Is South Coast, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Coast is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, South Coast has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Coast, CA

How much do homes in South Coast, CA cost?

Median Sold Price

$1,110,572

$655/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$22,670(+2.1%)

Key Takeaway

Homes in South Coast have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in South Coast was $1,110,572 in March 2024, up 2.1% from last year, and the median price per square foot was $655.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $440K$338.9K
-23.0%
2 $605.5K$634.2K
+4.7%
3 $1.1M$1.1M
+4.2%
4 $1.7M$1.7M
+2.6%
5+ $2.5M$2.5M
-0.9%

Summary: South Coast housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Cities

Laguna Woods
+7.6%
Laguna Hills
+4.4%
South Coast
+2.1%
Aliso Viejo
+1.5%
Laguna Beach
-1.7%

Housing Supply in South Coast, CA

How many homes are available in South Coast, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,0681,132+6.0%

Summary: The South Coast real estate market had 1,132 homes for sale in March 2024, a 6.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 4951
+4.1%
2 346379
+9.5%
3 315300
-4.8%
4 229252
+10.0%
5+ 129150
+16.3%

Summary: The South Coast housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
235285+21.3%

Asking Price vs. Sold Price

122 Homes Were Sold
Under Asking

46 Homes Were Sold
At Asking

117 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Coast, you may be able to get a good deal. 42.8% of homes here sold below asking price last month.

Summary: A total of 285 homes were sold or pending in South Coast in March 2024, up by 21.3% month-over-month. Of the 285 sold homes, 43% were sold under asking, 16% were sold at asking, and 41% 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

Mar 2023Mar 2024CHANGE
41 Days29 Days-28.4%

Summary: Homes in South Coast had an average of 29 days on market in Mar 2024, down by 28.4% compared to last year.

Breakdown of Home Sale Times

200 Homes Were Sold
Under 30 Days

53 Homes Were Sold
In 30 - 90 Days

32 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 285 homes were sold in South Coast; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% 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 24 Days Ago

Newest Listings in South Coast, CA

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