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.
Key Takeaway
Carmel Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
The sold price of homes in Carmel Valley has remained the same since last year.
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
Key Takeaway
If you're buying a home in Carmel Valley, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
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
Key Takeaway
Many homes in Carmel Valley are selling fast, if you're buying plan to act quickly.
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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.