Is Pajaro, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pajaro has remained a Seller's Market.
Housing Prices in Pajaro, CA
How much do homes in Pajaro, CA cost?
Median Sold Price
$860,000
$542/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pajaro was $860,000 in May 2024, down 0.3% from last year, and the median price per square foot was $542.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $510K | N/A |
2 Bedrooms | $700K | $700K | 0.0% |
3 Bedrooms | $870K | $955K | +9.8% |
4 Bedrooms | $889K | $1.0M | +18.1% |
5+ Bedrooms | $950K | - | N/A |
Summary: Pajaro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Watsonville | $699.5K | $800K | +14.4% |
Castroville | $858K | $900K | +4.9% |
Pajaro | $862.5K | $860K | -0.3% |
Aromas | $885K | $795K | -10.2% |
Housing Supply in Pajaro, CA
How many homes are available in Pajaro, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Summary: The Pajaro real estate market had 23 homes for sale in May 2024, a 8.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pajaro 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 decreased by 27.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Pajaro in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Pajaro, CA
How long does it take to sell a home in Pajaro, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 15 Days | -60.5% |
Summary: Homes in Pajaro had an average of 15 days on market in May 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Pajaro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.