Is Encinitas, 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, Encinitas has remained a Seller's Market.
Housing Prices in Encinitas, CA
How much do homes in Encinitas, CA cost?
Median Sold Price
$1,750,595
$908/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Encinitas was $1,750,595 in April 2024, up 4.4% from last year, and the median price per square foot was $908.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $570K | $697.3K | +22.3% |
2 Bedrooms | $1.0M | $970K | -3.5% |
3 Bedrooms | $1.4M | $1.4M | -2.2% |
4 Bedrooms | $2.2M | $2.2M | +1.6% |
5+ Bedrooms | $2.9M | $3.2M | +7.0% |
Summary: Encinitas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Solana Beach | $1.7M | $1.9M | +11.2% |
San Marcos | $859.9K | $914K | +6.3% |
Carlsbad | $1.3M | $1.4M | +5.9% |
Oceanside-Escondido | $837.3K | $882.1K | +5.3% |
Encinitas | $1.6M | $1.7M | +4.4% |
Housing Supply in Encinitas, CA
How many homes are available in Encinitas, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
141 | 157 | +11.3% |
Summary: The Encinitas real estate market had 157 homes for sale in April 2024, a 11.3% 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 | 21 | 21 | 0.0% |
3 Bedrooms | 49 | 50 | +2.0% |
4 Bedrooms | 48 | 56 | +16.7% |
5+ Bedrooms | 19 | 26 | +36.8% |
Summary: The Encinitas 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 remained the same, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 36.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Encinitas in April 2024, the same as the previous month. Of the 38 sold homes, 42% were sold under asking, 18% were sold at asking, and 39% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 21 Days | +28.6% |
Summary: Homes in Encinitas had an average of 21 days on market in Apr 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Encinitas; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.