Is Central Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Coast has remained a Seller's Market.
Housing Prices in Central Coast, CA
How much do homes in Central Coast, CA cost?
Median Sold Price
$1,861,249
$975/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Coast was $1,861,249 in April 2024, up 15.3% from last year, and the median price per square foot was $975.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $590K | $685K | +16.1% |
2 Bedrooms | $1.0M | $1.0M | +5.0% |
3 Bedrooms | $1.3M | $1.6M | +20.2% |
4 Bedrooms | $2.2M | $2.7M | +17.6% |
5+ Bedrooms | $3.9M | $4.3M | +12.0% |
Summary: Central Coast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
Central Coast | $1.6M | $1.8M | +15.3% |
Costa Mesa | $1.1M | $1.3M | +12.4% |
Irvine | $1.2M | $1.4M | +10.6% |
Newport Beach | $3.0M | $3.3M | +9.5% |
Corona Del Mar | $3.6M | $3.7M | +3.6% |
Housing Supply in Central Coast, CA
How many homes are available in Central Coast, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
642 | 695 | +8.3% |
Summary: The Central Coast real estate market had 695 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 22 | +57.1% |
2 Bedrooms | 112 | 112 | 0.0% |
3 Bedrooms | 211 | 236 | +11.8% |
4 Bedrooms | 167 | 172 | +3.0% |
5+ Bedrooms | 138 | 153 | +10.9% |
Summary: The Central Coast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
162 | 166 | +2.5% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 166 homes were sold or pending in Central Coast in April 2024, up by 2.5% month-over-month. Of the 166 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% were sold over asking.
Days on Market for Central Coast, CA
How long does it take to sell a home in Central Coast, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 37 Days | +3.8% |
Summary: Homes in Central Coast had an average of 37 days on market in Apr 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During April 2024, 166 homes were sold in Central Coast; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.