Home Value Update: July 2024

U.S. existing home sales fell 5.4% month-over-month and 5.4% year-over- year to a seasonally adjusted annual rate of 3.89 million units, with monthly sales down in all four regions, according to the National Association of REALTORS® (NAR). Higher mortgage rates, along with rising sales prices, have kept many prospective buyers on the sidelines, despite more home choices and less competition for those homes.

Home prices have maintained their upward trend across much of the country, even as sales slow and inventory improves. According to NAR, the national median existing-home sales price climbed 4.1% year-over-year to $426,900 as of last measure, an all-time high. Meanwhile, total housing inventory
increased 3.1% month-over-month to 1.32 million units heading into July, the highest level since 2020, for a 4.1-month supply at the current sales pace.

North San Diego County Stats:

  • Closed Sales increased 6.9 percent for Detached homes and 14.8 percent for Attached homes.
  • Pending Sales decreased 5.2 percent for Detached homes but increased 20.3 percent for Attached homes.
  • The Median Sales Price was up 4.0 percent to $1,170,000 for Detached homes and 9.0 percent to $765,000 for Attached homes.
  • Days on Market increased 14.3 percent for Detached homes and 37.5 percent for Attached homes.
  • Supply increased 13.6 percent for Detached homes and 35.3 percent for Attached homes.

The numbers by city:
These numbers are for Single Family Detached homes and do not include
Attached Homes, aka condos and townhomes.
DOM = Days on Market
% List Price = Percentage of the original list price that the home sold for.

Carlsbad

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
07/24$1,948,000 -3%2222%1832%1257%98.9%4.7%
06/24$1,999,000 -1%18-5%179-5%11717%100.0%4.1%
05/24$2,024,000 -1%19-5%18911%10018%100.4%6.5%
04/24$2,039,000 4%20-17%17120%858%100.5%13.7%
03/24$1,960,000 -3%24-4%14221%795%100.1%18.3%
02/24$2,024,000 1%25-14%11717%75-12%99.4%27.0%
01/24$2,005,000 -0%2912%100-2%85-6%97.7%25.5%
12/23$2,013,000 12%26-4%102-20%90-10%96.9%24.0%
11/23$1,795,000 1%2723%128-15%1004%97.2%13.1%
10/23$1,778,000 1%2216%151-19%96-5%98.3%10.2%
09/23$1,759,000 -3%1927%186-3%101-3%98.5%3.3%
08/23$1,815,000 -2%157%1917%1041%99.6%0.7%
07/23$1,861,000 -3%140%17915%1036%100.0%2.2%
06/23$1,920,000 1%14-26%156-3%9723%100.3%3.0%
05/23$1,900,000 6%19-17%16115%7922%100.0%2.4%
04/23$1,793,000 8%23-26%1409%655%98.4%-0.8%
03/23$1,657,000 4%310%12835%62-2%96.9%0.8%
02/23$1,594,000 -0%3111%95-17%63-19%95.5%5.1%

Encinitas

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
07/24$2,567,000-7%356%727%773%97.9%0.3%
06/24$2,757,000-3%33-3%672%7514%98.7%9.3%
05/24$2,834,0000%3455%6612%6625%98.6%13.5%
04/24$2,828,0005%22-8%5926%5318%100.9%9.1%
03/24$2,684,000-2%24-33%4724%4510%100.9%5.6%
02/24$2,750,000-2%36-5%38-10%41-7%99.0%32.4%
01/24$2,800,0002%383%42-14%44-14%95.0%38.1%
12/23$2,740,000-7%3716%49-17%51-12%95.0%21.5%
11/23$2,932,0009%3214%59-23%5821%97.0%25.1%
10/23$2,696,000-0%284%77-3%482%98.4%7.6%
09/23$2,698,0002%2729%79-4%47-2%100.0%3.6%
08/23$2,640,0003%21-5%820%487%100.0%-1.1%
07/23$2,560,0001%2216%82-1%450%99.7%-3.4%
06/23$2,523,0001%19-21%832%452%98.7%-2.7%
05/23$2,496,000-4%24-11%8131%4413%98%-3.7%
04/23$2,592,0002%27-18%6219%393%97.1%6.4%
03/23$2,542,00022%33-8%520%38-16%94.9%17.2%
02/23$2,077,0002%3613%520%45-4%92.2%1.2%

