Is New 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, New Encinitas has remained a Seller's Market.
Housing Prices in New Encinitas, CA
How much do homes in New Encinitas, CA cost?
Median Sold Price
$1,331,250
$802/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Encinitas was $1,331,250 in April 2024, up 11.4% from last year, and the median price per square foot was $802.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $529K | $524.8K | -0.8% |
2 Bedrooms | $710K | $777.5K | +9.5% |
3 Bedrooms | $1.1M | $1.2M | +10.2% |
4 Bedrooms | $1.5M | $1.6M | +6.0% |
5+ Bedrooms | $1.8M | $2.0M | +12.3% |
Summary: New Encinitas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in New Encinitas, CA
How many homes are available in New Encinitas, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 33 | 0.0% |
Summary: The New Encinitas real estate market had 33 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The New Encinitas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in New Encinitas in April 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and 42% were sold over asking.
Days on Market for New Encinitas, CA
How long does it take to sell a home in New Encinitas, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 6 Days | -66.3% |
Summary: Homes in New Encinitas had an average of 6 days on market in Apr 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in New Encinitas; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.