$10,000 Closing Credit*
$1,795,000
2,430 SqFt
3 Beds
•2 Full Baths, 1 Partial
Mark Lafferty, Listing Office: Keller Williams Tri-Valley
Is Half Moon Bay, 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, Half Moon Bay has remained a Seller's Market.
Key Takeaway
Half Moon Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Half Moon Bay, CA
How much do homes in Half Moon Bay, CA cost?
Median Sold Price
$1,710,000
$782/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$113,500(+7.1%)
Key Takeaway
Homes in Half Moon Bay have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Half Moon Bay was $1,710,000 in October 2024, up 7.1% from last year, and the median price per square foot was $782.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $550K | N/A |
| 2 Bedrooms | $877K | $801K | -8.7% |
| 3 Bedrooms | $1.4M | $1.5M | +5.9% |
| 4 Bedrooms | $1.7M | $1.9M | +6.8% |
| 5+ Bedrooms | $2.0M | $2.8M | +43.6% |
Summary: Half Moon Bay 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 decreased by 8.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 43.6%.
Housing Supply in Half Moon Bay, CA
How many homes are available in Half Moon Bay, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 43 | 0.0% |
Summary: The Half Moon Bay real estate market had 43 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Half Moon Bay 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 18.2%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Half Moon Bay, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Half Moon Bay in October 2024, down by 30.8% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Half Moon Bay, CA
How long does it take to sell a home in Half Moon Bay, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +34.3% |
Summary: Homes in Half Moon Bay had an average of 31 days on market in Oct 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
7 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 Half Moon Bay are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Half Moon Bay; 78% of homes were sold within 30 days, 11% 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.