What’s the Value of my Encinitas Home?
Encinitas Market Report for January 2025
It’s essential that Encinitas sellers and buyers have up-to-date information about local market conditions, and the effect they have on buying and selling, in order to make informed decisions about Encinitas homes for sale.
Here’s what happened in the January 2025 housing market in Encinitas, based on information from the MLS (private sales are not included nor are manufactured, mobile, or multi-family homes). These statistics are believed reliable when this report was written but are not guaranteed.
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26 homes sold in Encinitas in January, the same as last month. Here’s the breakdown of overall activity.
Single Family Homes Sold
17 (down by 1); 36 Average Days on Market; Average Sales Price was $2,169,401 (down 9%); Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold
9 (up by 1); 29 Days on Market; Average Sales Price was $1,098,166 (up 11%); Average Sales Price was 99% of original asking price.
Overall sales volume of Encinitas home sales did not change from December. Single family home sales dropped by 1, while condo, townhome and duplex sales increased by 1 from last month.
Looking back 1 year ago 2 more single family homes sold in January 2025 than in 2024 (15). But there were 6 fewer condos, townhomes and duplexes sold in January 2025 than 1 year ago (15).
The average sales price for condos, townhomes and duplexes was higher than last month, while it was lower for single family homes. January sales prices ranged from $675,000 to $4,500,000.
Compared to January 2024, the average sales price was 10% lower for single family homes sold in 2025 (while the median was 26% lower). Similarly, the average sales price for condos, townhomes and duplexes in January 2025 was 8% lower than 1 year ago, but the 2025 median price was 12% higher than in 2024.
The average time on the market was shorter for single family homes at 36 days, but was longer for condos, townhomes and duplexes than last month. 42% of the homes went pending in 1 week or less, more than in December. It’s important that buyers are prepared to make quick decisions about touring listings and submitting strong offers!
The median sales price for detached single family homes was $1,900,000 (down 6% from last month). The median price for condos, townhomes and duplexes was $1,144,500, an increase by 4% from December.
While most buyers negotiated their purchase prices down from the list price, 46% paid asking price or higher, the same as last month. This is important to remember when planning your offer strategy.
There were 4 homes with an Active Under Contract status at the end of January, versus 1 last month.
The inventory improved significantly in January, by 27%, with 57 listings available at the end of the month versus 45 in December. List prices range from $539,900 to $14,995,000. This is a 1.2 month supply for condos, townhomes and duplexes (up from 1 month last month), and 2.4 months for single family homes (up from 1.6 months last month). This is based on the existing inventory and the rate of sales over the last 3 months.
Encinitas continues to be a very strong sellers’ market for buyers based on supply and demand.
47 Encinitas homes were listed in January, up from 19 new listings last month. The number of homes going pending in January (excluding homes that closed) increased slightly from 14 pendings in December to 16.
I am happy to share more specifics about the Encinitas housing activity for Encinitas Ranch, Leucadia, and Olivenhain, and other neighborhoods of interest.
I can also provide additional local market information, answer questions about local market conditions, and help you sell your Encinitas home and/or buy a new home. Please reach out to me directly or text me at (760) 840-1360 so we can discuss your particular housing needs, plans and budget. Then we can develop an effective strategy to help you reach your real estate goals, whether you are buying, selling, or planning to do both.
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