Is Carmel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Carmel Valley has remained a Buyer's Market.
Housing Prices in Carmel Valley, CA
How much do homes in Carmel Valley, CA cost?
Median Sold Price
$1,650,000
$759/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Carmel Valley was $1,650,000 in April 2024, up 2.2% from last year, and the median price per square foot was $759.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.0M | N/A |
2 Bedrooms | $1.1M | $1.4M | +27.3% |
3 Bedrooms | $1.6M | $1.5M | -4.5% |
4 Bedrooms | $2.0M | $2.3M | +12.7% |
5+ Bedrooms | $3.4M | $3.2M | -5.9% |
Summary: Carmel Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in Carmel Valley, CA
How many homes are available in Carmel Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 50 | +6.4% |
Summary: The Carmel Valley real estate market had 50 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Carmel Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Carmel Valley in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Carmel Valley, CA
How long does it take to sell a home in Carmel Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 82 Days | +3.1% |
Summary: Homes in Carmel Valley had an average of 82 days on market in Apr 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Carmel Valley; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.