$4,691 Closing Credit*
$395,000
470 SqFt
Studio
•1 Full Bath
Natasha Lederman, Listing Office: Charles Lederman & Associates
Is Marina 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
At the same time last year, Marina Del Rey was a Seller's Market.
Key Takeaway
Marina Del Rey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marina Del Rey, CA
How much do homes in Marina Del Rey, CA cost?
Median Sold Price
$585,000
$443/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$77,450(-11.7%)
Key Takeaway
Homes in Marina Del Rey have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Marina Del Rey was $585,000 in October 2024, down 11.7% from last year, and the median price per square foot was $443.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $555K | $485.2K | -12.6% |
| 2 Bedrooms | $715K | $582.5K | -18.5% |
| 3 Bedrooms | $848K | $759.9K | -10.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $2.0M | N/A |
Summary: Marina Del Rey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Marina Del Rey, CA
How many homes are available in Marina Del Rey, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Marina Del Rey real estate market had 23 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marina Del Rey housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marina Del Rey, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Marina Del Rey in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marina Del Rey, CA
How long does it take to sell a home in Marina Del Rey, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 14 Days | -62.2% |
Summary: Homes in Marina Del Rey had an average of 14 days on market in Oct 2024, down by 62.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marina Del Rey are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Marina Del Rey; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.