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 October 2023

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.

Housing Prices in Encinitas, CA

How much do homes in Encinitas, CA cost?

Median Sold Price

$1,800,000

$944/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$101,500(+6.0%)

Key Takeaway

Homes in Encinitas have sold for 6% more than they did a year ago.

Summary: The median home sold price in Encinitas was $1,800,000 in October 2024, up 6% from last year, and the median price per square foot was $944.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $865K$547.5K
-36.7%
2 $902.5K$1.0M
+18.6%
3 $1.4M$1.4M
+4.5%
4 $2.1M$2.5M
+19.0%
5+ $3.0M$3.4M
+9.9%

Summary: Encinitas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Cities

Carlsbad
+14.1%
Solana Beach
+10.9%
Oceanside-Escondido
+6.4%
Encinitas
+6.0%
San Marcos
+5.5%

Housing Supply in Encinitas, CA

How many homes are available in Encinitas, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
153148-3.3%

Summary: The Encinitas real estate market had 148 homes for sale in October 2024, a 3.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 1614
-12.5%
3 5044
-12.0%
4 5054
+8.0%
5+ 3131
0.0%

Summary: The Encinitas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4036-10.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

5 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Encinitas in October 2024, down by 10.0% month-over-month. Of the 36 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% were sold over asking.

Days on Market for Encinitas, CA

How long does it take to sell a home in Encinitas, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days36 Days+33.7%

Summary: Homes in Encinitas had an average of 36 days on market in Oct 2024, up by 33.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 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.

Summary: During October 2024, 36 homes were sold in Encinitas; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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 13 Days Ago

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