Is Del Rey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Del Rey has remained a Seller's Market.
Housing Prices in Del Rey, CA
How much do homes in Del Rey, CA cost?
Median Sold Price
$1,310,000
$859/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Del Rey was $1,310,000 in April 2024, the same as last year, and the median price per square foot was $859.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $705K | $625K | -11.3% |
2 Bedrooms | $1.2M | $1.1M | -2.1% |
3 Bedrooms | $1.3M | $1.3M | 0.3% |
4 Bedrooms | $1.7M | $1.8M | +2.6% |
5+ Bedrooms | $2.4M | $2.2M | -8.0% |
Summary: Del Rey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 8%.
Housing Supply in Del Rey, CA
How many homes are available in Del Rey, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 84 | +6.3% |
Summary: The Del Rey real estate market had 84 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 31 | 29 | -6.5% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Del Rey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Del Rey in April 2024, up by 33.3% month-over-month. Of the 24 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Del Rey, CA
How long does it take to sell a home in Del Rey, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 20 Days | -7.3% |
Summary: Homes in Del Rey had an average of 20 days on market in Apr 2024, down by 7.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Del Rey; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.