$3,275,000
2,347 SqFt
2 Beds
•2 Full Baths, 1 Partial
John Cosentino, Listing Office: Sotheby's International Realty
Is Malibu, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Malibu has remained a Buyer'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
$3,482,500
$1,344/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$332,500(+10.6%)
Key Takeaway
Homes in Malibu have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Malibu was $3,482,500 in September 2024, up 10.6% from last year, and the median price per square foot was $1,344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $2.1M | +90.9% |
| 2 Bedrooms | $1.2M | $1.5M | +27.0% |
| 3 Bedrooms | $3.0M | $2.5M | -17.2% |
| 4 Bedrooms | $3.6M | $4.2M | +16.2% |
| 5+ Bedrooms | $8.0M | $7.4M | -7.8% |
Summary: Malibu housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.9%, 2 bedroom homes increased by 27%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Agoura Hills-Malibu | $1.4M | $1.6M | +11.4% |
| Malibu | $3.1M | $3.4M | +10.6% |
Housing Supply in Malibu, CA
How many homes are available in Malibu, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 264 | 294 | +11.4% |
Summary: The Malibu real estate market had 294 homes for sale in September 2024, a 11.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 26 | 28 | +7.7% |
| 3 Bedrooms | 80 | 81 | +1.3% |
| 4 Bedrooms | 69 | 83 | +20.3% |
| 5+ Bedrooms | 84 | 96 | +14.3% |
Summary: The Malibu housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 16 | -36.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malibu, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Malibu in September 2024, down by 36.0% month-over-month. Of the 16 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 85 Days | 126 Days | +48.7% |
Summary: Homes in Malibu had an average of 126 days on market in Sep 2024, up by 48.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Malibu are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 16 homes were sold in Malibu; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.