Is Malibu, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Malibu was a Seller's Market.
Key Takeaway
Malibu is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malibu, CA
How much do homes in Malibu, CA cost?
Median Sold Price
$3,275,600
$1,339/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Malibu have sold for 18.1% less than they did a year ago.
Summary: The median home sold price in Malibu was $3,275,600 in April 2024, down 18.1% from last year, and the median price per square foot was $1,339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | $1.0M | -25.9% |
| 2 Bedrooms | $1.7M | $1.3M | -21.4% |
| 3 Bedrooms | $2.8M | $3.1M | +10.2% |
| 4 Bedrooms | $5.0M | $3.7M | -24.5% |
| 5+ Bedrooms | $7.7M | $9.0M | +16.9% |
Summary: Malibu housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Agoura Hills-Malibu | $1.4M | $1.5M | +3.5% |
| Malibu | $4.0M | $3.2M | -18.1% |
Housing Supply in Malibu, CA
How many homes are available in Malibu, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 209 | 247 | +18.2% |
Summary: The Malibu real estate market had 247 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 28 | 29 | +3.6% |
| 3 Bedrooms | 64 | 72 | +12.5% |
| 4 Bedrooms | 49 | 60 | +22.4% |
| 5+ Bedrooms | 62 | 79 | +27.4% |
Summary: The Malibu housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 27.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malibu, you may be able to get a good deal. 92.3% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Malibu in April 2024, down by 18.8% month-over-month. Of the 13 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.
Days on Market for Malibu, CA
How long does it take to sell a home in Malibu, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 61 Days | -35.2% |
Summary: Homes in Malibu had an average of 61 days on market in Apr 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Malibu are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Malibu; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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