Is Laguna Beach, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Laguna Beach is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Laguna Beach has remained a Buyer's Market.

Key Takeaway

Laguna Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$200,000(-6.9%)

Key Takeaway

Homes in Laguna Beach have sold for 6.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $1.3M$1.2M
-4.3%
2 $1.8M$1.8M
-2.6%
3 $3.0M$2.6M
-13.2%
4 $3.6M$4.0M
+12.1%
5+ $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
+5.1%
Laguna Niguel
+2.8%
Aliso Viejo
+1.3%
South Coast
+0.6%
Laguna Beach
-6.9%

Housing Supply in Laguna Beach, CA

How many homes are available in Laguna Beach, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
150161+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

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 2227
+22.7%
3 5150
-2.0%
4 4955
+12.2%
5+ 2526
+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 2024Feb 2024CHANGE
1621+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Laguna Beach, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
54 Days100 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Laguna Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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