Is Pismo Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Pismo Beach has remained a Seller's Market.
Housing Prices in Pismo Beach, CA
How much do homes in Pismo Beach, CA cost?
Median Sold Price
$1,249,000
$733/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pismo Beach was $1,249,000 in May 2024, up 2.8% from last year, and the median price per square foot was $733.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $670K | $640K | -4.5% |
2 Bedrooms | $970K | $894K | -7.8% |
3 Bedrooms | $1.2M | $1.4M | +17.1% |
4 Bedrooms | $1.3M | $1.5M | +18.0% |
5+ Bedrooms | $1.7M | $2.4M | +43.7% |
Summary: Pismo Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 43.7%.
Median Sold Price Compared To Nearby Cities
Arroyo Grande | $880K | $1.0M | +19.3% |
Grover Beach | $725K | $799.5K | +10.3% |
Pismo Beach | $1.2M | $1.2M | +2.8% |
Housing Supply in Pismo Beach, CA
How many homes are available in Pismo Beach, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 49 | +16.7% |
Summary: The Pismo Beach real estate market had 49 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pismo Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Pismo Beach in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Pismo Beach, CA
How long does it take to sell a home in Pismo Beach, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 36 Days | +50.0% |
Summary: Homes in Pismo Beach had an average of 36 days on market in May 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Pismo Beach; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.