LUXURYSOCALREALTY| COMPASS Market Report

La Jolla, CA

Single-Family Homes

website | luxurysocalrealty.com



La Jolla, CA

Mon Jun 17 2024
This week the median list price for La Jolla, CA is $5,495,000 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has increased to 79. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

La Jolla, CA

Mon Jun 17 2024
This week the median list price for La Jolla, CA is $5,495,000 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has increased to 79. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the La Jolla market.
Median List Price $5,495,000
Median Price of New Listings $4,000,000
Per Square Foot $1,409
Average Days on Market 142
Median Days on Market 49
Price Decreased 27%
Price Increased 0%
Relisted 13%
Inventory 79
Median Rent
Market Action 34
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$14,450,000 7,770 0.25 - 0.5 acre 6 7 13 2 0 112
$6,995,000 4,095 0.25 - 0.5 acre 4 4.8 18 2 1 42
$4,247,500 3,304 0.25 - 0.5 acre 4 4.5 42 1 4 59
$2,787,500 2,618 6,500 - 8,000 sqft 4 3 36 4 2 31