Is South Coast, 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, South Coast has remained a Seller's Market.
Housing Prices in South Coast, CA
How much do homes in South Coast, CA cost?
Median Sold Price
$1,158,858
$671/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Coast was $1,158,858 in May 2024, up 9.3% from last year, and the median price per square foot was $671.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $335K | -23.0% |
2 Bedrooms | $600K | $646.6K | +7.8% |
3 Bedrooms | $1.1M | $1.2M | +9.1% |
4 Bedrooms | $1.6M | $1.8M | +8.6% |
5+ Bedrooms | $2.4M | $2.5M | +5.9% |
Summary: South Coast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Laguna Woods | $377.2K | $415.2K | +10.1% |
South Coast | $1.0M | $1.1M | +9.3% |
Aliso Viejo | $841.2K | $900K | +7.0% |
Laguna Beach | $2.8M | $2.9M | +3.6% |
Laguna Hills | $1.0M | $1.0M | +0.9% |
Housing Supply in South Coast, CA
How many homes are available in South Coast, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,308 | 1,322 | +1.1% |
Summary: The South Coast real estate market had 1,322 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 56 | 48 | -14.3% |
2 Bedrooms | 407 | 431 | +5.9% |
3 Bedrooms | 371 | 370 | -0.3% |
4 Bedrooms | 306 | 305 | -0.3% |
5+ Bedrooms | 168 | 168 | 0.0% |
Summary: The South Coast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
332 | 329 | -0.9% |
Asking Price vs. Sold Price
128 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
143 Homes Were Sold
Over Asking
Summary: A total of 329 homes were sold or pending in South Coast in May 2024, down by 0.9% month-over-month. Of the 329 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% were sold over asking.
Days on Market for South Coast, CA
How long does it take to sell a home in South Coast, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -15.8% |
Summary: Homes in South Coast had an average of 27 days on market in May 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
237 Homes Were Sold
Under 30 Days
70 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During May 2024, 329 homes were sold in South Coast; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.