Home Value Update: September 2024

U.S. existing-home sales slid 2.5% month-over-month and 4.2% year-over- year to a seasonally adjusted annual rate of 3.86 million units, according to the National Association of REALTORS® (NAR). Meanwhile, home prices have continued to reach record heights nationwide, with NAR reporting a median sales price of $416,700 as of last measure, a 3.1% increase from the same time last year and a new high for the month.

Amid slower home sales, inventory has continued to grow across the country. According to NAR, there were 1.35 million units for sale heading into September, a 0.7% increase from the previous month and a 22.7% jump from the same time last year. And while monthly existing-home sales were lower than expected this period, NAR Chief Economist Lawrence Yun believes that the rise in inventory, along with lower mortgage rates, should help sales improve in the months ahead.

North San Diego County Stats for September:

  • Closed Sales increased 0.2 percent for Detached homes but decreased 3.4 percent for Attached homes.
  • Pending Sales increased 12.0 percent for Detached homes and 2.0 percent for Attached homes.
  • The Median Sales Price was up 7.8 percent to $1,200,000 for Detached homes and 5.2 percent to $749,000 for Attached homes.
  • Days on Market increased 16.0 percent for Detached homes and 100.0 percent for Attached
  • homes.
  • Supply increased 13.0 percent for Detached homes and 31.6 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
09/24$1,950,0001%2817%1888%126-2%96.6%10.9%
08/24$1,934,000-1%249%174-5%1282%97.5%6.6%
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$2,039,0004%20-17%17120%858%100.5%13.7%
03/24$1,960,000-3%24-4%14221%795%100.1%18.3%
02/24$2,024,0001%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$2,013,00012%26-4%102-20%90-10%96.9%24.0%
11/23$1,795,0001%2723%128-15%1004%97.2%13.1%
10/23$1,778,0001%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$1,920,0001%14-26%156-3%9723%100.3%3.0%
05/23$1,900,0006%19-17%16115%7922%100.0%2.4%
04/23$1,793,0008%23-26%1409%655%98.4%-0.8%

Encinitas

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
09/24$2,526,0001%2912%80-2%65-10%96.8%-6.4%
08/24$2,501,000-3%26-26%8214%72-6%97.6%-5.3%
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%

Oceanside

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
09/24$1,086,0001%215%254-3%166-1%99.1%9.1%
08/24$1,070,0002%2018%263-5%16713%99.8%10.2%
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%

San Marcos

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
09/24$1,230,000-3%2117%127-10%78-1%98.6%1.8%
08/24$1,270,000-6%18-5%141-3%790%99.2%7.2%
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%

Vista

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
09/24$990,0002%210%290109%104-9%99.5%-0.4%
08/24$974,000-1%215%139-6%11416%99.1%-2.4%
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%