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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nipomo is a seller's market

Buyer's
Market

Difference Since September 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

$999,999

$493/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$54,999(+5.8%)

Key Takeaway

Homes in Nipomo have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Nipomo was $999,999 in September 2024, up 5.8% from last year, and the median price per square foot was $493.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$865K
N/A
2 $962.5K$1.0M
+9.1%
3 $842K$897.5K
+6.6%
4 $1.0M$1.1M
+5.7%
5+ $1.4M$1.3M
-7.9%

Summary: Nipomo housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Cities

Guadalupe
+13.5%
Nipomo
+5.8%

Housing Supply in Nipomo, CA

How many homes are available in Nipomo, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8192+13.6%

Summary: The Nipomo real estate market had 92 homes for sale in September 2024, a 13.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1920
+5.3%
3 4351
+18.6%
4 1415
+7.1%
5+ 56
+20.0%

Summary: The Nipomo housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nipomo, expect to pay close to the asking price. 35.3% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Nipomo in September 2024, up by 6.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% 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

Sep 2023Sep 2024CHANGE
37 Days23 Days-38.3%

Summary: Homes in Nipomo had an average of 23 days on market in Sep 2024, down by 38.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nipomo are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 17 homes were sold in Nipomo; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Nipomo, CA

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