Is Carmel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Carmel Valley has remained a Seller's Market.
Housing Prices in Carmel Valley, CA
How much do homes in Carmel Valley, CA cost?
Median Sold Price
$1,650,000
$748/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Carmel Valley was $1,650,000 in March 2024, up 2.6% from last year, and the median price per square foot was $748.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.0M | N/A |
2 Bedrooms | $1.1M | $1.4M | +26.2% |
3 Bedrooms | $1.6M | $1.5M | -6.1% |
4 Bedrooms | $2.0M | $2.3M | +13.6% |
5+ Bedrooms | $5.3M | $3.1M | -41.5% |
Summary: Carmel Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 41.5%.
Housing Supply in Carmel Valley, CA
How many homes are available in Carmel Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 49 | +28.9% |
Summary: The Carmel Valley real estate market had 49 homes for sale in March 2024, a 28.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Carmel Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Carmel Valley in March 2024, up by 200.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 72 Days | +36.0% |
Summary: Homes in Carmel Valley had an average of 72 days on market in Mar 2024, up by 36% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Carmel Valley; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.