Are Home Prices Rising in Pacifica? How Fast Are Homes Selling? Here's What the Data Shows.
By Cynthia Pagán, Legacy Real Estate
Pacifica continues to attract buyers looking for more space, coastal access, and a strong sense of community while remaining within commuting distance of both San Francisco and Silicon Valley. But what is actually happening in the market right now?
What Is the Median Home Price in Pacifica?
The median closed sale price in May was $1,340,000, while the average sale price reached $1,387,092.
Homes sold from a low of $700,000 to a high of $2,500,000, demonstrating the wide range of housing options available throughout Pacifica's neighborhoods.
Key Takeaway
A median price of $1.34 million places Pacifica below many San Francisco neighborhoods while still offering detached homes, larger lots, and proximity to the coast. For many buyers, that value proposition continues to drive demand.
Are Homes Selling Above Asking Price?
Yes.
The average sold home closed at 100.53% of the original list price, meaning sellers generally achieved slightly more than their asking price.
Even more notable:
Homes that sold within 30 days averaged 105.45% of list price
Homes with a cumulative market time under 30 days averaged 105.72% of list price
70% of single family homes sold over list
What This Means
Well-prepared, accurately priced homes continue to generate competition. Buyers are still willing to pay premiums for desirable properties, particularly those that are move-in ready and priced strategically.
How Long Are Homes Taking to Sell in Pacifica?
The median Days on Market (DOM) was 15 days, while the average was 22 days.
Breaking it down further:
Time on Market
Number of Sales
Percentage
0–30 Days
21
84%
31–60 Days
2
8%
61–90 Days
2
8%
Key Takeaway
More than four out of five homes sold within the first month. That's a strong indicator that buyers remain active and decisive when attractive homes become available.
Is Pacifica a Buyer's Market or Seller's Market?
Based on May's data, Pacifica remains a seller-leaning market, although conditions vary by price point and property condition.
Several indicators support this conclusion:
Most homes sold within 30 days.
The average sale exceeded the list price.
Pending sales remain strong relative to active inventory.
Inventory levels remain relatively modest.
That said, buyers are becoming more selective. Homes requiring significant updates or priced aggressively may spend longer on the market than turnkey properties.
What Is the Price Per Square Foot in Pacifica?
The median closed price per square foot in May was $803 per square foot, while the average was $841 per square foot.
However, buyers should be careful when comparing homes solely on a price-per-square-foot basis. Ocean views, lot size, walkability, neighborhood location, condition, and floor plan can create significant differences between otherwise similar properties.
What Are Buyers Looking For in Pacifica?
While every transaction is unique, homes that continue to perform well generally share several characteristics:
Updated kitchens and baths
Functional floor plans
Outdoor entertaining space
Coastal views
Home office flexibility
Proximity to schools, trails, and beaches
Many buyers relocating from San Francisco continue to prioritize additional space and outdoor living without sacrificing access to the city.
Pacifica Market Outlook
The spring market remained active through May, with strong pricing, quick absorption, and a high percentage of homes selling within the first month. Inventory has increased compared with earlier periods, giving buyers more choices, but demand continues to support home values.
As we move into summer, sellers who prepare their homes thoughtfully and price them appropriately are still seeing favorable results, while buyers benefit from a wider selection than was available earlier in the year.
Statistical Summary
Property Type Residential City Pacifica
Listing Statuses
Active
Pending
Closed
Other
Total
29
16
25
8
78
Aggregate Statistics
Minimum
Average
Median
Maximum
Tot. Val.
2
3
3
6
1
2
2
6
830
1,678
1,542
5,070
0.02
0.16
0.13
1.25
851
6,858
5,536
54,386
1930
1972
1965
2025
$700,000
$1,344,553
$1,247,000
$4,358,000
$419.11
$831.13
$823.49
$1,334.62
$3,490,502.70
$12,344,399.55
$9,774,839.06
$40,898,284.37
$700,000
$1,387,092
$1,340,000
$2,500,000
$34,677,300
$558.82
$840.83
$803.17
$1,265.31
$4,290,513.22
$12,244,281.78
$9,873,600.00
$37,691,813.47
0
22
15
216
0
29
16
216
*Calculations for this field only use listings with valid values; listings with blank or zero values are excluded
DOM Statistics for Closed Listings
# of Listings
% of Total
SP % LP
21
84
105.45
2
8
95.84
2
8
100.29
0
0
0
0
25
100
100.53
CDOM Statistics for Closed Listings
# of Listings
% of Total
SP % LP
20
80.00
105.72
3
12.00
96.79
2
8.00
100.29
0
0.00
0
0.00
25
100
100.93
Cynthia Pagán Legacy Real Estate | CP Sells City To Sea 📞 (415) 317-0589 📧 [email protected] DRE 01932426
