Is Corona Del Mar, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Corona Del Mar was a Seller's Market.
Housing Prices in Corona Del Mar, CA
How much do homes in Corona Del Mar, CA cost?
Median Sold Price
$3,750,000
$1,705/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Corona Del Mar was $3,750,000 in May 2024, up 5.6% from last year, and the median price per square foot was $1,705.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | $1.5M | +16.7% |
2 Bedrooms | $2.3M | $2.4M | +6.5% |
3 Bedrooms | $3.4M | $3.6M | +5.9% |
4 Bedrooms | $5.0M | $5.1M | +2.0% |
5+ Bedrooms | $5.1M | $6.5M | +26.2% |
Summary: Corona Del Mar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
Central Coast | $1.6M | $1.8M | +16.8% |
Newport Beach | $3.0M | $3.4M | +13.9% |
Corona Del Mar | $3.5M | $3.7M | +5.6% |
Housing Supply in Corona Del Mar, CA
How many homes are available in Corona Del Mar, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 108 | -4.4% |
Summary: The Corona Del Mar real estate market had 108 homes for sale in May 2024, a 4.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 38 | 36 | -5.3% |
4 Bedrooms | 27 | 22 | -18.5% |
5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The Corona Del Mar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 12 | -42.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Corona Del Mar in May 2024, down by 42.9% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Corona Del Mar, CA
How long does it take to sell a home in Corona Del Mar, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 26 Days | -63.9% |
Summary: Homes in Corona Del Mar had an average of 26 days on market in May 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Corona Del Mar; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.