What’s the Value of My Carlsbad Home?
Carlsbad Market Report for September 2024
The Carlsbad real estate market continues to shift, with changes from August and 1 year ago. Private sales, mobile homes and multi-family housing are not included (the numbers are taken from the MLS and believed to be accurate as reported but are not guaranteed).
Media market reports typically 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 benefits you when you need to make important buying and/or selling decisions about Carlsbad homes for sale.
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88 homes sold in Carlsbad in September (92008, 92009, 92010 and 92011), 9% fewer sales than in August. Here are the specifics:
Single Family Homes Sold
57 (down by 4); 35 Average Days on Market; Average Sales Price was $1,963,231 (up 2%); Average Sales Price was 96% of original asking price.
Condos, Townhomes & Duplexes Sold
31 (down by 5); 22 Average Days on Market; Average Sales Price was $892,164 (down 12%); Average Sales Price was 98% of original asking price.
Overall Carlsbad home sales in September decreased from August. There were fewer single family home sales, and fewer condo, townhome and duplex sales. The average sales price increased slightly for single family homes. In contrast, the average price decreased for condos, townhomes and duplexes. September sales prices ranged from $512,400 to $5,500,000.
The average marketing time was longer for single family homes than last month, but was shorter for condos, townhomes, and duplexes.
The number of single family home sales sold in September 2024 was 1 more than a year ago. 31 condos, townhomes and duplexes sold in September 2024 compared to 36 1 year ago. The average sales price year over year was 20% higher for single family homes in September 2024 (the median price was 21% higher). On the other hand, the average sales price was 8% lower for condos, townhomes and duplexes sold in September 2024 than 1 year ago; the median price was also 8% lower.
A number of buyers made quick decisions to tour listings and submit successful offers. 24% of the homes went pending in 7 days or less, a little less than last month. Buyers should be ready to make prompt decisions in the current housing market in Carlsbad.
Most buyers negotiated their home purchase prices down from list price. However, at the same time 32% paid asking price or more for their homes. Buyer competition continues, and it’s important to keep this in mind for your home search and when planning an offer strategy!
The median sales price for single family detached homes was $1,940,000, compared to $1,774,214 in August. The median price was $830,000 for condos, townhomes and duplexes, compared to $952,500 last month.
There were 7 homes in Carlsbad at the end of September with an Active Under Contract status, compared to 14 last month. These homes are technically still active but might not allow further showings or accept back-up offers. They are included in the statistics below.
Inventory at the end of September (217) was down by 4% from last month (227). List prices range from $399,999 to $8,395,000.
There is a 2.6 month supply of condos, townhomes and duplexes (up from 2.5 months last month), and 1.9 months for single family homes (down from 2.1 months last month) based on the rate of sales over the last 3 months. Carlsbad remains a very strong sellers’ housing market.
104 new listings came on the market in September, compared to 124 last month, a decrease by 16%. In contrast, 67 homes went pending (excluding homes that closed in September), compared to 58 in August.
This summary of the Carlsbad housing market is based on data from the MLS. I can share other details about current activity, including Carlsbad neighborhoods of interest to you (e.g., La Costa, Aviara, Bressi Ranch, Calavera Hills).
Please reach out to me by phone or text at (760) 840-1360 to discuss your particular housing needs, timing, lifestyle, budget, and questions. Together we’ll create a plan to buy your new Carlsbad home, and/or sell your current Carlsbad home.
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