Marina Del Rey Homes for Sale

In December 2024, the median home price in Marina del Rey experienced a notable 17.8% decline compared to the previous year, dropping to $658,000. Homes in the area took significantly longer to sell, averaging 102 days on the market, compared to just 46 days in December 2023. Despite the price drop and extended market times, the number of homes sold remained consistent at 4 properties, unchanged from the previous year. This reflects a slower-paced market with stable, though limited, transaction activity.

Marina del Rey’s real estate market is relatively relaxed, with homes typically selling in about 89 days. Multiple offers are uncommon, and most homes sell for approximately 3% below the list price before going under contract within 89 days. However, "hot" homes can attract more attention, selling closer to the list price and going pending in around 48 days. This slower pace provides buyers with more opportunities to explore their options in this desirable coastal community.

In December 2024, Marina del Rey, CA, was a buyer's market, characterized by a higher supply of homes than the demand. This environment gives buyers an advantage, often leading to more negotiation power, longer market times, and opportunities to find properties at more favorable prices.