$10,000 Closing Credit*
$1,137,700
1,642 SqFt
2 Beds
•2 Full Baths, 1 Partial
Taylor Johnson, Listing Office: ACME Real Estate
Is Del Rey, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Del Rey has remained a Seller's Market.
Key Takeaway
Del Rey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Del Rey, CA
How much do homes in Del Rey, CA cost?
Median Sold Price
$1,305,000
$854/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+0.4%)
Key Takeaway
The sold price of homes in Del Rey has remained the same since last year.
Summary: The median home sold price in Del Rey was $1,305,000 in October 2024, up 0.4% from last year, and the median price per square foot was $854.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $620.2K | $657.5K | +6.0% |
| 2 Bedrooms | $1.1M | $1.1M | -1.9% |
| 3 Bedrooms | $1.3M | $1.4M | 0.5% |
| 4 Bedrooms | $1.6M | $1.9M | +12.8% |
| 5+ Bedrooms | $2.3M | $1.9M | -13.7% |
Summary: Del Rey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in Del Rey, CA
How many homes are available in Del Rey, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 119 | +17.8% |
Summary: The Del Rey real estate market had 119 homes for sale in October 2024, a 17.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 43 | 55 | +27.9% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Del Rey housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 31 | +47.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Del Rey, you could pay more than the asking price. 48.4% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Del Rey in October 2024, up by 47.6% month-over-month. Of the 31 sold homes, 45% were sold under asking, 6% were sold at asking, and 48% were sold over asking.
Days on Market for Del Rey, CA
How long does it take to sell a home in Del Rey, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 41 Days | +20.3% |
Summary: Homes in Del Rey had an average of 41 days on market in Oct 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Del Rey are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Del Rey; 61% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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.