Is Pismo Beach, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pismo Beach is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Pismo Beach has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pismo Beach, CA

How much do homes in Pismo Beach, CA cost?

Median Sold Price

$1,175,000

$714/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$50,000(-4.1%)

Key Takeaway

Homes in Pismo Beach have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Pismo Beach was $1,175,000 in February 2024, down 4.1% from last year, and the median price per square foot was $714.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $630K$635K
+0.8%
2 $979.5K$900K
-8.1%
3 $1.3M$1.3M
+1.2%
4 $1.3M$1.4M
+13.7%
5+ $1.7M$2.0M
+17.6%

Summary: Pismo Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Cities

Arroyo Grande
+27.8%
Grover Beach
+7.5%
Pismo Beach
-4.1%

Housing Supply in Pismo Beach, CA

How many homes are available in Pismo Beach, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3947+20.5%

Summary: The Pismo Beach real estate market had 47 homes for sale in February 2024, a 20.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 43
-25.0%
2 910
+11.1%
3 2025
+25.0%
4 26
+200.0%
5+ 43
-25.0%

Summary: The Pismo Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
411+175.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pismo Beach, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Pismo Beach in February 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.

Days on Market for Pismo Beach, CA

How long does it take to sell a home in Pismo Beach, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
36 Days53 Days+47.9%

Summary: Homes in Pismo Beach had an average of 53 days on market in Feb 2024, up by 47.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 11 homes were sold in Pismo Beach; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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

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