Is Laguna 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, Laguna Beach was a Seller's Market.
Housing Prices in Laguna Beach, CA
How much do homes in Laguna Beach, CA cost?
Median Sold Price
$2,905,000
$1,527/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Laguna Beach was $2,905,000 in May 2024, up 3.6% from last year, and the median price per square foot was $1,527.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.6M | $1.3M | -18.0% |
2 Bedrooms | $1.8M | $2.0M | +11.2% |
3 Bedrooms | $2.8M | $2.8M | -0.2% |
4 Bedrooms | $4.0M | $4.2M | +5.9% |
5+ Bedrooms | $5.1M | $6.4M | +25.8% |
Summary: Laguna Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25.8%.
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 Niguel | $1.2M | $1.2M | +6.8% |
Laguna Beach | $2.8M | $2.9M | +3.6% |
Housing Supply in Laguna Beach, CA
How many homes are available in Laguna Beach, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
180 | 193 | +7.2% |
Summary: The Laguna Beach real estate market had 193 homes for sale in May 2024, a 7.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 35 | 41 | +17.1% |
3 Bedrooms | 57 | 66 | +15.8% |
4 Bedrooms | 66 | 64 | -3.0% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Laguna Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Laguna Beach in May 2024, down by 3.4% month-over-month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Laguna Beach, CA
How long does it take to sell a home in Laguna Beach, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 86 Days | +28.9% |
Summary: Homes in Laguna Beach had an average of 86 days on market in May 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Laguna Beach; 43% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.