Is Pacific Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pacific Beach has remained a Seller's Market.
Key Takeaway
Pacific Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pacific Beach, CA
How much do homes in Pacific Beach, CA cost?
Median Sold Price
$1,499,000
$989/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pacific Beach have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in Pacific Beach was $1,499,000 in April 2024, up 27.4% from last year, and the median price per square foot was $989.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $528.5K | $548.9K | +3.9% |
| 2 Bedrooms | $900K | $1.2M | +33.3% |
| 3 Bedrooms | $1.5M | $1.7M | +7.6% |
| 4 Bedrooms | $2.0M | $2.3M | +18.3% |
| 5+ Bedrooms | $2.4M | $2.5M | +3.6% |
Summary: Pacific Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in Pacific Beach, CA
How many homes are available in Pacific Beach, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 80 | +21.2% |
Summary: The Pacific Beach real estate market had 80 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 20 | 31 | +55.0% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Pacific Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 55%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 26 | +62.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacific Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Pacific Beach in April 2024, up by 62.5% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Pacific Beach, CA
How long does it take to sell a home in Pacific Beach, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +20.8% |
Summary: Homes in Pacific Beach had an average of 26 days on market in Apr 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pacific Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Pacific Beach; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% 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.