What's the Value of My La Jolla Home?
La Jolla Home Sales for May 2025
La Jolla is one of the more expensive housing markets in San Diego County. If you check out La Jolla online (see Read More link below), or visit in person, you will understand why this is so.
As a buyer or seller in La Jolla, having current information about local market conditions for La Jolla homes for sale will help you make informed decisions about buying and/or selling your La Jolla home.
La Jolla is a coastal community with many homes offering beautiful views of the ocean from the hills and right along the coast. La Jolla Village is up-scale, offering top-notch shopping, dining, and services. La Jolla has been compared to the French and Italian Rivieras due to the wonderful ocean and coastline vistas, spectacular homes, and an appealing climate year-round, attracting visitors from around the world.
READ MORE:
La Jolla Real Estate – A Jewel on the San Diego Coastline
57 homes sold in La Jolla in May, 11% fewer sales than in April. Here’s a summary of the housing activity (the MLS data do not include private sales and are believed to be accurate at the time this report was compiled but are not guaranteed).
Single Family Homes Sold
30 (down by 3); 19 Average Days on Market; The Average Sales Price was $4,020,650 (down 1%); the average sales price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold
27 (down by 4); 28 Average Days on Market; Average Sales Price was $1,385,511 (down 26%); Average sales price was 97% of the original asking price.
The overall volume of sales in the La Jolla real estate market decreased from April. Condo, townhome and duplex sales were lower, as were single family homes sales. Sales prices ranged from $585,800 to $17,500,000.
The average time on the market was 3 days longer for condos, townhomes and duplexes, but was 5 days shorter for single family homes. A number of buyers made prompt decisions, with 35% of the homes going pending in 6 days or less. As a result, it’s still important to be prepared to make prompt decisions about touring homes and submitting offers.
The average sales price for single family homes decreased slightly from last month. On the other hand, the average price for condos, townhomes and duplexes decreased significantly from April.
The majority of the home buyers were able to negotiate the prices of their new homes down from asking price, while 44% paid list price or more for their new homes.
The median sales price of single family homes, $3,144,750, was up 5% from the median last month. In contrast, the median price of $1,117,520 for condos, townhomes and duplexes was 26% lower than in April.
There was 1 La Jolla home with an Active Under Contract status at the end of May, the same as in April (when they occur these homes are considered active but may not accept backup offers or be available to tour).
There were 193 homes on the market at the end of May, compared to 152 at the end of April (up 27%). May list prices ranged from $524,900 to $108,000,000.
The current supply of single family homes is 3.7 months (up from 3.1 months last month), and 3.1 months for condos, townhomes and duplexes (up from 2.8 months last month). This is based on the rate of sales over the last 3 months and existing inventory.
La Jolla continues to be a seller’s market for single family homes, and for condos, townhomes and duplexes.
There were 111 new listings in May, up from 83 in April. 26 homes went pending (excluding those homes that closed escrow) as compared to 32 last month.
If you would like more details about the housing market in La Jolla, please let me know. I can also provide specifics about residential areas that are of interest (the Village, La Jolla Shores, La Jolla Farms). Please reach out directly or via text at (760) 840-1360. We can discuss your particular housing needs, budget, and your home purchase plans. I can also help you create a strategy for selling your current home if that’s your goal.
SEARCH FOR HOMES FOR SALE IN LA JOLLA CA
READ MORE:
What’s my La Jolla Home Worth? La Jolla Real Estate Market for April 2025
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