Del Mar, CA Homes for Sale & Real Estate Listings

In September 2024, Del Mar's housing market saw a significant shift, with home prices dropping 50.3% compared to the previous year, bringing the median sale price to $3.6M. Despite this sharp decline, the market remains somewhat competitive. Interestingly, while overall home prices have fallen, the median price per square foot increased by 8.3%, now at $2.34K. This rise in price per square foot suggests that while larger, more expensive properties may have seen price reductions, demand for smaller or premium homes in prime locations remains strong. Buyers in this market are likely prioritizing location and quality over size, contributing to the mixed pricing trends.

Del Mar's housing market is somewhat competitive, with homes typically selling in about 33.5 days. Some properties attract multiple offers, though on average, homes sell for roughly 4% below the list price and go pending within 34 days. In contrast, "hot" homes can sell closer to the list price and often go pending much faster, within around 16 days. This highlights that while the market isn't overly fast-paced, highly desirable properties still move quickly.

Nationwide, 3% of homebuyers expressed interest in moving to Del Mar from other metropolitan areas. Among these, Los Angeles homebuyers showed the most interest in relocating to Del Mar, followed by those from San Francisco and Washington, D.C. This trend indicates that Del Mar is attracting attention from buyers in larger, high-demand cities, likely drawn to its coastal charm and upscale market.