Is Pebble Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pebble Beach was a Seller's Market.
Key Takeaway
Pebble Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pebble Beach, CA
How much do homes in Pebble Beach, CA cost?
Median Sold Price
$2,705,000
$1,222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pebble Beach have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Pebble Beach was $2,705,000 in March 2024, up 1.4% from last year, and the median price per square foot was $1,222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279K | - | N/A |
| 2 Bedrooms | $1.2M | $1.5M | +18.1% |
| 3 Bedrooms | $2.2M | $2.4M | +7.6% |
| 4 Bedrooms | $4.2M | $3.1M | -26.6% |
| 5+ Bedrooms | $8.8M | $5.5M | -38.0% |
Summary: Pebble Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes decreased by 38%.
Median Sold Price Compared To Nearby Cities
| Seaside-Monterey | $998.4K | $1.0M | +8.3% |
| Pacific Grove | $1.3M | $1.4M | +2.0% |
| Pebble Beach | $2.6M | $2.7M | +1.4% |
| Monterey | $1.0M | $1.0M | 0.5% |
Housing Supply in Pebble Beach, CA
How many homes are available in Pebble Beach, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 38 | +18.8% |
Summary: The Pebble Beach real estate market had 38 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Pebble Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pebble Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pebble Beach in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Pebble Beach, CA
How long does it take to sell a home in Pebble Beach, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +11.1% |
Summary: Homes in Pebble Beach had an average of 37 days on market in Mar 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pebble Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Pebble Beach; 50% of homes were sold within 30 days, 50% 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.