Is Del Rey Oaks, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Del Rey Oaks has remained a Seller's Market.
Key Takeaway
Del Rey Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Del Rey Oaks, CA
How much do homes in Del Rey Oaks, CA cost?
Median Sold Price
$935,000
$723/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Del Rey Oaks have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Del Rey Oaks was $935,000 in May 2024, up 9.4% from last year, and the median price per square foot was $723.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $539K | $540K | 0.2% |
| 2 Bedrooms | $691.5K | $720K | +4.1% |
| 3 Bedrooms | $960K | $974.5K | +1.5% |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Del Rey Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Seaside | $715K | $794.5K | +11.1% |
| Del Rey Oaks | $855K | $935K | +9.4% |
| Seaside-Monterey | $1.0M | $1.0M | +5.5% |
| Monterey | $1.0M | $1.0M | +2.9% |
Housing Supply in Del Rey Oaks, CA
How many homes are available in Del Rey Oaks, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Del Rey Oaks real estate market had 4 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Del Rey Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Del Rey Oaks, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Del Rey Oaks in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Del Rey Oaks, CA
How long does it take to sell a home in Del Rey Oaks, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 1 Day | 20 Days | +1900.0% |
Summary: Homes in Del Rey Oaks had an average of 20 days on market in May 2024, up by 1900% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Del Rey Oaks are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Del Rey Oaks; 100% of homes were sold within 30 days, 0% 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.