Is Pacifica, 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, Pacifica has remained a Seller's Market.
Housing Prices in Pacifica, CA
How much do homes in Pacifica, CA cost?
Median Sold Price
$1,250,000
$842/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pacifica was $1,250,000 in May 2024, down 0.3% from last year, and the median price per square foot was $842.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $760K | $1.1M | +48.2% |
2 Bedrooms | $910K | $780K | -14.3% |
3 Bedrooms | $1.2M | $1.2M | -1.6% |
4 Bedrooms | $1.4M | $1.5M | +5.4% |
5+ Bedrooms | $1.6M | $1.7M | +2.6% |
Summary: Pacifica housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.2%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
San Bruno | $1.2M | $1.2M | +0.8% |
South San Francisco | $1.1M | $1.2M | +0.7% |
Pacifica | $1.2M | $1.2M | -0.3% |
Daly City | $1.1M | $1.1M | -1.5% |
Housing Supply in Pacifica, CA
How many homes are available in Pacifica, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 80 | +29.0% |
Summary: The Pacifica real estate market had 80 homes for sale in May 2024, a 29.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 24 | 34 | +41.7% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Pacifica housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Pacifica in May 2024, up by 22.2% month-over-month. Of the 21 sold homes, 24% were sold under asking, 5% were sold at asking, and 71% were sold over asking.
Days on Market for Pacifica, CA
How long does it take to sell a home in Pacifica, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 14 Days | -20.8% |
Summary: Homes in Pacifica had an average of 14 days on market in May 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Pacifica; 95% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.