Is North Coast, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Coast is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, North Coast has remained a Seller's Market.

Key Takeaway

North Coast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Coast, CA

How much do homes in North Coast, CA cost?

Median Sold Price

$949,812

$630/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$13,687(-1.4%)

Key Takeaway

Homes in North Coast have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in North Coast was $949,812 in February 2024, down 1.4% from last year, and the median price per square foot was $630.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $647.5K$585.5K
-9.6%
2 $775K$799K
+3.1%
3 $1.0M$995K
-6.8%
4 $1.4M$1.5M
+6.3%
5+ $1.5M$1.6M
+2.2%

Summary: North Coast housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Cayucos
+9.4%
Morro Bay
+1.8%
North Coast
-1.4%
Cambria
-12.6%

Housing Supply in North Coast, CA

How many homes are available in North Coast, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
122117-4.1%

Summary: The North Coast real estate market had 117 homes for sale in February 2024, a 4.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 96
-33.3%
2 3140
+29.0%
3 5548
-12.7%
4 2318
-21.7%
5+ 45
+25.0%

Summary: The North Coast housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 29%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
28280.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Coast, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in North Coast in February 2024, the same as the previous month. Of the 28 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for North Coast, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days44 Days+6.1%

Summary: Homes in North Coast had an average of 44 days on market in Feb 2024, up by 6.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 28 homes were sold in North Coast; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% 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 27 Days Ago

Newest Listings in North Coast, CA

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