Is Encinitas, 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, Encinitas has remained a Seller's Market.
Housing Prices in Encinitas, CA
How much do homes in Encinitas, CA cost?
Median Sold Price
$1,749,821
$923/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Encinitas was $1,749,821 in May 2024, up 6.1% from last year, and the median price per square foot was $923.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $565K | $672.5K | +19.0% |
2 Bedrooms | $980K | $1.0M | +7.8% |
3 Bedrooms | $1.4M | $1.4M | -1.8% |
4 Bedrooms | $2.0M | $2.3M | +11.2% |
5+ Bedrooms | $2.9M | $3.4M | +17.1% |
Summary: Encinitas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Solana Beach | $1.6M | $1.9M | +12.6% |
Oceanside-Escondido | $831K | $897K | +7.9% |
Carlsbad | $1.3M | $1.4M | +7.4% |
San Marcos | $870K | $925K | +6.3% |
Encinitas | $1.6M | $1.7M | +6.1% |
Housing Supply in Encinitas, CA
How many homes are available in Encinitas, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
155 | 177 | +14.2% |
Summary: The Encinitas real estate market had 177 homes for sale in May 2024, a 14.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 54 | 66 | +22.2% |
4 Bedrooms | 56 | 56 | 0.0% |
5+ Bedrooms | 22 | 31 | +40.9% |
Summary: The Encinitas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 48 | +17.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Encinitas in May 2024, up by 17.1% month-over-month. Of the 48 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% were sold over asking.
Days on Market for Encinitas, CA
How long does it take to sell a home in Encinitas, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 35 Days | +17.7% |
Summary: Homes in Encinitas had an average of 35 days on market in May 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Encinitas; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.