Is La Jolla, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Jolla is a seller's market

Buyer's
Market

Difference Since June 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

$2,217,000

$1,039/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$279,000(+14.4%)

Key Takeaway

Homes in La Jolla have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in La Jolla was $2,217,000 in June 2024, up 14.4% from last year, and the median price per square foot was $1,039.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $597K$623.5K
+4.4%
2 $1.0M$1.0M
-3.2%
3 $2.2M$2.3M
+1.9%
4 $3.2M$3.1M
-1.6%
5+ $4.5M$5.4M
+20.3%

Summary: La Jolla housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

La Jolla
+14.4%
San Diego
+9.0%
Del Mar
+8.0%

Housing Supply in La Jolla, CA

How many homes are available in La Jolla, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
202231+14.4%

Summary: The La Jolla real estate market had 231 homes for sale in June 2024, a 14.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1816
-11.1%
2 4756
+19.1%
3 5560
+9.1%
4 4050
+25.0%
5+ 4249
+16.7%

Summary: The La Jolla housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
4544-2.2%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Jolla, you may be able to get a good deal. 70.5% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in La Jolla in June 2024, down by 2.2% month-over-month. Of the 44 sold homes, 70% were sold under asking, 5% were sold at asking, and 25% 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

Jun 2023Jun 2024CHANGE
31 Days29 Days-6.4%

Summary: Homes in La Jolla had an average of 29 days on market in Jun 2024, down by 6.4% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 44 homes were sold in La Jolla; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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 24 Days Ago

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