Is Marina Del Rey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Marina Del Rey was a Seller's Market.
Key Takeaway
Marina Del Rey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marina Del Rey, CA
How much do homes in Marina Del Rey, CA cost?
Median Sold Price
$617,000
$492/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marina Del Rey have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Marina Del Rey was $617,000 in March 2024, down 6.5% from last year, and the median price per square foot was $492.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $532.5K | $557.5K | +4.7% |
| 2 Bedrooms | $700K | $607.5K | -13.2% |
| 3 Bedrooms | $690K | $784.4K | +13.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $2.0M | N/A |
Summary: Marina Del Rey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Marina Del Rey, CA
How many homes are available in Marina Del Rey, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Summary: The Marina Del Rey real estate market had 29 homes for sale in March 2024, a 45.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 6 | +200.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Marina Del Rey housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marina Del Rey, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Marina Del Rey in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marina Del Rey, CA
How long does it take to sell a home in Marina Del Rey, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 165 Days | +266.7% |
Summary: Homes in Marina Del Rey had an average of 165 days on market in Mar 2024, up by 266.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marina Del Rey has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Marina Del Rey; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.