$3,999,000
3,644 SqFt
6 Beds
•3 Full Baths
Chris Adlam, Listing Office: Vista Sotheby's International Realty
Is Lunada Bay / Margate, 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, Lunada Bay / Margate has remained a Seller's Market.
Key Takeaway
Lunada Bay / Margate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lunada Bay / Margate, CA
How much do homes in Lunada Bay / Margate, CA cost?
Median Sold Price
$2,775,000
$914/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$375,000(+15.6%)
Key Takeaway
Homes in Lunada Bay / Margate have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Lunada Bay / Margate was $2,775,000 in October 2024, up 15.6% from last year, and the median price per square foot was $914.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $742.5K | $925K | +24.6% |
| 3 Bedrooms | $2.0M | $1.9M | -3.1% |
| 4 Bedrooms | $2.4M | $3.0M | +24.4% |
| 5+ Bedrooms | $3.4M | $4.3M | +25.0% |
Summary: Lunada Bay / Margate 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 24.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Neighborhoods
| Lunada Bay / Margate | $2.4M | $2.7M | +15.6% |
| Los Verdes | $1.6M | $1.8M | +11.3% |
| West Palos Verdes | $2.2M | $2.2M | +3.5% |
| Monte Malaga | $3.9M | $3.9M | +1.3% |
Housing Supply in Lunada Bay / Margate, CA
How many homes are available in Lunada Bay / Margate, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The Lunada Bay / Margate real estate market had 30 homes for sale in October 2024, a 20.0% increase 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Lunada Bay / Margate 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 increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lunada Bay / Margate, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lunada Bay / Margate in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lunada Bay / Margate, CA
How long does it take to sell a home in Lunada Bay / Margate, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 49 Days | +94.0% |
Summary: Homes in Lunada Bay / Margate had an average of 49 days on market in Oct 2024, up by 94% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lunada Bay / Margate are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Lunada Bay / Margate; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.