Is North 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, North Coast has remained a Seller's Market.
Key Takeaway
North Coast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Coast, CA
How much do homes in North Coast, CA cost?
Median Sold Price
$1,121,153
$665/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Coast have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in North Coast was $1,121,153 in May 2024, up 10.6% from last year, and the median price per square foot was $665.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $428K | +22.3% |
| 2 Bedrooms | $582.2K | $600K | +3.0% |
| 3 Bedrooms | $1.0M | $1.1M | +12.7% |
| 4 Bedrooms | $1.2M | $1.3M | +7.8% |
| 5+ Bedrooms | $1.4M | $1.5M | +11.0% |
Summary: North Coast housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Westminster | $896K | $1.0M | +14.1% |
| North Coast | $1.0M | $1.1M | +10.6% |
| Garden Grove | $805K | $887.7K | +10.3% |
| Huntington Beach | $1.1M | $1.2M | +8.5% |
| Midway City | $872.5K | $915K | +4.9% |
Housing Supply in North Coast, CA
How many homes are available in North Coast, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 765 | 739 | -3.4% |
Summary: The North Coast real estate market had 739 homes for sale in May 2024, a 3.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 70 | 70 | 0.0% |
| 2 Bedrooms | 196 | 196 | 0.0% |
| 3 Bedrooms | 214 | 199 | -7.0% |
| 4 Bedrooms | 208 | 203 | -2.4% |
| 5+ Bedrooms | 77 | 71 | -7.8% |
Summary: The North Coast 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 remained the same, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 7.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 241 | 224 | -7.1% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Coast, you could pay more than the asking price. 39.7% of homes here sold above asking price last month.
Summary: A total of 224 homes were sold or pending in North Coast in May 2024, down by 7.1% month-over-month. Of the 224 sold homes, 38% were sold under asking, 23% were sold at asking, and 40% were sold over asking.
Days on Market for North Coast, CA
How long does it take to sell a home in North Coast, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -19.9% |
Summary: Homes in North Coast had an average of 22 days on market in May 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
174 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Coast are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 224 homes were sold in North Coast; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% 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.