Heritage Escrow

Encinitas, CA 92024

Single-Family Homes

Jerah Payne 858-449-0089


Encinitas, CA 92024

Tue Dec 03 2024
This week the median list price for Encinitas, CA 92024 is $2,898,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 35. 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Encinitas, CA 92024

Tue Dec 03 2024
This week the median list price for Encinitas, CA 92024 is $2,898,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 35. 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Encinitas market.
Median List Price $2,898,000
Median Price of New Listings $1,795,000
Per Square Foot $1,131
Average Days on Market 88
Median Days on Market 70
Price Decreased 43%
Price Increased 0%
Relisted 23%
Inventory 35
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$6,525,000 4,128 0.25 - 0.5 acre 4 5 24 0 0 126
$3,495,000 3,458 0.25 - 0.5 acre 4 4 33 0 2 70
$2,199,999 2,649 8,000 - 10,000 sqft 4 3.5 44 1 3 7
$1,598,000 1,368 4,500 - 6,500 sqft 3 2 44 2 3 28