Home Value Update: November 2024

U.S. existing-home sales rose 3.4% month-over-month and 2.9% year-over year to a seasonally adjusted annual rate of 3.96 million units, exceeding economists’ expectations for the month and marking the first annual gain since July 2021, according to the National Association of REALTORS® (NAR).
Lower mortgage rates in late summer and early fall helped sales increase across all four regions.

  • Closed Sales increased 9.7 percent for Detached homes and 6.0 percent for Attached homes.
  • Pending Sales increased 6.2 percent for Detached homes and 19.2 percent for Attached homes.
  • The Median Sales Price was up 1.0 percent to $1,095,000 for Detached homes but decreased 0.3 percent to $750,000 for Attached homes.
  • Days on Market increased 22.2 percent for Detached homes and 78.9 percent for Attached homes.
  • Supply was dead even with last year for both property types.

The number of homes for sale continues to improve nationwide, climbing 0.7% month-over-month and 19.1% year-over-year to 1.37 million units heading into November, for a 4.2-month supply at the current sales pace, according to NAR. Despite a wider selection of properties on the market, sales prices have
remained strong at the national level, with a median existing-home price of $407,200 as of last measure, a 4% increase from the same time last year.

The numbers by city:
These #’s 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
11/24$1,926,000-1%3115%149-13%138-5%96.5%7.3%
10/24$1,938,000-1%27-4%171-9%14616%96.4%9.0%
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%

Encinitas

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
11/24$2,694,0003%3513%61-13%52-15%96.4%-8.1%
10/24$2,627,0004%317%70-13%61-6%96.7%-2.6%
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%

Oceanside

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
11/24$1,062,000-4%288%227-4%152-10%97.8%2.7%
10/24$1,106,0002%2624%237-7%1681%98.2%10.6%
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%

San Marcos

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
11/24$1,243,0002%3141%108-10%75-10%97.6%2.0%
10/24$1,216,000-1%225%120-6%836%98.9%2.0%
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%

Vista

MonthAvg Sold $ChgDOMChgSold
Homes
ChgActive
Listings
Chg%
List Price
YoY Chg
11/24$967,000-1%2514%141-8%103-8%98.4%0.3%
10/24$974,000-2%225%153-47%1128%98.4%0.4%
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%