Is Coronado, 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, Coronado has remained a Seller's Market.
Key Takeaway
Coronado is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coronado, CA
How much do homes in Coronado, CA cost?
Median Sold Price
$2,395,000
$1,399/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Coronado have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Coronado was $2,395,000 in March 2024, up 1.4% from last year, and the median price per square foot was $1,399.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | $1.2M | -12.5% |
| 2 Bedrooms | $1.6M | $2.0M | +20.9% |
| 3 Bedrooms | $2.5M | $2.8M | +11.6% |
| 4 Bedrooms | $2.9M | $3.1M | +7.8% |
| 5+ Bedrooms | $4.2M | $5.1M | +20.1% |
Summary: Coronado housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 20.1%.
Median Sold Price Compared To Nearby Cities
| Imperial Beach | $768.7K | $849.9K | +10.6% |
| San Diego | $853.5K | $905.2K | +6.1% |
| Coronado | $2.3M | $2.3M | +1.4% |
Housing Supply in Coronado, CA
How many homes are available in Coronado, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 99 | 117 | +18.2% |
Summary: The Coronado real estate market had 117 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 16 | +45.5% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 27 | 37 | +37.0% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Coronado housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 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 26 homes were sold or pending in Coronado in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 55 Days | +9.5% |
Summary: Homes in Coronado had an average of 55 days on market in Mar 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 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 March 2024, 26 homes were sold in Coronado; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% 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.