$5,800,000
7,167 SqFt
6 Beds
•8 Full Baths
Lee Mintz, Listing Office: Compass
Is Pacific Palisades, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Pacific Palisades has remained a Seller's Market.
Key Takeaway
Pacific Palisades is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pacific Palisades, CA
How much do homes in Pacific Palisades, CA cost?
Median Sold Price
$3,173,333
$1,230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$373,666(-10.5%)
Key Takeaway
Homes in Pacific Palisades have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in Pacific Palisades was $3,173,333 in November 2024, down 10.5% from last year, and the median price per square foot was $1,230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $830K | $549K | -33.9% |
| 2 Bedrooms | $1.5M | $1.5M | -0.5% |
| 3 Bedrooms | $2.6M | $2.8M | +4.7% |
| 4 Bedrooms | $3.9M | $3.8M | -3.1% |
| 5+ Bedrooms | $5.9M | $6.4M | +8.5% |
Summary: Pacific Palisades housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Alphabet Streets | $3.5M | $4.1M | +15.4% |
| Brentwood | $2.5M | $2.3M | -7.1% |
| Pacific Palisades | $3.5M | $3.1M | -10.5% |
Housing Supply in Pacific Palisades, CA
How many homes are available in Pacific Palisades, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 129 | +4.0% |
Summary: The Pacific Palisades real estate market had 129 homes for sale in November 2024, a 4.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 27 | 35 | +29.6% |
| 5+ Bedrooms | 42 | 45 | +7.1% |
Summary: The Pacific Palisades 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 22.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 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. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Pacific Palisades in November 2024, up by 19.0% month-over-month. Of the 25 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -3.2% |
Summary: Homes in Pacific Palisades had an average of 36 days on market in Nov 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pacific Palisades are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Pacific Palisades; 56% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 8% 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.