Shannon Gallucci, Listing Office: First Team Real Estate
Is Cardiff-By-The-Sea, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cardiff-By-The-Sea has remained a Seller's Market.
Key Takeaway
Cardiff-By-The-Sea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cardiff-By-The-Sea, CA
How much do homes in Cardiff-By-The-Sea, CA cost?
Median Sold Price
$2,242,000
$1,091/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$142,000(+6.8%)
Key Takeaway
Homes in Cardiff-By-The-Sea have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Cardiff-By-The-Sea was $2,242,000 in October 2024, up 6.8% from last year, and the median price per square foot was $1,091.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.5M | - | N/A |
| 2 Bedrooms | $960K | $1.6M | +70.8% |
| 3 Bedrooms | $1.7M | $1.7M | -1.3% |
| 4 Bedrooms | $2.2M | $2.7M | +23.1% |
| 5+ Bedrooms | $3.9M | $3.4M | -11.5% |
Summary: Cardiff-By-The-Sea housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in Cardiff-By-The-Sea, CA
How many homes are available in Cardiff-By-The-Sea, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Summary: The Cardiff-By-The-Sea real estate market had 29 homes for sale in October 2024, a 6.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 0 | -100.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Cardiff-By-The-Sea housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cardiff-By-The-Sea, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cardiff-By-The-Sea in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Cardiff-By-The-Sea, CA
How long does it take to sell a home in Cardiff-By-The-Sea, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 26 Days | +15.3% |
Summary: Homes in Cardiff-By-The-Sea had an average of 26 days on market in Oct 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cardiff-By-The-Sea are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Cardiff-By-The-Sea; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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.