$10,000 Closing Credit*
$999,000
1,777 SqFt
3 Beds
•2 Full Baths
Michelle Hammons, Listing Office: Compass
Is Pajaro, 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, Pajaro was a Seller's Market.
Key Takeaway
Pajaro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pajaro, CA
How much do homes in Pajaro, CA cost?
Median Sold Price
$830,000
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$95,000(-10.3%)
Key Takeaway
Homes in Pajaro have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Pajaro was $830,000 in October 2024, down 10.3% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $300K | -58.3% |
| 2 Bedrooms | $661.2K | $644.2K | -2.6% |
| 3 Bedrooms | $939K | $927.3K | -1.2% |
| 4 Bedrooms | $988K | $932K | -5.7% |
| 5+ Bedrooms | $815K | - | N/A |
Summary: Pajaro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.3%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Castroville | $855K | $932.5K | +9.1% |
| Watsonville | $775K | $825K | +6.5% |
| Pajaro | $925K | $830K | -10.3% |
Housing Supply in Pajaro, CA
How many homes are available in Pajaro, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Summary: The Pajaro real estate market had 31 homes for sale in October 2024, a 29.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pajaro 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 increased by 20%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pajaro, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Pajaro in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Pajaro, CA
How long does it take to sell a home in Pajaro, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 52 Days | +612.8% |
Summary: Homes in Pajaro had an average of 52 days on market in Oct 2024, up by 612.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pajaro are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Pajaro; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.