Laguna Beach, CA Real Estate & Homes for Sale

In December 2024, Laguna Beach experienced a notable surge in home prices, with a 13.8% increase compared to the previous year. The median home price reached $3.2 million, reflecting strong demand in this desirable coastal market. Homes in Laguna Beach took an average of 84 days to sell, slightly longer than the 79 days recorded the year before, indicating a marginal cooling in market pace despite rising prices. A total of 22 homes were sold in December, marking an uptick from the 18 sales recorded during the same month last year, suggesting a robust buyer interest and sustained activity in the luxury real estate sector.

Laguna Beach is characterized by a relatively low level of market competition. On average, homes take about 96.5 days to sell, with multiple offers being uncommon. Most properties sell for approximately 5% below the list price and typically go under contract within 97 days. However, in the case of "hot homes," which generate higher interest, the dynamics shift slightly—these properties tend to sell for about 2% below the list price and go under contract in a shorter timeframe of around 54 days. This indicates that while the overall market leans towards a slower pace, standout properties still capture buyer attention relatively quickly.

In December 2024, Laguna Beach, CA, was a buyer's market, signifying that the supply of homes exceeded the demand. This market condition typically provides buyers with more options and greater negotiating power, often leading to lower competition for properties and the potential for sellers to accept offers below the asking price. Buyers in this environment can take their time exploring options and securing favorable terms, making it an opportune time for those looking to invest in this scenic coastal community.