$7,469,000
4,681 SqFt
5 Beds
•6 Full Baths, 1 Partial
Klemens Ruoss, Listing Office: Berkshire Hathaway HomeService
Is La Jolla, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, La Jolla has remained a Seller's Market.
Key Takeaway
La Jolla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Jolla, CA
How much do homes in La Jolla, CA cost?
Median Sold Price
$2,250,000
$1,062/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$315,208(+16.3%)
Key Takeaway
Homes in La Jolla have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in La Jolla was $2,250,000 in December 2024, up 16.3% from last year, and the median price per square foot was $1,062.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $620K | $630K | +1.6% |
| 2 Bedrooms | $1.0M | $1.2M | +14.5% |
| 3 Bedrooms | $2.1M | $2.3M | +8.8% |
| 4 Bedrooms | $3.2M | $3.1M | -2.2% |
| 5+ Bedrooms | $4.5M | $4.8M | +7.0% |
Summary: La Jolla housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 7%.
Housing Supply in La Jolla, CA
How many homes are available in La Jolla, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 175 | 157 | -10.3% |
Summary: The La Jolla real estate market had 157 homes for sale in December 2024, a 10.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 50 | 43 | -14.0% |
| 3 Bedrooms | 46 | 40 | -13.0% |
| 4 Bedrooms | 35 | 31 | -11.4% |
| 5+ Bedrooms | 35 | 32 | -8.6% |
Summary: The La Jolla housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 45 | 35 | -22.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Jolla, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in La Jolla in December 2024, down by 22.2% month-over-month. Of the 35 sold homes, 71% were sold under asking, 11% were sold at asking, and 17% were sold over asking.
Days on Market for La Jolla, CA
How long does it take to sell a home in La Jolla, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 50 Days | +94.0% |
Summary: Homes in La Jolla had an average of 50 days on market in Dec 2024, up by 94% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in La Jolla has remained consistent over time.
Summary: During December 2024, 35 homes were sold in La Jolla; 31% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 17% 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.