Is South Coast, 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, South Coast has remained a Seller's Market.
Housing Prices in South Coast, CA
How much do homes in South Coast, CA cost?
Median Sold Price
$1,106,239
$645/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in South Coast was $1,106,239 in February 2024, up 0.6% from last year, and the median price per square foot was $645.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $445K | $326K | -26.7% |
2 Bedrooms | $610.5K | $621.7K | +1.8% |
3 Bedrooms | $1.1M | $1.1M | +3.8% |
4 Bedrooms | $1.7M | $1.7M | +1.9% |
5+ Bedrooms | $2.5M | $2.5M | -1.2% |
Summary: South Coast housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Laguna Woods | $380K | $399.4K | +5.1% |
Laguna Hills | $1.0M | $1.0M | +3.6% |
Aliso Viejo | $860K | $871.1K | +1.3% |
South Coast | $1.0M | $1.1M | +0.6% |
Laguna Beach | $2.9M | $2.7M | -6.9% |
Housing Supply in South Coast, CA
How many homes are available in South Coast, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
974 | 1,012 | +3.9% |
Summary: The South Coast real estate market had 1,012 homes for sale in February 2024, a 3.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 44 | 43 | -2.3% |
2 Bedrooms | 308 | 319 | +3.6% |
3 Bedrooms | 299 | 298 | -0.3% |
4 Bedrooms | 200 | 222 | +11.0% |
5+ Bedrooms | 123 | 130 | +5.7% |
Summary: The South Coast housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
224 | 229 | +2.2% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Summary: A total of 229 homes were sold or pending in South Coast in February 2024, up by 2.2% month-over-month. Of the 229 sold homes, 46% were sold under asking, 15% were sold at asking, and 39% were sold over asking.
Days on Market for South Coast, CA
How long does it take to sell a home in South Coast, CA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 37 Days | -13.8% |
Summary: Homes in South Coast had an average of 37 days on market in Feb 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
149 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During February 2024, 229 homes were sold in South Coast; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.