The Del Mar housing market remains moderately competitive, attracting buyers despite shifting market dynamics. Last month, the median sale price of a home in Del Mar rose to $4.6 million, reflecting a modest year-over-year increase of 1.7%, signaling resilience in this high-end market. However, the median sale price per square foot dropped by 6.4%, now at $1,640. This decline may indicate that buyers are prioritizing larger properties or negotiating better value on a per-square-foot basis. The mixed trends suggest a market where premium pricing persists, but buyers are becoming more discerning in their investments.

The Del Mar housing market is somewhat competitive, with homes typically selling within 41.5 days on average. While most properties sell for about 4% below their list price and go pending in approximately 42 days, the market does see its share of "hot" homes. These highly desirable properties—due to location, features, or pricing—can sell at or near the list price and go pending in as little as 20 days. This suggests a market where well-positioned homes can attract strong buyer interest, while others may require more time or price adjustments to close a deal.

In the third quarter of 2024, 3% of homebuyers nationwide considered relocating to Del Mar from other metropolitan areas. Among these, Los Angeles residents showed the highest interest in moving to Del Mar, followed by prospective buyers from San Francisco and Washington, D.C. This trend highlights Del Mar's appeal to individuals from larger cities, possibly due to its coastal charm and desirable living conditions.