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 June 2023

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.

Housing Prices in Malibu, CA

How much do homes in Malibu, CA cost?

Median Sold Price

$3,500,000

$1,344/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$400,000(+12.9%)

Key Takeaway

Homes in Malibu have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Malibu was $3,500,000 in June 2024, up 12.9% from last year, and the median price per square foot was $1,344.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $1.1M$1.1M
-5.4%
2 $1.4M$1.3M
-4.0%
3 $2.6M$3.0M
+13.0%
4 $3.7M$4.2M
+12.9%
5+ $7.9M$7.5M
-4.1%

Summary: Malibu housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Malibu
+12.9%
Agoura Hills-Malibu
+12.6%

Housing Supply in Malibu, CA

How many homes are available in Malibu, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
257298+16.0%

Summary: The Malibu real estate market had 298 homes for sale in June 2024, a 16.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 57
+40.0%
2 2934
+17.2%
3 8388
+6.0%
4 6480
+25.0%
5+ 7689
+17.1%

Summary: The Malibu housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 17.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were 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. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Malibu in June 2024, up by 18.8% month-over-month. Of the 19 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.

Days on Market for Malibu, CA

How long does it take to sell a home in Malibu, CA?

Average Sale Time

Jun 2023Jun 2024CHANGE
33 Days75 Days+123.7%

Summary: Homes in Malibu had an average of 75 days on market in Jun 2024, up by 123.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 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.

Summary: During June 2024, 19 homes were sold in Malibu; 32% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% 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 18 Days Ago

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