$2,725,000
0.13 Acres
Land
Mike Oconnell, Listing Office: Coastside Associates Real Estate
Is Pacifica, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$861/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-0.8%)
Key Takeaway
Homes in Pacifica have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Pacifica was $1,250,000 in October 2024, down 0.8% from last year, and the median price per square foot was $861.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $760K | $875K | +15.1% |
| 2 Bedrooms | $790K | $857.5K | +8.5% |
| 3 Bedrooms | $1.2M | $1.2M | -1.2% |
| 4 Bedrooms | $1.4M | $1.4M | +3.4% |
| 5+ Bedrooms | $1.7M | $1.5M | -12.1% |
Summary: Pacifica housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 12.1%.
Median Sold Price Compared To Nearby Cities
| South San Francisco | $1.1M | $1.2M | +7.5% |
| Daly City | $1.1M | $1.1M | +2.4% |
| San Bruno | $1.2M | $1.2M | -0.4% |
| Pacifica | $1.2M | $1.2M | -0.8% |
Housing Supply in Pacifica, CA
How many homes are available in Pacifica, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 85 | -1.2% |
Summary: The Pacifica real estate market had 85 homes for sale in October 2024, a 1.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 48 | 44 | -8.3% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Pacifica housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacifica, you could pay more than the asking price. 76% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Pacifica in October 2024, down by 21.9% month-over-month. Of the 25 sold homes, 24% were sold under asking, 0% were sold at asking, and 76% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 23 Days | -21.8% |
Summary: Homes in Pacifica had an average of 23 days on market in Oct 2024, down by 21.8% compared to last year.
Breakdown of Home Sale Times
19 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 Pacifica are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Pacifica; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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