Is Encinitas, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Encinitas is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Encinitas has remained a Seller's Market.

Key Takeaway

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

How much do homes in Encinitas, CA cost?

Median Sold Price

$1,749,824

$901/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$188,713(+12.1%)

Key Takeaway

Homes in Encinitas have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $425K$565K
+32.9%
2 $867.5K$955K
+10.1%
3 $1.3M$1.5M
+14.3%
4 $1.7M$2.3M
+36.3%
5+ $2.3M$3.0M
+29.7%

Median Sold Price Compared To Nearby Cities

Solana Beach
+21.7%
Carlsbad
+18.7%
Oceanside-Escondido
+15.0%
Encinitas
+12.1%
San Marcos
+10.7%

How many homes are available in Encinitas, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
143122-14.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 11
0.0%
2 2820
-28.6%
3 5043
-14.0%
4 3936
-7.7%
5+ 2522
-12.0%

Number of Homes Sold

Oct 2022Nov 2022%
4424-45.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Encinitas, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
17 Days20 Days+17.7%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Encinitas, CA

There are 122 homes are for sale in Encinitas, CA real estate market. In November 2022 in Encinitas, CA there were 14.7% less homes for sale than in October 2022. While the average time on the market in November 2022 was 20 days, the median list price was $1,749,824. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 32.9%, prices of 2 bedrooms properties increased by 10.1%, the cost of 3 bedrooms properties went up by 14.3%, prices of 4 bedrooms properties increased by 36.3%, prices of 5 bedrooms properties increased by 29.7%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, 2 bedrooms homes became 28.6% less available, 3 bedrooms homes inventory decreased by 14%, 4 bedrooms homes became 7.7% less available, 5 bedrooms homes became 12% less available. While more than 7 listings in Encinitas, CA in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 15 were sold below.

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