$10,000 Closing Credit*
$899,000
1,208 SqFt
2 Beds
•1 Full Bath, 1 Partial
Bobby Graham, Listing Office: Personalized RE
Is Del Mar, 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, Del Mar was a Seller's Market.
Key Takeaway
Del Mar 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 Del Mar, CA
How much do homes in Del Mar, CA cost?
Median Sold Price
$2,900,000
$1,230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$317,000(+12.3%)
Key Takeaway
Homes in Del Mar have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Del Mar was $2,900,000 in November 2024, up 12.3% from last year, and the median price per square foot was $1,230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | $1.6M | +13.9% |
| 2 Bedrooms | $1.5M | $1.5M | +1.7% |
| 3 Bedrooms | $2.2M | $2.9M | +30.6% |
| 4 Bedrooms | $4.0M | $3.0M | -25.9% |
| 5+ Bedrooms | $3.5M | $5.2M | +45.4% |
Summary: Del Mar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes increased by 45.4%.
Median Sold Price Compared To Nearby Cities
| Del Mar | $2.5M | $2.9M | +12.3% |
| San Diego | $881.1K | $948.8K | +7.7% |
| Solana Beach | $1.8M | $1.8M | 0.0% |
Housing Supply in Del Mar, CA
How many homes are available in Del Mar, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The Del Mar real estate market had 44 homes for sale in November 2024, a 4.8% increase 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Del Mar 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 7.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Del Mar, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Del Mar in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Del Mar, CA
How long does it take to sell a home in Del Mar, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 34 Days | +102.9% |
Summary: Homes in Del Mar had an average of 34 days on market in Nov 2024, up by 102.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Del Mar are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Del Mar; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.