$4,995,000
2,260 SqFt
2 Beds
•2 Full Baths
Lisa Saver, Listing Office: Sotheby's International Realty
Is Malibu Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Malibu Park has remained a Buyer's Market.
Key Takeaway
Malibu Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malibu Park, CA
How much do homes in Malibu Park, CA cost?
Median Sold Price
$6,710,000
$1,843/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$560,000(+9.1%)
Key Takeaway
Homes in Malibu Park have sold for 9.1% more than they did a month ago.
Summary: The median home sold price in Malibu Park was $6,710,000 in November 2024, up 9.1% from last month, and the median price per square foot was $1,843.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $6.1M | $5.6M | -8.3% |
| 5+ Bedrooms | - | $18.4M | N/A |
Summary: Malibu Park housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes did not change.
Housing Supply in Malibu Park, CA
How many homes are available in Malibu Park, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Malibu Park real estate market had 31 homes for sale in November 2024, a 6.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Malibu Park 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 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malibu Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Malibu Park in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Malibu Park, CA
How long does it take to sell a home in Malibu Park, CA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 54 Days | +13.2% |
Summary: Homes in Malibu Park had an average of 54 days on market in Nov 2024, up by 13.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Malibu Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Malibu Park; 33% of homes were sold within 30 days, 33% 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.