Is Pacific Highlands Ranch, 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 Highlands Ranch has remained a Seller's Market.
Key Takeaway
Pacific Highlands Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pacific Highlands Ranch, CA
How much do homes in Pacific Highlands Ranch, CA cost?
Median Sold Price
$2,000,000
$759/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pacific Highlands Ranch have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in Pacific Highlands Ranch was $2,000,000 in April 2024, down 10.5% from last year, and the median price per square foot was $759.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $465K | N/A |
| 2 Bedrooms | $571K | $615K | +7.7% |
| 3 Bedrooms | $1.5M | $1.2M | -24.8% |
| 4 Bedrooms | $2.1M | $2.2M | +2.1% |
| 5+ Bedrooms | $2.5M | $3.4M | +35.5% |
Summary: Pacific Highlands Ranch 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 increased by 7.7%, 3 bedroom homes decreased by 24.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 35.5%.
Median Sold Price Compared To Nearby Neighborhoods
| North City | $2.2M | $2.1M | -4.9% |
| Pacific Highlands Ranch | $2.2M | $2.0M | -10.5% |
Housing Supply in Pacific Highlands Ranch, CA
How many homes are available in Pacific Highlands Ranch, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 40 | +37.9% |
Summary: The Pacific Highlands Ranch real estate market had 40 homes for sale in April 2024, a 37.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Pacific Highlands Ranch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacific Highlands Ranch, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Pacific Highlands Ranch in April 2024, up by 166.7% month-over-month. Of the 16 sold homes, 13% were sold under asking, 6% were sold at asking, and 81% were sold over asking.
Days on Market for Pacific Highlands Ranch, CA
How long does it take to sell a home in Pacific Highlands Ranch, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 10 Days | -69.2% |
Summary: Homes in Pacific Highlands Ranch had an average of 10 days on market in Apr 2024, down by 69.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pacific Highlands Ranch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Pacific Highlands Ranch; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% 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.