Is 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
Since last year, Del Mar has remained a Seller's Market.
Housing Prices in Del Mar, CA
How much do homes in Del Mar, CA cost?
Median Sold Price
$2,700,000
$1,246/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Del Mar was $2,700,000 in June 2024, up 8% from last year, and the median price per square foot was $1,246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | $1.6M | +26.1% |
2 Bedrooms | $1.0M | $1.7M | +67.5% |
3 Bedrooms | $2.2M | $2.5M | +11.8% |
4 Bedrooms | $3.2M | $3.8M | +20.3% |
5+ Bedrooms | $4.3M | $3.9M | -8.6% |
Summary: Del Mar housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 67.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
Solana Beach | $1.6M | $1.9M | +15.3% |
San Diego | $852.8K | $929.8K | +9.0% |
Del Mar | $2.5M | $2.7M | +8.0% |
Housing Supply in Del Mar, CA
How many homes are available in Del Mar, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
65 | 75 | +15.4% |
Summary: The Del Mar real estate market had 75 homes for sale in June 2024, a 15.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Del Mar housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Del Mar in June 2024, up by 15.4% month-over-month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Del Mar, CA
How long does it take to sell a home in Del Mar, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 28 Days | +18.8% |
Summary: Homes in Del Mar had an average of 28 days on market in Jun 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 15 homes were sold in Del Mar; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.