$10,000 Closing Credit*
$999,000
786 SqFt
1 Bed
•1 Full Bath, 1 Partial
Herb Leary, Listing Office: Leary Estates
Is Malibu, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Malibu was a Neutral Market.
Key Takeaway
Malibu is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malibu, CA
How much do homes in Malibu, CA cost?
Median Sold Price
$3,500,000
$1,281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$435,000(+14.2%)
Key Takeaway
Homes in Malibu have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Malibu was $3,500,000 in November 2024, up 14.2% from last year, and the median price per square foot was $1,281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $2.1M | +90.9% |
| 2 Bedrooms | $1.4M | $1.3M | -7.4% |
| 3 Bedrooms | $3.0M | $2.2M | -27.3% |
| 4 Bedrooms | $3.6M | $4.3M | +18.2% |
| 5+ Bedrooms | $8.2M | $7.1M | -13.2% |
Summary: Malibu housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.9%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Malibu | $3.0M | $3.5M | +14.2% |
| Agoura Hills-Malibu | $1.4M | $1.5M | +5.5% |
Housing Supply in Malibu, CA
How many homes are available in Malibu, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 248 | 270 | +8.9% |
Summary: The Malibu real estate market had 270 homes for sale in November 2024, a 8.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 35 | 38 | +8.6% |
| 3 Bedrooms | 69 | 72 | +4.3% |
| 4 Bedrooms | 65 | 70 | +7.7% |
| 5+ Bedrooms | 76 | 87 | +14.5% |
Summary: The Malibu housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 14.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
13 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 Malibu, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Malibu in November 2024, up by 45.5% month-over-month. Of the 16 sold homes, 81% were sold under asking, 6% were sold at asking, and 13% were sold over asking.
Days on Market for Malibu, CA
How long does it take to sell a home in Malibu, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 89 Days | +117.5% |
Summary: Homes in Malibu had an average of 89 days on market in Nov 2024, up by 117.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Malibu are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 16 homes were sold in Malibu; 13% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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