Carpenter Realty Group Inc.

Encinitas, CA 92024

Single-Family Homes

Brokered by eXp Realty of CA DRE#01878277



Encinitas, CA 92024

Tue Oct 19 2021
This week the median list price for Encinitas, CA 92024 is $2,922,500 with the market action index hovering around 56. This is less than last month's market action index of 62. Inventory has increased to 42. 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.

Strong Seller's Market

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

Tue Oct 19 2021
This week the median list price for Encinitas, CA 92024 is $2,922,500 with the market action index hovering around 56. This is less than last month's market action index of 62. Inventory has increased to 42. 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.

Strong Seller's Market

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 $2,922,500
Median Price of New Listings $1,299,000
Per Square Foot $1,041
Average Days on Market 59
Median Days on Market 32
Price Decreased 26%
Price Increased 2%
Relisted 14%
Inventory 42
Median Rent $5,575
Market Action 56
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$6,097,000 3,433 0.5 - 1 acre 4 3 30 1 1 94
$3,887,500 3,783 0.25 - 0.5 acre 4 4 18 0 1 45
$2,699,450 2,196 0.25 - 0.5 acre 4 2 44 1 2 28
$1,400,000 1,640 0.25 - 0.5 acre 3 1 47 7 3 0