Is Pebble 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, Pebble Beach was a Seller's Market.
Key Takeaway
Pebble 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 Pebble Beach, CA
How much do homes in Pebble Beach, CA cost?
Median Sold Price
$2,740,000
$1,138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Pebble Beach has remained the same since last year.
Summary: The median home sold price in Pebble Beach was $2,740,000 in May 2024, up 0.3% from last year, and the median price per square foot was $1,138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.2M | $1.5M | +18.1% |
| 3 Bedrooms | $2.2M | $2.5M | +15.5% |
| 4 Bedrooms | $4.2M | $3.7M | -13.7% |
| 5+ Bedrooms | $7.5M | $5.5M | -26.7% |
Summary: Pebble Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 15.5%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Seaside-Monterey | $1.0M | $1.0M | +5.5% |
| Monterey | $1.0M | $1.0M | +2.9% |
| Pacific Grove | $1.4M | $1.4M | +1.9% |
| Pebble Beach | $2.7M | $2.7M | 0.3% |
| Carmel-by-the-Sea | $2.4M | $2.2M | -8.7% |
Housing Supply in Pebble Beach, CA
How many homes are available in Pebble Beach, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The Pebble Beach real estate market had 38 homes for sale in May 2024, a 2.7% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Pebble Beach 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 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 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 Pebble Beach, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pebble Beach in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Pebble Beach, CA
How long does it take to sell a home in Pebble Beach, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 119 Days | 36 Days | -69.0% |
Summary: Homes in Pebble Beach had an average of 36 days on market in May 2024, down by 69% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pebble Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Pebble Beach; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.