Is Laguna Beach, 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, Laguna Beach was a Seller's Market.
Key Takeaway
Laguna Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Laguna Beach, CA
How much do homes in Laguna Beach, CA cost?
Median Sold Price
$2,905,000
$1,527/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Laguna Beach have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Laguna Beach was $2,905,000 in May 2024, up 3.6% from last year, and the median price per square foot was $1,527.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | $1.3M | -18.0% |
| 2 Bedrooms | $1.8M | $2.0M | +11.2% |
| 3 Bedrooms | $2.8M | $2.8M | -0.2% |
| 4 Bedrooms | $4.0M | $4.2M | +5.9% |
| 5+ Bedrooms | $5.1M | $6.4M | +25.8% |
Summary: Laguna Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Laguna Woods | $377.2K | $415.2K | +10.1% |
| South Coast | $1.0M | $1.1M | +9.3% |
| Aliso Viejo | $841.2K | $900K | +7.0% |
| Laguna Niguel | $1.2M | $1.2M | +6.8% |
| Laguna Beach | $2.8M | $2.9M | +3.6% |
Housing Supply in Laguna Beach, CA
How many homes are available in Laguna Beach, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 180 | 193 | +7.2% |
Summary: The Laguna Beach real estate market had 193 homes for sale in May 2024, a 7.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 35 | 41 | +17.1% |
| 3 Bedrooms | 57 | 66 | +15.8% |
| 4 Bedrooms | 66 | 64 | -3.0% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Laguna Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laguna Beach, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Laguna Beach in May 2024, down by 3.4% month-over-month. Of the 28 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Laguna Beach, CA
How long does it take to sell a home in Laguna Beach, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 86 Days | +28.9% |
Summary: Homes in Laguna Beach had an average of 86 days on market in May 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laguna Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Laguna Beach; 43% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.