Is Central Coast, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$1,880,436
$987/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Coast was $1,880,436 in May 2024, up 16.8% from last year, and the median price per square foot was $987.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $587.5K | $688K | +17.1% |
2 Bedrooms | $981K | $1.0M | +9.6% |
3 Bedrooms | $1.4M | $1.6M | +17.9% |
4 Bedrooms | $2.3M | $2.8M | +25.1% |
5+ Bedrooms | $3.8M | $4.5M | +15.8% |
Summary: Central Coast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
Central Coast | $1.6M | $1.8M | +16.8% |
Irvine | $1.2M | $1.4M | +14.2% |
Newport Beach | $3.0M | $3.4M | +13.9% |
Costa Mesa | $1.1M | $1.3M | +12.5% |
Corona Del Mar | $3.5M | $3.7M | +5.6% |
Housing Supply in Central Coast, CA
How many homes are available in Central Coast, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
711 | 749 | +5.3% |
Summary: The Central Coast real estate market had 749 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 24 | +4.3% |
2 Bedrooms | 112 | 123 | +9.8% |
3 Bedrooms | 238 | 247 | +3.8% |
4 Bedrooms | 185 | 185 | 0.0% |
5+ Bedrooms | 153 | 170 | +11.1% |
Summary: The Central Coast housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
170 | 181 | +6.5% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
67 Homes Were Sold
Over Asking
Summary: A total of 181 homes were sold or pending in Central Coast in May 2024, up by 6.5% month-over-month. Of the 181 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 19 Days | -48.5% |
Summary: Homes in Central Coast had an average of 19 days on market in May 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
151 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 181 homes were sold in Central Coast; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.