Is Del Rey Oaks, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Del Rey Oaks is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Del Rey Oaks has remained a Seller's Market.

Key Takeaway

Del Rey Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Del Rey Oaks, CA

How much do homes in Del Rey Oaks, CA cost?

Median Sold Price

$900,000

$727/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$45,000(+5.3%)

Key Takeaway

Homes in Del Rey Oaks have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Del Rey Oaks was $900,000 in September 2024, up 5.3% from last year, and the median price per square foot was $727.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $532K$555K
+4.3%
2 $713K$705K
-1.1%
3 $950K$1.0M
+5.8%
4 $1.2M$980K
-20.6%
5+ $1.1M-
N/A

Summary: Del Rey Oaks housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Seaside
+14.3%
Monterey
+7.0%
Seaside-Monterey
+6.3%
Del Rey Oaks
+5.3%

Housing Supply in Del Rey Oaks, CA

How many homes are available in Del Rey Oaks, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
34+33.3%

Summary: The Del Rey Oaks real estate market had 4 homes for sale in September 2024, a 33.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 11
0.0%
3 01
+100.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Del Rey Oaks housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Del Rey Oaks, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Del Rey Oaks in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Del Rey Oaks, CA

How long does it take to sell a home in Del Rey Oaks, CA?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Del Rey Oaks are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Del Rey Oaks; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Del Rey Oaks, CA

Nearby Markets to Del Rey Oaks, CA

What housing markets are near Del Rey Oaks, CA?