Oceanside

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
07/24$1,049,0001%176%2772%14810%100.4%7.7%
06/24$1,037,000-2%16-6%2714%13519%100.8%4.0%
05/24$1,061,0001%17-6%26123%11319%101.1%7.4%
04/24$1,053,0002%18-22%21221%953%101.1%7.0%
03/24$1,037,000-3%23-8%1754%926%100.2%12.4%
02/24$1,066,000-1%2514%168-6%87-16%99.3%13.6%
01/24$1,074,000-1%225%178-1%104-12%99.0%15.1%
12/23$1,080,0004%210%180-5%118-11%99.0%15.6%
11/23$1,034,0003%215%190-12%13222%100.0%13.5%
10/23$1,000,0001%2025%217-9%1086%100.4%13.0%
09/23$995,0002%1614%239-8%102-7%101.4%10.0%
08/23$971,000-0%140%2597%110-1%101.5%4.9%
07/23$974,000-2%14-22%2433%11110%102.1%-0.6%
06/23$997,0001%18-33%2362%1016%101.1%2.6%
05/23$988,0000%27-18%23212%9517%100%0.9%
04/23$984,0007%33-11%2087%81-21%98.5%5.6%
03/23$923,000-2%379%19410%103-18%97.2%3.0%
02/23$938,0001%340%176-7%125-15%96.1%14.0%

San Marcos

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
07/24$1,349,0001%1919%1453%79-1%99.2%13.7%
06/24$1,339,0002%160%1419%808%100.4%16.0%
05/24$1,318,0006%160%12932%7414%100.9%17.4%
04/24$1,241,0004%16-27%9829%6525%101.3%11.5%
03/24$1,195,0007%22-12%7613%5216%100.2%17.5%
02/24$1,113,000-2%25-19%67-4%450%99.5%11.7%
01/24$1,137,000-5%3135%70-22%45-2%98.4%17.0%
12/23$1,195,000-2%2315%90-6%46-8%99.0%25.7%
11/23$1,219,0002%2025%96-17%5019%99.4%25.2%
10/23$1,192,000-1%16-11%1166%428%100.2%21.0%
09/23$1,208,0002%180%109-13%390%100.7%15.4%
08/23$1,185,000-0%18-14%1251%395%101.1%7.9%
07/23$1,186,0003%2111%124-6%37-12%100.6%3.8%
06/23$1,154,0003%19-5%1325%425%100.1%4.9%
05/23$1,123,0001%20-29%12613%40-9%99.3%3.4%
04/23$1,113,0009%28-20%1128%44-19%98.7%5.6%
03/23$1,017,0002%35-3%10416%54-17%97.3%-1.9%
02/23$996,0002%3624%90-14%65-14%95.5%1.5%

Vista

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
07/24$988,000-1%205%1483%985%99.9%0.6%
06/24$1,000,000-1%19-10%143-3%9319%100.6%3.7%
05/24$1,009,000-0%21-22%1482%7813%100.8%7.8%
04/24$1,011,0002%27-23%1453%6913%100.0%8.1%
03/24$994,0003%350%1410%61-2%98.5%15.2%
02/24$968,0001%350%14118%62-18%96.8%15.9%
01/24$955,0002%3540%120-9%76-17%96.4%16.5%
12/23$937,000-3%2514%1325%92-9%97.6%13.2%
11/23$964,000-1%2216%126-19%10111%98.9%13.2%
10/23$970,000-2%190%156-7%9123%99.4%7.0%
09/23$994,000-0%1919%167-2%74-12%100.8%9.2%
08/23$998,0002%167%17016%842%101.4%8.7%
07/23$982,0002%15-6%14720%826%102.1%7.6%
06/23$964,0003%16-20%123-8%7738%100.2%1.6%
05/23$936,0000%20-13%1348%5610%99.3%-1.0%
04/23$935,0008%23-21%124-6%51-16%98.7%0.9%
03/23$863,0003%29-17%13227%61-10%97.5%-3.7%
02/23$835,0002%35-3%104-10%68-22%95.3%-5.5%