Pacific Palisades, CA

Pacific Palisades

In 2024, Pacific Palisades' average transaction reached over $19M, up 25% compared to the previous year, but well under the 2022 market peak. Overall, the market has seen dramatic price movement along with other markets in the greater Los Angeles region. Compared to the first year of our reporting, prices have risen 56% over 10 years.

Highlights

• Average sales prices are up 25% YoY

• DOM are up 50% compared to the previous year

• If sold after more than 180 DOM, sellers sell at large discounts to the listing price

In Pacific Palisades, it pays to sell faster

Compared to other Southern California luxury markets, top properties in Pacific Palisades are a little less expensive. They also tend to sell somewhat faster than the regional and US average, with Pacific Palisades properties spending an average of 251 Days On Market (DOM). 

Despite this, the market sees a clear divide between sellers who sell their property rapidly and those who wait longer. Those selling in under 180 days can expect to sell at 93% of their initial listing price. Those who wait longer, however, don’t only take longer to sell, but will also settle on lower valuations, at an average of 25% less than the listing price.