Is Central Coast, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Coast is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Central Coast has remained a Seller's Market.

Key Takeaway

Central Coast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Central Coast, CA cost?

Median Sold Price

$1,729,064

$885/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$194,462(+12.7%)

Key Takeaway

Homes in Central Coast have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $516.5K$580K
+12.3%
2 $840.5K$1.0M
+20.9%
3 $1.2M$1.5M
+18.8%
4 $2.3M$2.5M
+10.4%
5+ $3.6M$4.0M
+10.8%

Median Sold Price Compared To Nearby Cities

Irvine
+29.0%
Corona Del Mar
+24.0%
Costa Mesa
+21.2%
Newport Beach
+20.1%
Central Coast
+12.7%

How many homes are available in Central Coast, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
606589-2.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 2024
+20.0%
2 10297
-4.9%
3 207196
-5.3%
4 173170
-1.7%
5+ 104102
-1.9%

Number of Homes Sold

Oct 2022Nov 2022%
126115-8.7%

Asking Price vs. Sold Price

79 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Coast, you may be able to get a good deal. 68.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days43 Days+66.3%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Central Coast are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Central Coast, CA

There are 589 homes are for sale in Central Coast, CA real estate market. Between October 2022 and November 2022, Central Coast, CA real estate market has seen decrease in the number of listings by 2.8%. In November 2022 median list price was $1,729,064 and the average listing age was 43 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 12.3%, the cost of 2 bedrooms properties went up by 20.9%, prices of 3 bedrooms properties went up by 18.8%, 4 bedrooms properties prices increased by 10.4%, 5 bedrooms properties became 10.8% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 20%, volume of 2 bedrooms homes went down by 4.9%, 3 bedrooms homes became 5.3% less available, volume of 4 bedrooms homes went down by 1.7%, number of 5 bedrooms homes decreased by 1.9%. Central Coast, CA housing market in November 2022 saw over 21 listings sold above listed price, more than 15 sold at listed price and over 79 sold below.

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