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 March 2023

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.

Housing Prices in Central Coast, CA

How much do homes in Central Coast, CA cost?

Median Sold Price

$1,816,111

$966/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$175,962(+10.7%)

Key Takeaway

Homes in Central Coast have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Central Coast was $1,816,111 in March 2024, up 10.7% from last year, and the median price per square foot was $966.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $580K$689K
+18.8%
2 $1.0M$1.0M
+5.0%
3 $1.4M$1.6M
+17.7%
4 $2.3M$2.6M
+14.2%
5+ $4.1M$4.3M
+4.9%

Summary: Central Coast housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Central Coast
+10.7%
Costa Mesa
+7.7%
Irvine
+7.7%
Newport Beach
+3.2%
Corona Del Mar
+2.9%

Housing Supply in Central Coast, CA

How many homes are available in Central Coast, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
568612+7.7%

Summary: The Central Coast real estate market had 612 homes for sale in March 2024, a 7.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1115
+36.4%
2 109108
-0.9%
3 163182
+11.7%
4 159170
+6.9%
5+ 126137
+8.7%

Summary: The Central Coast housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
129162+25.6%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

64 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. 46.3% of homes here sold below asking price last month.

Summary: A total of 162 homes were sold or pending in Central Coast in March 2024, up by 25.6% month-over-month. Of the 162 sold homes, 46% were sold under asking, 14% were sold at asking, and 40% were sold over asking.

Days on Market for Central Coast, CA

How long does it take to sell a home in Central Coast, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
41 Days31 Days-25.3%

Summary: Homes in Central Coast had an average of 31 days on market in Mar 2024, down by 25.3% compared to last year.

Breakdown of Home Sale Times

117 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

15 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.

Summary: During March 2024, 162 homes were sold in Central Coast; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

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