Is Half Moon Bay, 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, Half Moon Bay has remained a Seller's Market.
Housing Prices in Half Moon Bay, CA
How much do homes in Half Moon Bay, CA cost?
Median Sold Price
$1,650,000
$721/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Half Moon Bay was $1,650,000 in April 2024, up 8% from last year, and the median price per square foot was $721.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $550K | N/A |
2 Bedrooms | $865K | $875K | +1.2% |
3 Bedrooms | $1.4M | $1.4M | +4.9% |
4 Bedrooms | $1.8M | $2.0M | +7.5% |
5+ Bedrooms | $2.9M | $2.1M | -25.7% |
Summary: Half Moon Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 25.7%.
Housing Supply in Half Moon Bay, CA
How many homes are available in Half Moon Bay, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Summary: The Half Moon Bay real estate market had 44 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Half Moon Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Half Moon Bay in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Half Moon Bay, CA
How long does it take to sell a home in Half Moon Bay, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 63 Days | +28.1% |
Summary: Homes in Half Moon Bay had an average of 63 days on market in Apr 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Half Moon Bay; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.