Is South Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,136,853
$662/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Coast was $1,136,853 in April 2024, up 6.3% from last year, and the median price per square foot was $662.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $431K | $330.5K | -23.3% |
2 Bedrooms | $604.4K | $635.6K | +5.2% |
3 Bedrooms | $1.1M | $1.2M | +7.4% |
4 Bedrooms | $1.7M | $1.8M | +4.9% |
5+ Bedrooms | $2.5M | $2.5M | +1.7% |
Summary: South Coast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Laguna Woods | $379.8K | $413.6K | +8.9% |
South Coast | $1.0M | $1.1M | +6.3% |
Aliso Viejo | $845K | $880K | +4.1% |
Laguna Beach | $2.8M | $2.9M | +3.6% |
Laguna Hills | $1.0M | $1.0M | +3.1% |
Housing Supply in South Coast, CA
How many homes are available in South Coast, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,186 | 1,235 | +4.1% |
Summary: The South Coast real estate market had 1,235 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 48 | 49 | +2.1% |
2 Bedrooms | 389 | 379 | -2.6% |
3 Bedrooms | 334 | 357 | +6.9% |
4 Bedrooms | 261 | 279 | +6.9% |
5+ Bedrooms | 154 | 171 | +11.0% |
Summary: The South Coast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 11%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
288 | 329 | +14.2% |
Asking Price vs. Sold Price
136 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
130 Homes Were Sold
Over Asking
Summary: A total of 329 homes were sold or pending in South Coast in April 2024, up by 14.2% month-over-month. Of the 329 sold homes, 41% were sold under asking, 19% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 28 Days | -16.3% |
Summary: Homes in South Coast had an average of 28 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
245 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During April 2024, 329 homes were sold in South Coast; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.