$5,688 Closing Credit*
$479,000
460 SqFt
Studio
•1 Full Bath
Chris Jensen, Listing Office: Christen Jensen, Broker
Is Pacific Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pacific Beach was a Seller's Market.
Key Takeaway
Pacific Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pacific Beach, CA
How much do homes in Pacific Beach, CA cost?
Median Sold Price
$1,477,500
$1,002/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$153,500(+11.6%)
Key Takeaway
Homes in Pacific Beach have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Pacific Beach was $1,477,500 in November 2024, up 11.6% from last year, and the median price per square foot was $1,002.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $545.6K | $610K | +11.8% |
| 2 Bedrooms | $1.0M | $1.0M | +2.9% |
| 3 Bedrooms | $1.6M | $1.7M | +7.1% |
| 4 Bedrooms | $2.1M | $2.2M | +0.8% |
| 5+ Bedrooms | $2.3M | $2.9M | +24.4% |
Summary: Pacific Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 24.4%.
Housing Supply in Pacific Beach, CA
How many homes are available in Pacific Beach, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 92 | -5.2% |
Summary: The Pacific Beach real estate market had 92 homes for sale in November 2024, a 5.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 33 | 27 | -18.2% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Pacific Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 13 | -53.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacific Beach, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Pacific Beach in November 2024, down by 53.6% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for Pacific Beach, CA
How long does it take to sell a home in Pacific Beach, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 25 Days | 0.3% |
Summary: Homes in Pacific Beach had an average of 25 days on market in Nov 2024, up by 0.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pacific Beach are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Pacific Beach; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% 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.