much do homes in Coronado, CA cost?
Median Sold Price
$2,375,000
$1,447/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Coronado has remained the same since last year.
Summary: The median home sold price in Coronado was $2,375,000 in May 2024, the same as last year, and the median price per square foot was $1,447.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | $1.3M | -11.3% |
| 2 Bedrooms | $1.6M | $2.0M | +19.4% |
| 3 Bedrooms | $2.5M | $2.7M | +10.0% |
| 4 Bedrooms | $3.1M | $3.2M | +5.4% |
| 5+ Bedrooms | $5.4M | $5.0M | -8.3% |
Summary: Coronado housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Imperial Beach | $781.5K | $866K | +10.8% |
| San Diego | $850.1K | $921.7K | +8.4% |
| Coronado | $2.3M | $2.3M | 0.0% |
Housing Supply in Coronado, CA
How many homes are available in Coronado, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 118 | 122 | +3.4% |
Summary: The Coronado real estate market had 122 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 13 | -13.3% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 33 | 41 | +24.2% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Coronado housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 24.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 14 | -46.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coronado, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Coronado in May 2024, down by 46.2% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Coronado, CA
How long does it take to sell a home in Coronado, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 30 Days | -41.4% |
Summary: Homes in Coronado had an average of 30 days on market in May 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coronado are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Coronado; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.