$5,650,000
4,820 SqFt
5 Beds
•4 Full Baths, 1 Partial
Aaron Klapper, Listing Office: eXp Realty of California, Inc.
Is Manhattan Beach Mira Costa, 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, Manhattan Beach Mira Costa has remained a Seller's Market.
Key Takeaway
Manhattan Beach Mira Costa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manhattan Beach Mira Costa, CA
How much do homes in Manhattan Beach Mira Costa, CA cost?
Median Sold Price
$2,377,500
$1,117/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$825,625(-25.8%)
Key Takeaway
Homes in Manhattan Beach Mira Costa have sold for 25.8% less than they did a month ago.
Summary: The median home sold price in Manhattan Beach Mira Costa was $2,377,500 in October 2024, down 25.8% from last month, and the median price per square foot was $1,117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $2.6M | $1.3M | -48.4% |
| 3 Bedrooms | $1.5M | $2.0M | +37.2% |
| 4 Bedrooms | $5.3M | $2.3M | -55.8% |
| 5+ Bedrooms | $4.3M | $4.7M | +9.2% |
Summary: Manhattan Beach Mira Costa housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.4%, 3 bedroom homes increased by 37.2%, 4 bedroom homes decreased by 55.8%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Manhattan Beach Mira Costa | $3.2M | $2.3M | -25.8% |
| Manhattan Beach Hill | $10.0M | $5.0M | -49.3% |
Housing Supply in Manhattan Beach Mira Costa, CA
How many homes are available in Manhattan Beach Mira Costa, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Manhattan Beach Mira Costa real estate market had 25 homes for sale in October 2024, a 16.7% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Manhattan Beach Mira Costa 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 33.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manhattan Beach Mira Costa, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Manhattan Beach Mira Costa in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Manhattan Beach Mira Costa, CA
How long does it take to sell a home in Manhattan Beach Mira Costa, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 64 Days | -14.9% |
Summary: Homes in Manhattan Beach Mira Costa had an average of 64 days on market in Oct 2024, down by 14.9% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Manhattan Beach Mira Costa has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Manhattan Beach Mira Costa; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% 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.