Is Dana Point, 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, Dana Point has remained a Seller's Market.
Key Takeaway
Dana Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dana Point, CA
How much do homes in Dana Point, CA cost?
Median Sold Price
$1,596,866
$885/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dana Point have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Dana Point was $1,596,866 in March 2024, up 4.6% from last year, and the median price per square foot was $885.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $610K | $565K | -7.4% |
| 2 Bedrooms | $1.0M | $992K | -8.6% |
| 3 Bedrooms | $1.6M | $1.6M | -2.5% |
| 4 Bedrooms | $2.0M | $1.8M | -6.0% |
| 5+ Bedrooms | $3.0M | $3.9M | +27.9% |
Summary: Dana Point housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 27.9%.
Median Sold Price Compared To Nearby Cities
| Dana Point | $1.5M | $1.5M | +4.6% |
| San Clemente | $1.5M | $1.6M | +4.6% |
| San Juan Capistrano | $1.2M | $1.2M | +3.8% |
| Laguna Niguel | $1.2M | $1.2M | +2.5% |
| Capistrano Beach | $1.7M | $1.5M | -8.7% |
Housing Supply in Dana Point, CA
How many homes are available in Dana Point, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 148 | +11.3% |
Summary: The Dana Point real estate market had 148 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 55 | 59 | +7.3% |
| 4 Bedrooms | 33 | 37 | +12.1% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Dana Point 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 increased by 16%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dana Point, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Dana Point in March 2024, down by 3.6% month-over-month. Of the 27 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Dana Point, CA
How long does it take to sell a home in Dana Point, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 29 Days | -35.0% |
Summary: Homes in Dana Point had an average of 29 days on market in Mar 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dana Point are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Dana Point; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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.