Is Half Moon Bay, 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, Half Moon Bay has remained a Seller's Market.
Housing Prices in Half Moon Bay, CA
How much do homes in Half Moon Bay, CA cost?
Median Sold Price
$1,643,000
$720/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Half Moon Bay was $1,643,000 in March 2024, up 8% from last year, and the median price per square foot was $720.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $550K | N/A |
2 Bedrooms | $865K | $887.5K | +2.6% |
3 Bedrooms | $1.3M | $1.5M | +11.5% |
4 Bedrooms | $1.9M | $1.9M | 0.0% |
5+ Bedrooms | $2.9M | $2.1M | -25.9% |
Summary: Half Moon Bay housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 25.9%.
Housing Supply in Half Moon Bay, CA
How many homes are available in Half Moon Bay, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The Half Moon Bay real estate market had 38 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Half Moon Bay housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Half Moon Bay in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Half Moon Bay, CA
How long does it take to sell a home in Half Moon Bay, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 27 Days | -41.9% |
Summary: Homes in Half Moon Bay had an average of 27 days on market in Mar 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Half Moon Bay; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.