$10,000 Closing Credit*
$2,050,000
1,633 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ever Eternity, Listing Office: Pacific Sotheby's Int'l Realty
Is New Encinitas, 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, New Encinitas has remained a Seller's Market.
Key Takeaway
New Encinitas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Encinitas, CA
How much do homes in New Encinitas, CA cost?
Median Sold Price
$1,350,000
$857/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$110,000(+8.9%)
Key Takeaway
Homes in New Encinitas have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in New Encinitas was $1,350,000 in October 2024, up 8.9% from last year, and the median price per square foot was $857.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $490K | $529.7K | +8.1% |
| 2 Bedrooms | $750K | $775K | +3.3% |
| 3 Bedrooms | $1.1M | $1.3M | +12.4% |
| 4 Bedrooms | $1.5M | $1.7M | +18.1% |
| 5+ Bedrooms | $1.9M | $1.9M | 0.5% |
Summary: New Encinitas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in New Encinitas, CA
How many homes are available in New Encinitas, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 41 | +20.6% |
Summary: The New Encinitas real estate market had 41 homes for sale in October 2024, a 20.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Encinitas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Encinitas, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in New Encinitas in October 2024, up by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for New Encinitas, CA
How long does it take to sell a home in New Encinitas, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +68.3% |
Summary: Homes in New Encinitas had an average of 28 days on market in Oct 2024, up by 68.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Encinitas are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in New Encinitas; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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.