Is Dana Point, 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, Dana Point was a Seller's Market.
Key Takeaway
Dana Point is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dana Point, CA
How much do homes in Dana Point, CA cost?
Median Sold Price
$1,650,000
$900/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dana Point have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Dana Point was $1,650,000 in May 2024, up 8.4% from last year, and the median price per square foot was $900.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $597.5K | $580K | -2.9% |
| 2 Bedrooms | $1.1M | $989K | -10.1% |
| 3 Bedrooms | $1.5M | $1.7M | +11.8% |
| 4 Bedrooms | $1.9M | $1.9M | +3.6% |
| 5+ Bedrooms | $3.7M | $2.3M | -36.0% |
Summary: Dana Point housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 36%.
Median Sold Price Compared To Nearby Cities
| San Juan Capistrano | $1.2M | $1.3M | +9.3% |
| Dana Point | $1.5M | $1.6M | +8.4% |
| Laguna Niguel | $1.2M | $1.2M | +6.8% |
| San Clemente | $1.5M | $1.6M | +6.6% |
| Capistrano Beach | $1.7M | $1.5M | -7.4% |
Housing Supply in Dana Point, CA
How many homes are available in Dana Point, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 177 | 187 | +5.6% |
Summary: The Dana Point real estate market had 187 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 28 | 35 | +25.0% |
| 3 Bedrooms | 70 | 64 | -8.6% |
| 4 Bedrooms | 45 | 49 | +8.9% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Dana Point housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 30 | -23.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dana Point, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Dana Point in May 2024, down by 23.1% month-over-month. Of the 30 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Dana Point, CA
How long does it take to sell a home in Dana Point, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 31 Days | -33.5% |
Summary: Homes in Dana Point had an average of 31 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dana Point are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in Dana Point; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.