Coastal Real Estate Guide

Corona Del Mar, CA

Single-Family Homes

Firebrand Media LLC



Corona Del Mar, CA

Wed Feb 28 2024
This week the median list price for Corona Del Mar, CA is $5,498,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 31. Click here to stay informed with the Corona Del Mar market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Corona Del Mar, CA

Wed Feb 28 2024
This week the median list price for Corona Del Mar, CA is $5,498,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has increased to 31. Click here to stay informed with the Corona Del Mar market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Corona Del Mar market.
Median List Price $5,498,000
Median Price of New Listings $7,200,000
Per Square Foot $1,931
Average Days on Market 95
Median Days on Market 56
Price Decreased 32%
Price Increased 6%
Relisted 10%
Inventory 31
Median Rent
Market Action 37
Slight Seller's Advantage

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$12,995,000 4,592 8,000 - 10,000 sqft 4 6 8 1 1 98
$6,650,000 3,072 0 - 4,500 sqft 3 4 14 1 1 66
$4,997,000 2,837 6,500 - 8,000 sqft 4 4 52 0 0 52
$3,147,499 2,070 4,500 - 6,500 sqft 2 3 49 1 0 42