Is Pacific, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacific is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Pacific has remained a Seller's Market.

Key Takeaway

Pacific is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pacific, CA

How much do homes in Pacific, CA cost?

Median Sold Price

$482,500

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,000(+9.5%)

Key Takeaway

Homes in Pacific have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Pacific was $482,500 in November 2024, up 9.5% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260K-
N/A
2 $404.5K$400K
-1.1%
3 $447K$490K
+9.6%
4 $450K$491K
+9.1%
5+ $488K$520K
+6.6%

Summary: Pacific housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Neighborhoods

Pacific
+9.5%
DRNAG
+7.3%

Housing Supply in Pacific, CA

How many homes are available in Pacific, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2123+9.5%

Summary: The Pacific real estate market had 23 homes for sale in November 2024, a 9.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 66
0.0%
4 88
0.0%
5+ 12
+100.0%

Summary: The Pacific 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacific, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Pacific in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.

Days on Market for Pacific, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days41 Days+20.9%

Summary: Homes in Pacific had an average of 41 days on market in Nov 2024, up by 20.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pacific has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Pacific; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 Pacific, CA

Nearby Markets to Pacific, CA