From the beautiful landscapes & top-tier lifestyle to a thriving real estate scene, Malibu is where you want to be. Discover why residents love calling Malibu home and search homes for sale with Brian Merrick.
Median Sale Price
Median Sale Price per Sq. Ft.
Sale-to-list price ratio
Median Days on Market
The Malibu, CA housing market in October 2024 reflects a distinct shift towards favoring buyers, with key indicators pointing to declining demand relative to supply. The median listing price stands at $5.5 million, down 15.4% year-over-year, suggesting that high price points are adjusting to reflect softer demand.
Homes are taking longer to sell, averaging 90 days on the market—a notable increase from recent months—while selling, on average, at 93.95% of their list price, translating to a 6.05% discount. With 396 homes currently for sale, ranging significantly from $20,000 to $95 million, buyers have a wide selection and increased negotiating power, especially with the median sold price lower at $2.6 million.
The trend toward longer listing times and downward price adjustments highlights a cooling period in Malibu’s luxury real estate, giving buyers a prime opportunity to enter this high-end market at potentially favorable terms.
As of October 2024, Malibu's housing market exhibits low competitiveness, favoring buyers. Homes are selling at an average of 6.05% below the asking price, with a sale-to-list price ratio of 93.95%. The average time on the market has increased to 90 days, indicating a slower pace in transactions. The median listing price has declined by 15.4% year-over-year to $5.5 million, while the median sold price is $2.6 million. These factors suggest that buyers have greater leverage in negotiations, with ample inventory and reduced competition.
Nationwide, 5% of homebuyers are looking to relocate to Malibu from other metropolitan areas. Among these, homebuyers from San Francisco show the greatest interest in Malibu homes for sale, followed by those from New York and El Centro. This trend highlights Malibu as a desirable destination for those seeking a coastal lifestyle, particularly for buyers from major urban centers.
Know more about the amenities and architecture in Malibu, CA
Malibu real estate offers one of the broadest spectrums in price and style anywhere in the world. In Point Dume alone, you have the modest mobile homes on one side and royal estates on the other. Prices in Malibu range anywhere from $650,000 condos to $100 Million celebrity beachfront mansions. There is something for everyone making Malibu an exceptional place to live and a global destination for all.
Residency in Malibu combines a luxurious coastal climate with easy access to the beautiful beaches, mountains, and nearby entertainment industries. Since many of the homes in Malibu are known for their extravagance, there are some amenities that Malibu home buyers have come to expect in homes. People searching for the right Malibu house are usually looking for a lifestyle more than a property.
With so many unique and resort-tier amenities in the market, there are certain amenities that buyers have come to anticipate in homes on the market. You rarely find a house that doesn’t include a stunning view of the ocean, mountains, or skyline. The presence of a panoramic vista or exquisite overlook at some of the city’s most incredible natural attributes can immediately increase the value of a house. You’ll notice architects often incorporate floor-to-ceiling glass walls or large sliding glass doors in luxury homes.
Since it is sunny almost all year in Malibu, it’s easy to see why people like having a resort-quality swimming pool in their backyard. Some of the infinity pools you’ll see in the neighborhood would rival those at a AAA diamond resort. Even better, homeowners enjoy adding extra water features to their pool areas like jacuzzis, swim-up bars, cabanas, waterfalls, lights, and more.
Technology is synonymous with luxury and convenience. Smart homes are the way of the future, especially if the technology seamlessly integrates into the home’s best features and has a user-friendly interface.
There is nothing better than walking into your home and immediately having the lights, temperature, and ambiance preset to your preferred conditions. There are technological enhancements for just about anything, including security, door locks, heated floors, kitchen appliances, entertainment, tech gadgets, and more.
Other luxury home amenities you might find in Malibu homes include wine cellars, home theaters, privacy walls, outdoor kitchenettes, large guest houses, and game rooms.
Malibu real estate has become a beacon for architects and designers as a coastal paradise renowned for its luxury accommodations and beauty. Creatives often find plenty of inspiration from the endless azure sea stretched along the coast, the rolling mountains in the background, and the rural countryside.
Some of the most famous attributes in Malibu architecture include sliding glass doors and large windows that seamlessly integrate the inside and outside so that residents can see their natural surroundings from any room in the house. Eco-friendly architecture, open floor plans, and modernized technology are designed to emphasize the California climate and vibe.
Modern architectural styles are very prevalent throughout the city’s most significant neighborhoods. These homes embrace minimalism, combining glass, reinforced concrete, and steel. They are often sleek and functional, with large windows and unique designs that welcome natural light.
When you’re looking for the right home, luxury buyers generally want spacious kitchens with top-of-the-line applications. Opulent living requires an enviable kitchen fit for entertaining, which is why so many million-dollar homes come stocked with quality appliances and a commercial-grade kitchen. You’ll find warming drawers, restaurant-quality gadgets, storage, walk-in pantries, wine fridges, and many of these houses also boast wine cellars.
