Is Malibu, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Malibu is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Malibu was a Seller's Market.

Key Takeaway

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

How much do homes in Malibu, CA cost?

Median Sold Price

$4,788,125

$1,483/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$538,125(+12.7%)

Key Takeaway

Homes in Malibu have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $1.8M$1.4M
-24.4%
2 $1.3M$1.6M
+20.4%
3 $3.5M$3.5M
-2.3%
4 $4.4M$6.0M
+36.4%
5+ $9.1M$7.8M
-14.5%

Median Sold Price Compared To Nearby Cities

Malibu
+12.7%
Agoura Hills-Malibu
+7.8%

How many homes are available in Malibu, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
105125+19.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 23
+50.0%
2 1416
+14.3%
3 2932
+10.3%
4 2833
+17.9%
5+ 3241
+28.1%

Number of Homes Sold

Sep 2022Oct 2022%
710+42.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Malibu, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
60 Days63 Days+5.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Malibu has remained consistent over time.

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

About Malibu, CA

Malibu, CA has 125 homes for sale to choose from. The number of homes for sale in Malibu, CA increased by 19% between September 2022 and October 2022. While the average time on the market in October 2022 was 63 days, the median list price was $4,788,125. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties decreased by 24.4%, the cost of 2 bedrooms properties went up by 20.4%, the cost of 3 bedrooms properties went down by 2.3%, 4 bedrooms properties prices increased by 36.4%, the cost of 5 bedrooms properties went down by 14.5%. This housing market inventory have changed: number of 1 bedroom homes increased by 50%, 2 bedrooms homes inventory increased by 14.3%, 3 bedrooms homes inventory increased by 10.3%, 4 bedrooms homes inventory increased by 17.9%, 5 bedrooms homes became 28.1% more available. In October 2022, from all listings sold in Malibu, CA there were more than 1 sold above asking price, over 9 sold below and more than 0 were sold right at the asked price.

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