Is Pismo Beach, 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, Pismo Beach has remained a Seller's Market.
Housing Prices in Pismo Beach, CA
How much do homes in Pismo Beach, CA cost?
Median Sold Price
$1,275,000
$752/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pismo Beach was $1,275,000 in April 2024, up 6.3% from last year, and the median price per square foot was $752.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $831K | $635K | -23.6% |
2 Bedrooms | $965.5K | $900K | -6.8% |
3 Bedrooms | $1.2M | $1.4M | +18.1% |
4 Bedrooms | $1.3M | $1.5M | +10.8% |
5+ Bedrooms | $1.7M | $2.4M | +43.7% |
Summary: Pismo Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.6%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 43.7%.
Median Sold Price Compared To Nearby Cities
Arroyo Grande | $850K | $1.0M | +22.1% |
Grover Beach | $725K | $775K | +6.9% |
Pismo Beach | $1.2M | $1.2M | +6.3% |
Housing Supply in Pismo Beach, CA
How many homes are available in Pismo Beach, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 42 | -12.5% |
Summary: The Pismo Beach real estate market had 42 homes for sale in April 2024, a 12.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Pismo Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Pismo Beach in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Pismo Beach, CA
How long does it take to sell a home in Pismo Beach, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 81 Days | +325.0% |
Summary: Homes in Pismo Beach had an average of 81 days on market in Apr 2024, up by 325% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Pismo Beach; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.