Speaking of kitchens, there is nothing better than having a full kitchen outdoors near the fire pit for the best of entertainment. Imagine having the ability to cater to guests while they relax poolside and not have to take multiple trips back into the kitchen to serve them. Outdoor gourmet kitchens often include a poolside bar and even wood-fired ovens.
When it comes to entertainment, no expense is spared on gaming and home theater rooms. These are relatively old-school attributes, but they’re still just as popular and attractive. There is nothing like settling down in your personal home theater to enjoy a film or the latest Netflix offering on a big screen in comfortable chairs with surround sound.
Mid-century modern is a sub-type best known for connecting with nature and sharp, clean lines within contemporary architecture. These homes are typically vast with large, open spaces and floor-to-ceiling windows. This style is inspired by high prairie homes, although with less decorative features.
Carroll O'Connor Estate Broad Beach
Sold for $28 million, this one-of-a-kind property on Broad Beach is a rare triple lot designed in mid-century modern architecture with Asian influences. This unique build is a stunning 4,254 square foot living area boasting oceanfront views, a beachfront office, a detached guest house, lush gardens, and a beachside volleyball court.
A state-of-the-art oceanfront modernist home on the coveted Malibu Road, 24380 Malibu Road, was sold for $13.5 million. Walk into a courtyard lined with stunning fountains and bathed in natural light with dramatic 180-degree ocean and city views. No expense was spared in the design of this multi-level property. Apart from the abundance of living space, this modern home features four bedrooms, five spa-like bathrooms, three dramatic fireplaces, and numerous spaces to entertain outdoors. It also has multiple luxury amenities like an elevator, home automation, and private beach access.
This Point Dume Bluff Estate was sold just under $9 million. Private and gated, this bluff estate is located on the highly sought-after Point Dume. From every room of the house, you can see expansive sunset views. The entire property is bathed in rich natural light and rests on approximately one acre. In the oversized entertainer’s kitchen, you’ll appreciate the large picture windows and the luxurious master suite with a spa-like bath.
This quintessential Malibu Road beachfront property boasts panoramic ocean and city lights views. It’s a warm and exceptionally well-kept house that sold for $7.5 million. In the master bedroom, you’ll be pleased to find there is a reading nook, a walk-in closet, and a large soaking tub. Then there are convertible living spaces throughout to accommodate any kind of lifestyle. There is a detached two-car garage with room for extra parking. Plus, the house has an open floor plan, a private split-level courtyard, three oceanfront bedrooms, two fireplaces, and high ceilings throughout.
Sold for $6.45 million, the Sandy La Costa Beach Home on Pacific Coast Highway presents the ultimate Malibu lifestyle in a remodeled sunny beachfront artistic home. Like many modernist homes in Malibu, this beach home boasts walls of windows so you can see breathtaking views of the ocean at any time of day. The open ground-level flows seamlessly with the curated interiors, including a spectacular dining room and a chef’s kitchen. Upstairs you will discover an oceanfront master suite with a fireplace, spa tub, and waterfall shower, and two other bedrooms with accompanying baths.
This $4.9 million house is custom-designed by longtime Canyon architect Scott Prentice. Retaining the charm of a true California bungalow and New England character, the Santa Monica Canyon home is a unique and beautiful property. With white oak floors throughout the house, a wood-burning fireplace, and a sleeping porch, this house is an extravagant treasure that genuinely harnesses everything about Malibu that makes it great.
Whether you're looking for beachfront luxury or a rustic home in a serene and naturally beautiful landscape, Malibu has it all. Boasting a divine mixture of coastline and mountains, Malibu combines the best of both worlds into one resort-like destination. It doesn't matter where you live in the city; you'll always be near a park or beach, many of which are within walking distance of the most popular neighborhoods.
Places like the historic Malibu Pier offer an exceptional variety of shops and restaurants, while Solstice Canyon and Trancas Canyon are ideal for hiking and mountain biking. Malibu is also home to one of the best beaches in the world, the famous Paradise Cove. There is no shortage of entertainment, and things to do in the city either as Malibu has an incredible array of boutiques, designer stores, specialty shops, and community festivities like the International Malibu Film Festival and the Chili Cook-Off. Beyond that, living in Malibu is like living in the lap of luxury.
What more could you ask for in your dream home between the beachfront homes and panoramic ocean views? Local architects use a classic touch when designing houses. You'll notice that most homes are constructed in a rustic style or even in the Italian Renaissance vein.
Dreaming of life by the beach in Malibu? Our Malibu, CA Neighborhood Guide is the perfect starting point to explore the stunning coastal communities, luxury amenities, and unique lifestyle that Malibu has to offer. Whether you're looking for serene oceanfront living or vibrant local culture, this guide will help you discover the ideal neighborhood. Dive in and start exploring Malibu today!