Is Dana Point, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dana Point is a seller's market

Buyer's
Market

Difference Since February 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

$1,585,000

$881/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$41,666(+2.7%)

Key Takeaway

Homes in Dana Point have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Dana Point was $1,585,000 in February 2024, up 2.7% from last year, and the median price per square foot was $881.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $605K$580K
-4.1%
2 $1.0M$978K
-10.9%
3 $1.7M$1.6M
-5.7%
4 $2.0M$1.9M
-7.0%
5+ $3.5M$3.7M
+5.7%

Summary: Dana Point housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

San Juan Capistrano
+7.1%
San Clemente
+4.9%
Laguna Niguel
+2.8%
Dana Point
+2.7%
Capistrano Beach
-8.1%

Housing Supply in Dana Point, CA

How many homes are available in Dana Point, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
119131+10.1%

Summary: The Dana Point real estate market had 131 homes for sale in February 2024, a 10.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 2027
+35.0%
3 4648
+4.3%
4 3736
-2.7%
5+ 1619
+18.8%

Summary: The Dana Point housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1827+50.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dana Point, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Dana Point in February 2024, up by 50.0% month-over-month. Of the 27 sold homes, 48% were sold under asking, 19% 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

Feb 2023Feb 2024CHANGE
21 Days39 Days+78.2%

Summary: Homes in Dana Point had an average of 39 days on market in Feb 2024, up by 78.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dana Point are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 27 homes were sold in Dana Point; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Dana Point, CA

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