Is Marina, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marina has remained a Seller's Market.
Housing Prices in Marina, CA
How much do homes in Marina, CA cost?
Median Sold Price
$925,000
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marina was $925,000 in May 2024, up 12.8% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $565K | - | N/A |
2 Bedrooms | $524.5K | $995.3K | +89.8% |
3 Bedrooms | $827K | $860K | +4.0% |
4 Bedrooms | $913K | $1.0M | +10.1% |
5+ Bedrooms | - | $1.5M | N/A |
Summary: Marina housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 89.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Marina | $820K | $925K | +12.8% |
Seaside | $715K | $794.5K | +11.1% |
Seaside-Monterey | $1.0M | $1.0M | +5.5% |
Castroville | $858K | $900K | +4.9% |
Housing Supply in Marina, CA
How many homes are available in Marina, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 56 | +19.1% |
Summary: The Marina real estate market had 56 homes for sale in May 2024, a 19.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Marina housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Marina in May 2024, up by 50.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for Marina, CA
How long does it take to sell a home in Marina, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 23 Days | -11.7% |
Summary: Homes in Marina had an average of 23 days on market in May 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Marina; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.