Is Malibu, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Malibu was a Seller's Market.
Housing Prices in Malibu, CA
How much do homes in Malibu, CA cost?
Median Sold Price
$3,395,000
$1,347/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Malibu was $3,395,000 in May 2024, down 8.1% from last year, and the median price per square foot was $1,347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.1M | $1.1M | -6.4% |
2 Bedrooms | $1.5M | $1.3M | -7.0% |
3 Bedrooms | $2.7M | $3.0M | +12.7% |
4 Bedrooms | $4.3M | $4.0M | -6.4% |
5+ Bedrooms | $7.9M | $8.0M | +1.2% |
Summary: Malibu housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Agoura Hills-Malibu | $1.4M | $1.5M | +9.8% |
Malibu | $3.6M | $3.3M | -8.1% |
Housing Supply in Malibu, CA
How many homes are available in Malibu, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
231 | 269 | +16.5% |
Summary: The Malibu real estate market had 269 homes for sale in May 2024, a 16.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 27 | 29 | +7.4% |
3 Bedrooms | 71 | 87 | +22.5% |
4 Bedrooms | 55 | 67 | +21.8% |
5+ Bedrooms | 71 | 79 | +11.3% |
Summary: The Malibu housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Malibu in May 2024, the same as the previous month. Of the 13 sold homes, 77% were sold under asking, 15% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 104 Days | +154.2% |
Summary: Homes in Malibu had an average of 104 days on market in May 2024, up by 154.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Malibu; 31% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.