Here’s the Carlsbad Market Report for June 2024. And here’s the Market Report for May for comparison.
The Carlsbad real estate market continues to change, with changes from May and 1 year ago. Private sales, mobile homes and multi-family housing are not included. The data were taken from the MLS and believed to be accurate as reported but are not guaranteed.
Unfortunately, media market reports are very generalized. As a result, they do not reflect local Carlsbad housing market conditions (read more – How Local IS Local?). Current information and analysis about local market conditions will benefit you when you need to make important buying and/or selling decisions.
91 homes sold in Carlsbad in June, 24% fewer sales than in May.
CARLSBAD MARKET REPORT DETAILS
Single Family Homes Sold – 43 (down 41%). 18 Average Days on Market. The Average Sales Price was $1,914,819 (down 2%). Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold – 48 (up by 2). 18 Average Days on Market. The Average Sales Price was $1,319,130 (up 14%). Average Sales Price was 99% of the original asking price.
Overall Carlsbad home sales in June declined markedly from May. There were significantly fewer single family home sales, however there were 2 more condo, townhome and duplex sales. The average sales price decreased slightly for single family homes. In contrast, the average price rose for condos, townhomes and duplexes. June sales prices ranged from $549,900 to $4,680,000.
The average marketing time was roughly the same for single family homes, and was several days shorter for condos, townhomes, and duplexes. Overall marketing time was under 3 weeks in June.
There were 31% fewer single family home sales than in June 2023. In contrast, 45% more condos, townhomes and duplexes sold in June 2024 than 1 year ago. The average sales price year over year was 5% higher for single family homes in June 2024; the median price was 2% higher. The average sales price was 38% higher for condos, townhomes and duplexes sold in June 2024 than 1 year ago, while the median price was 30% higher.
While some buyers made quick decisions to tour homes and submit successful offers, over half of the homes (52%) went pending in 7 days or less. As a result, buyers should be ready to make quick decisions in Carlsbad’s current housing market!
Many buyers were able to negotiate their home purchase prices down from list price. At the same time, however, the majority (56%) paid asking price or higher for their homes. Buyer competition continues, and it’s important to keep this in mind during your home search and when planning an offer strategy!
The median sales price for single family detached homes was $1,710,000, compared to $1,865,000 in May. The median price was $1,107,325 for condos, townhomes and duplexes, up 8% from last month.
Inventory at the end of June (228) rose 42% from last month (161), which was good news for buyers. List prices range from $399,000 to $9,995,000.
There is a 2.3 month supply of condos, townhomes and duplexes, up from 1.5 months last month. There is a supply of2.1 months for single family homes (up from 1.4 months last month). This is based on the rate of sales over the last 3 months. As a result, Carlsbad remains a very strong sellers’ housing market.
144 new listings hit the market in June, compared to 117 last month, an increase of 23%. 72 homes went pending, excluding homes that closed in June, about the same as in May (70).
This summary of the Carlsbad housing market is based on data found in the MLS. I can share more details about current activity, including neighborhoods that interest you (e.g., La Costa, Aviara, Bressi Ranch, Calavera Hills). Please reach out to me at (760) 840-1360 so we can discuss your personal housing needs, budget and questions.
Please reach out to me directly or via text at (760) 840-1360 to talk about your specific housing needs, timing, lifestyle, budget, and questions. We can work together to create a strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home.