Is Imperial Beach, 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, Imperial Beach was a Seller's Market.
Key Takeaway
Imperial Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Imperial Beach, CA
How much do homes in Imperial Beach, CA cost?
Median Sold Price
$866,000
$640/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Imperial Beach have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Imperial Beach was $866,000 in May 2024, up 10.8% from last year, and the median price per square foot was $640.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $397K | -0.8% |
| 2 Bedrooms | $594.6K | $672.5K | +13.1% |
| 3 Bedrooms | $849.9K | $890K | +4.7% |
| 4 Bedrooms | $1.0M | $995K | -0.5% |
| 5+ Bedrooms | $885K | $1.3M | +50.3% |
Summary: Imperial Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 50.3%.
Housing Supply in Imperial Beach, CA
How many homes are available in Imperial Beach, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 90 | +36.4% |
Summary: The Imperial Beach real estate market had 90 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 18 | 25 | +38.9% |
| 3 Bedrooms | 29 | 40 | +37.9% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Imperial Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Imperial Beach, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Imperial Beach in May 2024, the same as the previous month. Of the 12 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Imperial Beach, CA
How long does it take to sell a home in Imperial Beach, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 53 Days | +349.3% |
Summary: Homes in Imperial Beach had an average of 53 days on market in May 2024, up by 349.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Imperial Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Imperial Beach; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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.