$108,000,000
12,981 SqFt
10 Beds
•14 Full Baths, 3 Partial
Brett Dickinson, Listing Office: Compass
Is La Jolla, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, La Jolla was a Seller's Market.
Key Takeaway
La Jolla is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in La Jolla, CA
How much do homes in La Jolla, CA cost?
Median Sold Price
$2,238,750
$1,057/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$338,766(+17.8%)
Key Takeaway
Homes in La Jolla have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in La Jolla was $2,238,750 in September 2024, up 17.8% from last year, and the median price per square foot was $1,057.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $610K | $630K | +3.3% |
| 2 Bedrooms | $1.0M | $1.1M | +11.8% |
| 3 Bedrooms | $2.0M | $2.3M | +14.2% |
| 4 Bedrooms | $3.1M | $3.1M | 0.0% |
| 5+ Bedrooms | $4.6M | $5.4M | +16.4% |
Summary: La Jolla housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16.4%.
Housing Supply in La Jolla, CA
How many homes are available in La Jolla, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 218 | 229 | +5.0% |
Summary: The La Jolla real estate market had 229 homes for sale in September 2024, a 5.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 15 | +25.0% |
| 2 Bedrooms | 59 | 57 | -3.4% |
| 3 Bedrooms | 51 | 62 | +21.6% |
| 4 Bedrooms | 52 | 51 | -1.9% |
| 5+ Bedrooms | 44 | 44 | 0.0% |
Summary: The La Jolla housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 21.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 49 | 34 | -30.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 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. 70.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in La Jolla in September 2024, down by 30.6% month-over-month. Of the 34 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 44 Days | +96.2% |
Summary: Homes in La Jolla had an average of 44 days on market in Sep 2024, up by 96.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Jolla are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 34 homes were sold in La Jolla; 65% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 21% 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.