Is La Jolla, 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, La Jolla has remained a Seller's Market.
Key Takeaway
La Jolla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Jolla, CA
How much do homes in La Jolla, CA cost?
Median Sold Price
$2,062,500
$1,016/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in La Jolla have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in La Jolla was $2,062,500 in April 2024, up 5.9% from last year, and the median price per square foot was $1,016.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $613.5K | $623.5K | +1.6% |
| 2 Bedrooms | $1.1M | $997K | -9.4% |
| 3 Bedrooms | $2.3M | $2.2M | -5.5% |
| 4 Bedrooms | $3.1M | $3.2M | +1.6% |
| 5+ Bedrooms | $4.6M | $4.7M | +2.7% |
Summary: La Jolla housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in La Jolla, CA
How many homes are available in La Jolla, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 161 | 170 | +5.6% |
Summary: The La Jolla real estate market had 170 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 14 | +55.6% |
| 2 Bedrooms | 36 | 33 | -8.3% |
| 3 Bedrooms | 51 | 54 | +5.9% |
| 4 Bedrooms | 41 | 38 | -7.3% |
| 5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The La Jolla housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 36 | -12.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Jolla, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in La Jolla in April 2024, down by 12.2% month-over-month. Of the 36 sold homes, 61% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for La Jolla, CA
How long does it take to sell a home in La Jolla, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +58.0% |
Summary: Homes in La Jolla had an average of 25 days on market in Apr 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Jolla are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in La Jolla; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.