Is North Coast, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Coast is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Coast was a Seller's Market.

Key Takeaway

North Coast is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in North Coast, CA

How much do homes in North Coast, CA cost?

Median Sold Price

$944,000

$650/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,500(+1.6%)

Key Takeaway

Homes in North Coast have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in North Coast was $944,000 in November 2024, up 1.6% from last year, and the median price per square foot was $650.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $578.5K$620K
+7.2%
2 $799K$795K
-0.5%
3 $1.0M$995K
-0.5%
4 $1.4M$1.4M
-4.5%
5+ $1.6M$1.4M
-10.0%

Summary: North Coast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Cities

Cambria
+8.6%
Morro Bay
+3.0%
North Coast
+1.6%
Cayucos
-3.4%

Housing Supply in North Coast, CA

How many homes are available in North Coast, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
200171-14.5%

Summary: The North Coast real estate market had 171 homes for sale in November 2024, a 14.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1010
0.0%
2 5347
-11.3%
3 9883
-15.3%
4 3024
-20.0%
5+ 97
-22.2%

Summary: The North Coast 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 decreased by 11.3%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5127-47.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Coast, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in North Coast in November 2024, down by 47.1% month-over-month. Of the 27 sold homes, 78% were sold under asking, 7% were sold at asking, and 15% were sold over asking.

Days on Market for North Coast, CA

How long does it take to sell a home in North Coast, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days46 Days+8.7%

Summary: Homes in North Coast had an average of 46 days on market in Nov 2024, up by 8.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Coast has remained consistent over time.

Summary: During November 2024, 27 homes were sold in North Coast; 33% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in North Coast, CA

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