Is Pismo Beach, 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, Pismo Beach has remained a Seller's Market.
Key Takeaway
Pismo Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pismo Beach, CA
How much do homes in Pismo Beach, CA cost?
Median Sold Price
$1,249,000
$733/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pismo Beach have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Pismo Beach was $1,249,000 in May 2024, up 2.8% from last year, and the median price per square foot was $733.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $670K | $640K | -4.5% |
| 2 Bedrooms | $970K | $894K | -7.8% |
| 3 Bedrooms | $1.2M | $1.4M | +17.1% |
| 4 Bedrooms | $1.3M | $1.5M | +18.0% |
| 5+ Bedrooms | $1.7M | $2.4M | +43.7% |
Summary: Pismo Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 43.7%.
Median Sold Price Compared To Nearby Cities
| Arroyo Grande | $880K | $1.0M | +19.3% |
| Grover Beach | $725K | $799.5K | +10.3% |
| Pismo Beach | $1.2M | $1.2M | +2.8% |
Housing Supply in Pismo Beach, CA
How many homes are available in Pismo Beach, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Summary: The Pismo Beach real estate market had 49 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pismo Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pismo Beach, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Pismo Beach in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Pismo Beach, CA
How long does it take to sell a home in Pismo Beach, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 36 Days | +50.0% |
Summary: Homes in Pismo Beach had an average of 36 days on market in May 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pismo Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Pismo Beach; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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.