Is Central Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Central Coast has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $580K | $689K | +18.8% |
2 Bedrooms | $1.0M | $1.0M | +5.0% |
3 Bedrooms | $1.4M | $1.6M | +17.7% |
4 Bedrooms | $2.3M | $2.6M | +14.2% |
5+ Bedrooms | $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 | $1.6M | $1.8M | +10.7% |
Costa Mesa | $1.1M | $1.2M | +7.7% |
Irvine | $1.2M | $1.3M | +7.7% |
Newport Beach | $3.1M | $3.2M | +3.2% |
Corona Del Mar | $3.6M | $3.7M | +2.9% |
Housing Supply in Central Coast, CA
How many homes are available in Central Coast, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
568 | 612 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 109 | 108 | -0.9% |
3 Bedrooms | 163 | 182 | +11.7% |
4 Bedrooms | 159 | 170 | +6.9% |
5+ Bedrooms | 126 | 137 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 162 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 31 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
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.