Home Value Update: June 2024

U.S. existing-home sales declined for the third consecutive month, as higher mortgage rates and rising sales prices hindered market activity during what has traditionally been one of the busiest months of the year. According to the National Association of REALTORS® (NAR), sales of previously owned homes dipped 0.7% month-over-month and 2.8% year-over-year, to a seasonally adjusted annual rate of 4.11 million units.

Nationally, total housing inventory grew 6.7% month-over-month to 1.28 million units heading into June, for a 3.7 months’ supply at the current sales pace, according to NAR. However, the increase in supply has yet to temper home prices, which have continued to rise nationwide. At last measure, the median existing-home price climbed to $419,300, a 5.8% increase from the same period last year and a record high for the month.

North San Diego County Home Stats:

  • Closed Sales decreased 7.8 percent for Detached homes and 13.6 percent for Attached homes.
  • Pending Sales decreased 0.3 percent for Detached homes and 4.4 percent for Attached homes.
  • The Median Sales Price was up 13.9 percent to $1,249,000 for Detached homes and 7.7 percent to $765,000 for Attached homes.
  • Days on Market increased 22.2 percent for Detached homes and 43.8 percent for Attached homes.
  • Supply increased 8.7 percent for Detached homes and 35.3 percent for Attached homes.

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 HomesChgActive ListingsChg% List PriceYoY Chg
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%
03/23$1,657,0004%310%12835%62-2%96.9%0.8%
02/23$1,594,000-0%3111%95-17%63-19%95.5%5.1%
01/23$1,598,000-2%280%114-10%78-21%95.9%4.1%

Encinitas

MonthAvg
Sold $
ChgDOMChgSold HomesChgActive ListingsChg% List PriceYoY Chg
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%
01/23$2,028,000-10%32-3%52-15%47-10%93.4%-5.9%

Oceanside

MonthAvg
Sold $
ChgDOMChgSold HomesChgActive ListingsChg% List PriceYoY Chg
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%
01/23$933,000-0%3417%190-16%147-15%95.2%9.5%

San Marcos

MonthAvg
Sold $
ChgDOMChgSold HomesChgActive ListingsChg% List PriceYoY Chg
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%
01/23$972,0002%297%105-15%76-16%95.2%-2.1%

Vista

MonthAvg
Sold $
ChgDOMChgSold HomesChgActive ListingsChg% List PriceYoY Chg
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%
01/23$820,000-1%3620%116-6%87-19%94.2%-7.2%