Is Corona 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, Corona Del Mar was a Seller's Market.
Key Takeaway
Corona Del Mar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Corona Del Mar, CA
How much do homes in Corona Del Mar, CA cost?
Median Sold Price
$3,750,000
$1,705/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Corona Del Mar have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Corona Del Mar was $3,750,000 in May 2024, up 5.6% from last year, and the median price per square foot was $1,705.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | $1.5M | +16.7% |
| 2 Bedrooms | $2.3M | $2.4M | +6.5% |
| 3 Bedrooms | $3.4M | $3.6M | +5.9% |
| 4 Bedrooms | $5.0M | $5.1M | +2.0% |
| 5+ Bedrooms | $5.1M | $6.5M | +26.2% |
Summary: Corona Del Mar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
| Central Coast | $1.6M | $1.8M | +16.8% |
| Newport Beach | $3.0M | $3.4M | +13.9% |
| Corona Del Mar | $3.5M | $3.7M | +5.6% |
Housing Supply in Corona Del Mar, CA
How many homes are available in Corona Del Mar, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 108 | -4.4% |
Summary: The Corona Del Mar real estate market had 108 homes for sale in May 2024, a 4.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The Corona 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 5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 12 | -42.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corona Del Mar, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Corona Del Mar in May 2024, down by 42.9% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Corona Del Mar, CA
How long does it take to sell a home in Corona Del Mar, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 26 Days | -63.9% |
Summary: Homes in Corona Del Mar had an average of 26 days on market in May 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Corona Del Mar are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Corona Del Mar; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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.