Half Moon Bay Housing Market Report – March 2026
Here's a look at how the Half Moon Bay, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 12
- Median Sale Price: $947,000
- Average Sale Price: $1,196,917
- Average Price Per Sq Ft: $665
- Average Days on Market: 95
- Sale-to-List Price Ratio: 98.6%
Month-Over-Month Trends
Compared to February, the median sale price in Half Moon Bay moved 31.4% down (from $1,380,000 to $947,000). The number of homes sold was 0.0% down compared to the prior month (12 vs. 12). Average days on market shifted 7.8% down (103 days to 95 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 31.3% down (from $1,377,500 to $947,000). Sales volume is 33.3% down year-over-year.
What This Means
Half Moon Bay's real estate market is cooling noticeably as we move into spring. The median price has plummeted 31% both month-over-month and year-over-year, dropping to $947,000 from over $1.37 million just a year ago. This significant pullback likely reflects broader California market pressures, including elevated mortgage rates that have persisted through early 2026, making coastal properties less affordable for many buyers. While sales volume held steady at 12 homes this month, the year-over-year decline of 33% suggests buyer activity is genuinely softening, not just temporarily paused.
The positive news is that homes are moving faster now, with average days on market improving from 103 to 95 days. Properties are also selling closer to asking price at 98.6%, indicating that while prices have adjusted downward, there's still reasonable market balance. However, the 68 active listings with a median ask price of $1.375 million tells us sellers haven't fully accepted these lower valuations yet. This gap between seller expectations and buyer willingness suggests we may see continued price pressure in coming months as inventory sits longer.
Half Moon Bay Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94019 | 12 | $947,000 | $665 | 95 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 5 | $1,950,000 | $912 |
| MOBILE | 3 | $465,000 | $290 |
| TOWNHOMES | 3 | $946,000 | $683 |
| CONDOS | 1 | $549,000 | $504 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 2 |
| $750K+ | 8 |
Current Active Listings
As of this report, there are 68 active listings in Half Moon Bay with a median asking price of $1,375,000 and an average of 110 days on market.
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