Is Central Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,889,911
$988/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Central Coast was $1,889,911 in June 2024, up 16% from last year, and the median price per square foot was $988.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $595K | $692K | +16.3% |
2 Bedrooms | $990K | $1.0M | +10.4% |
3 Bedrooms | $1.4M | $1.6M | +17.9% |
4 Bedrooms | $2.2M | $2.9M | +27.2% |
5+ Bedrooms | $4.0M | $4.5M | +14.2% |
Summary: Central Coast housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
Central Coast | $1.6M | $1.8M | +16.0% |
Irvine | $1.2M | $1.5M | +15.6% |
Costa Mesa | $1.1M | $1.3M | +13.2% |
Newport Beach | $3.0M | $3.4M | +11.7% |
Corona Del Mar | $3.5M | $3.8M | +7.0% |
Housing Supply in Central Coast, CA
How many homes are available in Central Coast, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
759 | 758 | -0.1% |
Summary: The Central Coast real estate market had 758 homes for sale in June 2024, a 0.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 25 | +4.2% |
2 Bedrooms | 122 | 119 | -2.5% |
3 Bedrooms | 257 | 245 | -4.7% |
4 Bedrooms | 193 | 194 | 0.5% |
5+ Bedrooms | 163 | 175 | +7.4% |
Summary: The Central Coast housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
187 | 128 | -31.6% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Summary: A total of 128 homes were sold or pending in Central Coast in June 2024, down by 31.6% month-over-month. Of the 128 sold homes, 52% were sold under asking, 11% were sold at asking, and 37% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 28 Days | +12.6% |
Summary: Homes in Central Coast had an average of 28 days on market in Jun 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During June 2024, 128 homes were sold in Central Coast; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.