Loren Sanders

Encinitas, CA 92024

Single-Family Homes

DRE 01139038


Encinitas, CA 92024

Wed Oct 09 2024
This week the median list price for Encinitas, CA 92024 is $3,280,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 57. Click here to stay informed with the Encinitas market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Encinitas, CA 92024

Wed Oct 09 2024
This week the median list price for Encinitas, CA 92024 is $3,280,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has increased to 57. Click here to stay informed with the Encinitas market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Encinitas market.
Median List Price $3,280,000
Median Price of New Listings $1,949,000
Per Square Foot $938
Average Days on Market 77
Median Days on Market 63
Price Decreased 39%
Price Increased 5%
Relisted 19%
Inventory 57
Median Rent
Market Action 38
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$4,980,000 4,157 0.25 - 0.5 acre 5 5 25 0 3 70
$3,742,500 4,250 0.5 - 1 acre 4 4.3 23 1 3 56
$2,770,000 3,276 8,000 - 10,000 sqft 4 3.5 23 1 2 70
$1,625,000 1,541 6,500 - 8,000 sqft 3 2 45 3 1 21