$3,950,000
2,613 SqFt
4 Beds
•3 Full Baths
Marc De Longeville, Listing Office: Sotheby's International Realty
Is Pacific Palisades, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pacific Palisades was a Seller's Market.
Key Takeaway
Pacific Palisades is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pacific Palisades, CA
How much do homes in Pacific Palisades, CA cost?
Median Sold Price
$3,132,500
$1,193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$389,500(-11.1%)
Key Takeaway
Homes in Pacific Palisades have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in Pacific Palisades was $3,132,500 in October 2024, down 11.1% from last year, and the median price per square foot was $1,193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $887K | $554.5K | -37.5% |
| 2 Bedrooms | $1.5M | $1.5M | -0.7% |
| 3 Bedrooms | $2.7M | $2.7M | +0.8% |
| 4 Bedrooms | $3.9M | $3.7M | -6.9% |
| 5+ Bedrooms | $6.0M | $6.3M | +6.4% |
Summary: Pacific Palisades housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Alphabet Streets | $3.6M | $4.3M | +16.7% |
| Pacific Palisades | $3.5M | $3.1M | -11.1% |
| Brentwood | $2.6M | $2.2M | -16.0% |
Housing Supply in Pacific Palisades, CA
How many homes are available in Pacific Palisades, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 130 | 142 | +9.2% |
Summary: The Pacific Palisades real estate market had 142 homes for sale in October 2024, a 9.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 48 | 49 | +2.1% |
Summary: The Pacific Palisades housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 2.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacific Palisades, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Pacific Palisades in October 2024, up by 11.1% month-over-month. Of the 20 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Pacific Palisades, CA
How long does it take to sell a home in Pacific Palisades, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -8.6% |
Summary: Homes in Pacific Palisades had an average of 37 days on market in Oct 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pacific Palisades has remained consistent over time.
Summary: During October 2024, 20 homes were sold in Pacific Palisades; 45% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 5% 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.