$2,695,000
1,553 SqFt
2 Beds
•2 Full Baths, 1 Partial
Timothy Walsh, Listing Office: Classic Realty
Is Old Encinitas, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Old Encinitas has remained a Seller's Market.
Key Takeaway
Old Encinitas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Old Encinitas, CA
How much do homes in Old Encinitas, CA cost?
Median Sold Price
$1,775,000
$1,071/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$37,500(+2.2%)
Key Takeaway
Homes in Old Encinitas have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Old Encinitas was $1,775,000 in August 2024, up 2.2% from last year, and the median price per square foot was $1,071.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $949.5K | $619.5K | -34.8% |
| 2 Bedrooms | $1.1M | $1.1M | -2.2% |
| 3 Bedrooms | $1.7M | $1.9M | +8.8% |
| 4 Bedrooms | $2.2M | $3.2M | +43.6% |
| 5+ Bedrooms | $3.2M | $4.2M | +29.5% |
Summary: Old Encinitas housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes increased by 29.5%.
Housing Supply in Old Encinitas, CA
How many homes are available in Old Encinitas, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 41 | 35 | -14.6% |
Summary: The Old Encinitas real estate market had 35 homes for sale in August 2024, a 14.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Old Encinitas housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Encinitas, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Old Encinitas in August 2024, down by 28.6% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.
Days on Market for Old Encinitas, CA
How long does it take to sell a home in Old Encinitas, CA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 18 Days | 50 Days | +174.1% |
Summary: Homes in Old Encinitas had an average of 50 days on market in Aug 2024, up by 174.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Old Encinitas has remained consistent over time.
Summary: During August 2024, 10 homes were sold in Old Encinitas; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% 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.