Malibu Housing Update: Sales Jump, Prices Climb as New Projects Advance
Malibu, CA – March 13, 2026 – Home sales rose and median prices climbed in February, while new coastal and ADU rules move forward.
Top takeaways
- Median sale price reached about $3.7M in February, up sharply year over year.
- Homes sold faster than a year ago, with days on market trending lower.
- City officials continue updating ADU and coastal zoning rules.
Market snapshot
Malibu’s housing market posted a notable jump in February. The median sale price was roughly $3.7M, up 43.4% from a year earlier, according to Redfin. About 12 homes closed during the month, compared with four a year ago, and the typical property spent around 120 days on the market, down from 160 days last year.
Zillow’s data shows average home values around $3.1M, with more than 200 properties listed for sale at the end of January, reflecting substantial inventory at luxury price points. Realtor.com currently shows a median list price near $3.0M, underscoring the gap that can exist between asking and closed prices in high-end coastal markets.
Development and zoning
On the policy front, the City Council recently considered updates to its accessory dwelling unit ordinance to align with state housing laws and guidance from the California Department of Housing and Community Development.
At the coastal level, the California Coastal Commission’s March 11, 2026 agenda included items tied to Malibu Local Coastal Program amendments, reflecting continued adjustments to land use and zoning along the shoreline.
Meanwhile, Privé Malibu — described as the first new luxury condominium development in the city in two decades — broke ground in February, highlighting limited new supply in the coastal condo segment. (tradinggpt.pro)
What’s for sale
Current listings range from blufftop estates and Carbon Beach oceanfront homes to inland properties offering larger lots and privacy. Inventory spans ultra-luxury residences well above $10M, alongside smaller single-family homes and buildable lots positioned as rebuild or redevelopment opportunities.
With prices and inventory both elevated, buyers and sellers appear to be negotiating more deliberately than during prior peaks.
What are you seeing in your neighborhood — more showings, price cuts, or new construction activity?
Sources
https://www.redfin.com/city/11532/CA/Malibu/housing-market
https://www.zillow.com/home-values/116378/mahou-riviera-malibu-ca/
https://www.realtor.com/realestateandhomes-search/Malibu_CA
https://ca-malibu.civicplus.com/adu
https://documents.coastal.ca.gov/reports/2026/3/W11d/W11d-3-2026-report.pdf
https://www.tradinggpt.pro/market/news/67354