Is Laguna Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Laguna Beach has remained a Buyer's Market.
Housing Prices in Laguna Beach, CA
How much do homes in Laguna Beach, CA cost?
Median Sold Price
$2,700,000
$1,474/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Laguna Beach was $2,700,000 in February 2024, down 6.9% from last year, and the median price per square foot was $1,474.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.3M | $1.2M | -4.3% |
2 Bedrooms | $1.8M | $1.8M | -2.6% |
3 Bedrooms | $3.0M | $2.6M | -13.2% |
4 Bedrooms | $3.6M | $4.0M | +12.1% |
5+ Bedrooms | $5.1M | $4.8M | -5.6% |
Summary: Laguna Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Laguna Woods | $380K | $399.4K | +5.1% |
Laguna Niguel | $1.2M | $1.2M | +2.8% |
Aliso Viejo | $860K | $871.1K | +1.3% |
South Coast | $1.0M | $1.1M | +0.6% |
Laguna Beach | $2.9M | $2.7M | -6.9% |
Housing Supply in Laguna Beach, CA
How many homes are available in Laguna Beach, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
150 | 161 | +7.3% |
Summary: The Laguna Beach real estate market had 161 homes for sale in February 2024, a 7.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 51 | 50 | -2.0% |
4 Bedrooms | 49 | 55 | +12.2% |
5+ Bedrooms | 25 | 26 | +4.0% |
Summary: The Laguna Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Laguna Beach in February 2024, up by 31.3% month-over-month. Of the 21 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Laguna Beach, CA
How long does it take to sell a home in Laguna Beach, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 100 Days | +85.3% |
Summary: Homes in Laguna Beach had an average of 100 days on market in Feb 2024, up by 85.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During February 2024, 21 homes were sold in Laguna Beach; 19% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.