$2,595,000
1,540 SqFt
2 Beds
•2 Full Baths
BambacePetersonTeam, Listing Office: Compass
Is Carmel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Carmel Valley was a Neutral Market.
Key Takeaway
Carmel Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carmel Valley, CA
How much do homes in Carmel Valley, CA cost?
Median Sold Price
$1,697,500
$803/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+2.9%)
Key Takeaway
Homes in Carmel Valley have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Carmel Valley was $1,697,500 in November 2024, up 2.9% from last year, and the median price per square foot was $803.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $720K | -33.6% |
| 2 Bedrooms | $1.4M | $1.5M | +7.7% |
| 3 Bedrooms | $1.5M | $1.6M | +8.3% |
| 4 Bedrooms | $2.0M | $2.2M | +12.4% |
| 5+ Bedrooms | $4.0M | $3.0M | -23.4% |
Summary: Carmel Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.6%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 23.4%.
Housing Supply in Carmel Valley, CA
How many homes are available in Carmel Valley, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 59 | -3.3% |
Summary: The Carmel Valley real estate market had 59 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Carmel Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Carmel Valley, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Carmel Valley in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Carmel Valley, CA
How long does it take to sell a home in Carmel Valley, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 118 Days | +66.2% |
Summary: Homes in Carmel Valley had an average of 118 days on market in Nov 2024, up by 66.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Carmel Valley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Carmel Valley; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.