In August 2024, Encinitas home prices experienced a slight decline, with a 2.6% drop compared to last year, settling at a median price of $1.9M. Homes in Encinitas now stay on the market for an average of 32 days, up from just 20 days in August 2023, indicating a slower pace of sales. A total of 47 homes were sold this August, down from 63 during the same time last year. The median sale price per square foot also saw a decrease, falling 8.7% to $887. Despite these changes, Encinitas remains a desirable location for buyers, offering more time and potential negotiating opportunities in the current market.

Encinitas remains a somewhat competitive market, with homes typically selling in around 27 days. While some properties receive multiple offers, the average home sells for about 1% below the list price and goes pending in approximately 27 days. However, "hot" homes—those in high demand—can sell for around 1% above the asking price and often go pending in as little as 10 days. This indicates that while the market has slightly cooled, well-priced, desirable properties still move quickly.

People are moving to Encinitas from various parts of the country, with 3% of homebuyers searching from outside metro areas. Los Angeles homebuyers show the most interest in relocating to Encinitas, followed closely by those from San Francisco and Washington, D.C. This highlights Encinitas as a desirable coastal destination, attracting buyers from larger urban centers seeking a more relaxed, beachside lifestyle.