Is Malibu Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Malibu Park was a Seller's Market.
Key Takeaway
Malibu Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malibu Park, CA
How much do homes in Malibu Park, CA cost?
Median Sold Price
$3,160,000
$1,045/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Malibu Park have sold for 40.1% less than they did a year ago.
Summary: The median home sold price in Malibu Park was $3,160,000 in April 2024, down 40.1% from last year, and the median price per square foot was $1,045.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $3.8M | $714.5K | -81.5% |
| 3 Bedrooms | $3.4M | $2.8M | -18.4% |
| 4 Bedrooms | $5.3M | $4.5M | -14.7% |
| 5+ Bedrooms | $6.6M | $5.3M | -19.7% |
Summary: Malibu Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 81.5%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 19.7%.
Housing Supply in Malibu Park, CA
How many homes are available in Malibu Park, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 28 | +33.3% |
Summary: The Malibu Park real estate market had 28 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Malibu Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malibu Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Malibu Park in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Malibu Park, CA
How long does it take to sell a home in Malibu Park, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 96 Days | +62.7% |
Summary: Homes in Malibu Park had an average of 96 days on market in Apr 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Malibu Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Malibu Park; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.