$3,795,000
2,729 SqFt
4 Beds
•3 Full Baths
Preston Gazowsky, Listing Office: The Beverly Hills Estates
Is Malibu, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Malibu was a Seller's 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
$1,316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$400,000(+12.9%)
Key Takeaway
Homes in Malibu have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Malibu was $3,500,000 in October 2024, up 12.9% from last year, and the median price per square foot was $1,316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $2.1M | +90.9% |
| 2 Bedrooms | $1.3M | $1.5M | +14.8% |
| 3 Bedrooms | $3.0M | $2.3M | -20.5% |
| 4 Bedrooms | $3.6M | $4.3M | +19.8% |
| 5+ Bedrooms | $8.0M | $6.8M | -15.1% |
Summary: Malibu housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.9%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Malibu | $3.1M | $3.5M | +12.9% |
| Agoura Hills-Malibu | $1.4M | $1.5M | +6.4% |
Housing Supply in Malibu, CA
How many homes are available in Malibu, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 256 | 281 | +9.8% |
Summary: The Malibu real estate market had 281 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 30 | 35 | +16.7% |
| 3 Bedrooms | 69 | 83 | +20.3% |
| 4 Bedrooms | 69 | 74 | +7.2% |
| 5+ Bedrooms | 83 | 85 | +2.4% |
Summary: The Malibu housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were 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. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Malibu in October 2024, down by 35.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 98 Days | +108.2% |
Summary: Homes in Malibu had an average of 98 days on market in Oct 2024, up by 108.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Malibu has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Malibu; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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