Is Nipomo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Nipomo has remained a Seller's Market.
Key Takeaway
Nipomo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nipomo, CA
How much do homes in Nipomo, CA cost?
Median Sold Price
$998,000
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nipomo have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Nipomo was $998,000 in March 2024, up 7.9% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $950K | $1.0M | +12.8% |
| 3 Bedrooms | $823.2K | $925K | +12.4% |
| 4 Bedrooms | $995.5K | $1.0M | +8.0% |
| 5+ Bedrooms | $1.2M | $1.2M | 0.0% |
Summary: Nipomo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.
Housing Supply in Nipomo, CA
How many homes are available in Nipomo, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 52 | +4.0% |
Summary: The Nipomo real estate market had 52 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Nipomo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 18 | +200.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nipomo, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Nipomo in March 2024, up by 200.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Nipomo, CA
How long does it take to sell a home in Nipomo, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 48 Days | -7.4% |
Summary: Homes in Nipomo had an average of 48 days on market in Mar 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nipomo are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Nipomo; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.