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 June 2023
At the same time last year, Corona Del Mar was a Seller's Market.
Housing Prices in Corona Del Mar, CA
How much do homes in Corona Del Mar, CA cost?
Median Sold Price
$3,800,000
$1,741/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Corona Del Mar was $3,800,000 in June 2024, up 7% from last year, and the median price per square foot was $1,741.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | $1.5M | +16.7% |
2 Bedrooms | $2.2M | $2.5M | +8.8% |
3 Bedrooms | $3.4M | $3.6M | +3.4% |
4 Bedrooms | $4.9M | $5.1M | +5.5% |
5+ Bedrooms | $5.1M | $6.5M | +27.5% |
Summary: Corona Del Mar housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
Central Coast | $1.6M | $1.8M | +16.0% |
Newport Beach | $3.0M | $3.4M | +11.7% |
Corona Del Mar | $3.5M | $3.8M | +7.0% |
Housing Supply in Corona Del Mar, CA
How many homes are available in Corona Del Mar, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
101 | 108 | +6.9% |
Summary: The Corona Del Mar real estate market had 108 homes for sale in June 2024, a 6.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 33 | 36 | +9.1% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Corona Del Mar housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Corona Del Mar in June 2024, up by 23.1% month-over-month. Of the 16 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
37 Days | 52 Days | +38.4% |
Summary: Homes in Corona Del Mar had an average of 52 days on market in Jun 2024, up by 38.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 16 homes were sold in Corona Del Mar; 31% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.