Is Carmel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Carmel Valley was a Seller's Market.
Housing Prices in Carmel Valley, CA
How much do homes in Carmel Valley, CA cost?
Median Sold Price
$1,642,330
$789/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Carmel Valley was $1,642,330 in May 2024, down 0.5% from last year, and the median price per square foot was $789.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.0M | N/A |
2 Bedrooms | $1.1M | $1.4M | +33.4% |
3 Bedrooms | $1.6M | $1.5M | -4.5% |
4 Bedrooms | $2.0M | $2.4M | +19.9% |
5+ Bedrooms | $3.0M | $4.1M | +37.2% |
Summary: Carmel Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 37.2%.
Housing Supply in Carmel Valley, CA
How many homes are available in Carmel Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 61 | +24.5% |
Summary: The Carmel Valley real estate market had 61 homes for sale in May 2024, a 24.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 11 | +83.3% |
3 Bedrooms | 20 | 25 | +25.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Carmel Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Carmel Valley in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Carmel Valley, CA
How long does it take to sell a home in Carmel Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 21 Days | -71.3% |
Summary: Homes in Carmel Valley had an average of 21 days on market in May 2024, down by 71.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Carmel Valley; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.