Is Pacifica, 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, Pacifica has remained a Seller's Market.
Housing Prices in Pacifica, CA
How much do homes in Pacifica, CA cost?
Median Sold Price
$1,259,425
$833/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pacifica was $1,259,425 in March 2024, down 3.1% from last year, and the median price per square foot was $833.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $825K | $1.1M | +36.5% |
2 Bedrooms | $959K | $780K | -18.7% |
3 Bedrooms | $1.2M | $1.2M | -3.5% |
4 Bedrooms | $1.5M | $1.4M | -5.1% |
5+ Bedrooms | $1.7M | $1.7M | -2.3% |
Summary: Pacifica housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.5%, 2 bedroom homes decreased by 18.7%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
Montara | $1.5M | $1.5M | +0.6% |
San Bruno | $1.2M | $1.2M | -1.5% |
South San Francisco | $1.2M | $1.2M | -2.2% |
Daly City | $1.1M | $1.1M | -2.6% |
Pacifica | $1.3M | $1.2M | -3.1% |
Housing Supply in Pacifica, CA
How many homes are available in Pacifica, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 52 | +4.0% |
Summary: The Pacifica 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 | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 26 | 23 | -11.5% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Pacifica housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Pacifica in March 2024, down by 11.8% month-over-month. Of the 14 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for Pacifica, CA
How long does it take to sell a home in Pacifica, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 25 Days | -52.8% |
Summary: Homes in Pacifica had an average of 25 days on market in Mar 2024, down by 52.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Pacifica; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.