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 February 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

$1,106,239

$645/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$6,273(+0.6%)

Key Takeaway

Homes in South Coast have sold for 0.6% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $445K$326K
-26.7%
2 $610.5K$621.7K
+1.8%
3 $1.1M$1.1M
+3.8%
4 $1.7M$1.7M
+1.9%
5+ $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
+5.1%
Laguna Hills
+3.6%
Aliso Viejo
+1.3%
South Coast
+0.6%
Laguna Beach
-6.9%

Housing Supply in South Coast, CA

How many homes are available in South Coast, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9741,012+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

# BEDSJan 2024Feb 2024CHANGE
1 4443
-2.3%
2 308319
+3.6%
3 299298
-0.3%
4 200222
+11.0%
5+ 123130
+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 2024Feb 2024CHANGE
224229+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Coast, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
43 Days37 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in South Coast, CA

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