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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacifica is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Pacifica, CA

How much do homes in Pacifica, CA cost?

Median Sold Price

$1,250,000

$845/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,000(-1.2%)

Key Takeaway

Homes in Pacifica have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Pacifica was $1,250,000 in November 2024, down 1.2% from last year, and the median price per square foot was $845.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$875K
N/A
2 $780K$840K
+7.7%
3 $1.2M$1.2M
-0.6%
4 $1.4M$1.4M
+2.6%
5+ $1.7M$1.5M
-11.9%

Summary: Pacifica 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 increased by 7.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Cities

South San Francisco
+7.2%
Daly City
+1.8%
San Bruno
+1.2%
Pacifica
-1.2%

Housing Supply in Pacifica, CA

How many homes are available in Pacifica, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8063-21.3%

Summary: The Pacifica real estate market had 63 homes for sale in November 2024, a 21.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1212
0.0%
3 4128
-31.7%
4 1918
-5.3%
5+ 64
-33.3%

Summary: The Pacifica housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 31.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2618-30.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacifica, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Pacifica in November 2024, down by 30.8% month-over-month. Of the 18 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for Pacifica, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days31 Days+27.9%

Summary: Homes in Pacifica had an average of 31 days on market in Nov 2024, up by 27.9% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pacifica are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in Pacifica; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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 21 Days Ago

Newest Listings in Pacifica, CA

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