Is Pismo Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Pismo Beach has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $630K | $635K | +0.8% |
2 Bedrooms | $979.5K | $900K | -8.1% |
3 Bedrooms | $1.3M | $1.3M | +1.2% |
4 Bedrooms | $1.3M | $1.4M | +13.7% |
5+ Bedrooms | $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 | $810K | $1.0M | +27.8% |
Grover Beach | $710K | $763.4K | +7.5% |
Pismo Beach | $1.2M | $1.1M | -4.1% |
Housing Supply in Pismo Beach, CA
How many homes are available in Pismo Beach, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 47 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 4 | 3 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 11 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 53 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
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.