Is Del Mar, 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, Del Mar was a Seller's Market.
Housing Prices in Del Mar, CA
How much do homes in Del Mar, CA cost?
Median Sold Price
$2,583,000
$1,243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Del Mar was $2,583,000 in May 2024, up 1.8% from last year, and the median price per square foot was $1,243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.0M | $1.8M | +65.7% |
2 Bedrooms | $1.0M | $1.6M | +61.7% |
3 Bedrooms | $2.2M | $2.4M | +8.4% |
4 Bedrooms | $3.2M | $4.1M | +30.5% |
5+ Bedrooms | $4.9M | $3.3M | -33.3% |
Summary: Del Mar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.7%, 2 bedroom homes increased by 61.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 30.5%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Cities
Solana Beach | $1.6M | $1.9M | +12.6% |
San Diego | $850.1K | $921.7K | +8.4% |
Del Mar | $2.5M | $2.5M | +1.8% |
Housing Supply in Del Mar, CA
How many homes are available in Del Mar, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 76 | +13.4% |
Summary: The Del Mar real estate market had 76 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Del Mar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Del Mar in May 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Del Mar, CA
How long does it take to sell a home in Del Mar, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 39 Days | +73.9% |
Summary: Homes in Del Mar had an average of 39 days on market in May 2024, up by 73.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Del Mar; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.