Is South Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,175,726
$682/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in South Coast was $1,175,726 in June 2024, up 9.6% from last year, and the median price per square foot was $682.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $432.5K | $367.5K | -15.0% |
2 Bedrooms | $597.2K | $662.3K | +10.9% |
3 Bedrooms | $1.1M | $1.2M | +7.7% |
4 Bedrooms | $1.6M | $1.8M | +11.6% |
5+ Bedrooms | $2.4M | $2.6M | +8.0% |
Summary: South Coast housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
South Coast | $1.0M | $1.1M | +9.6% |
Laguna Woods | $381.8K | $415.7K | +8.9% |
Aliso Viejo | $845K | $900K | +6.5% |
Laguna Beach | $2.8M | $2.9M | +3.6% |
Laguna Hills | $1.1M | $1.1M | +1.0% |
Housing Supply in South Coast, CA
How many homes are available in South Coast, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,333 | 1,323 | -0.8% |
Summary: The South Coast real estate market had 1,323 homes for sale in June 2024, a 0.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 48 | 51 | +6.3% |
2 Bedrooms | 445 | 419 | -5.8% |
3 Bedrooms | 371 | 358 | -3.5% |
4 Bedrooms | 306 | 323 | +5.6% |
5+ Bedrooms | 163 | 172 | +5.5% |
Summary: The South Coast housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
342 | 297 | -13.2% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
119 Homes Were Sold
Over Asking
Summary: A total of 297 homes were sold or pending in South Coast in June 2024, down by 13.2% month-over-month. Of the 297 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 25 Days | -8.5% |
Summary: Homes in South Coast had an average of 25 days on market in Jun 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
221 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During June 2024, 297 homes were sold in South Coast; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.