Is Coronado, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Coronado was a Seller's Market.
Key Takeaway
Coronado is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coronado, CA
How much do homes in Coronado, CA cost?
Median Sold Price
$2,297,500
$1,367/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Coronado have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Coronado was $2,297,500 in November 2023, down 0.7% from last year, and the median price per square foot was $1,367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $1.2M | -3.9% |
| 2 Bedrooms | $1.5M | $1.9M | +22.6% |
| 3 Bedrooms | $2.4M | $2.6M | +7.5% |
| 4 Bedrooms | $3.1M | $3.2M | +1.8% |
| 5+ Bedrooms | $5.8M | $4.5M | -22.4% |
Summary: Coronado housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Imperial Beach | $775K | $811K | +4.6% |
| San Diego | $853.9K | $882.8K | +3.4% |
| Coronado | $2.3M | $2.2M | -0.7% |
Housing Supply in Coronado, CA
How many homes are available in Coronado, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 96 | 98 | +2.1% |
Summary: The Coronado real estate market had 98 homes for sale in November 2023, a 2.1% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Coronado housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coronado, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Coronado in November 2023, the same as the previous month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for Coronado, CA
How long does it take to sell a home in Coronado, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 35 Days | 39 Days | +11.4% |
Summary: Homes in Coronado had an average of 39 days on market in Nov 2023, up by 11.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coronado are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 13 homes were sold in Coronado; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.