LUXURYSOCALREALTY| COMPASS Market Report

La Jolla, CA

Single-Family Homes

website | luxurysocalrealty.com



La Jolla, CA

Thu Feb 29 2024
This week the median list price for La Jolla, CA is $6,000,000 with the market action index hovering around 37. This is an increase over last month's market action index of 32. Inventory has decreased to 67. Click here to stay informed with the La Jolla market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

La Jolla, CA

Thu Feb 29 2024
This week the median list price for La Jolla, CA is $6,000,000 with the market action index hovering around 37. This is an increase over last month's market action index of 32. Inventory has decreased to 67. Click here to stay informed with the La Jolla market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the La Jolla market.
Median List Price $6,000,000
Median Price of New Listings $3,899,500
Per Square Foot $1,618
Average Days on Market 170
Median Days on Market 77
Price Decreased 19%
Price Increased 4%
Relisted 18%
Inventory 67
Median Rent
Market Action 37
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$16,150,000 7,910 0.25 - 0.5 acre 5 7 11 2 0 248
$7,995,000 5,129 0.25 - 0.5 acre 4 5.5 21 1 0 112
$4,250,000 3,084 8,000 - 10,000 sqft 4 3.5 52 5 3 70
$2,500,000 1,999 0.25 - 0.5 acre 3 2.5 62 4 4 21