Is Laguna Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Laguna Beach was a Seller's Market.
Housing Prices in Laguna Beach, CA
How much do homes in Laguna Beach, CA cost?
Median Sold Price
$2,800,000
$1,508/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Laguna Beach was $2,800,000 in March 2024, down 1.7% from last year, and the median price per square foot was $1,508.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | $1.2M | -5.1% |
2 Bedrooms | $1.8M | $1.9M | +6.1% |
3 Bedrooms | $2.9M | $2.9M | -3.0% |
4 Bedrooms | $3.9M | $3.9M | -1.2% |
5+ Bedrooms | $5.1M | $4.8M | -5.6% |
Summary: Laguna Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Laguna Woods | $379.1K | $407.9K | +7.6% |
Laguna Niguel | $1.2M | $1.2M | +2.5% |
South Coast | $1.0M | $1.1M | +2.1% |
Aliso Viejo | $850K | $862.4K | +1.5% |
Laguna Beach | $2.8M | $2.8M | -1.7% |
Housing Supply in Laguna Beach, CA
How many homes are available in Laguna Beach, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
163 | 177 | +8.6% |
Summary: The Laguna Beach real estate market had 177 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 27 | 39 | +44.4% |
3 Bedrooms | 48 | 47 | -2.1% |
4 Bedrooms | 60 | 66 | +10.0% |
5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The Laguna Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Laguna Beach in March 2024, up by 4.3% month-over-month. Of the 24 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 68 Days | +69.5% |
Summary: Homes in Laguna Beach had an average of 68 days on market in Mar 2024, up by 69.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Laguna Beach; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.