Search homes for sale in Marina Del Rey with The Umansky Team, one of LA’s leading real estate teams.
Marina Del Rey, CA Housing Market
In May 2025, Marina del Rey’s housing market showed a notable slowdown. Home prices declined by 11.0% year-over-year, bringing the median sale price down to $805,000. Properties are spending more time on the market—averaging 54 days compared to 44 last year—indicating softer buyer demand. Only 3 homes were sold in May, down from 4 the previous year, highlighting limited transaction volume. The median price per square foot also dropped sharply by 32.5%, now at $594. These shifts suggest increased negotiation room for buyers and a more value-driven market environment.
Marina del Rey is currently not very competitive. Homes typically remain on the market for an average of 129.5 days, reflecting a slow pace and reduced urgency among buyers. Multiple offers are rare, and most properties sell for about 2% below list price. However, standout homes—those with strong appeal, prime location, or recent upgrades—can still move faster, going pending in around 35 days and often closing near asking price. Overall, buyers have more flexibility, while sellers need to price strategically and invest in presentation to attract interest.
As of May 2025, Marina del Rey is firmly in a buyer’s market, where housing supply outweighs buyer demand. This market condition gives buyers more control—more inventory to choose from, increased room for negotiation, and less competition overall. Sellers may face longer listing times and need to adjust pricing or improve property presentation to attract offers. For buyers, this presents an opportunity to secure a home in a coastal community at potentially favorable terms.
If you're considering a home in Marina del Rey, contact us today. We can guide you through HOA rules, waterfront options, building insights, and off-market opportunities—ensuring you find the right fit in one of LA’s most distinctive coastal neighborhoods.
Marina del Rey is defined by its namesake harbor—the largest man-made small craft harbor in the U.S. Homes here vary greatly depending on their proximity to the water. Some properties offer direct marina views or boat slips, while others are a few blocks inland. Waterfront access significantly affects price, resale value, and lifestyle. Buyers should assess whether they prioritize unobstructed water views, boat access, or quieter, more residential streets. Marina-facing units may come at a premium but offer long-term value and rental appeal.
Unlike many Westside LA neighborhoods, Marina del Rey is dominated by condominiums and townhomes rather than single-family homes. This means buyers must consider HOA fees, rules, building management, and shared amenities. Monthly dues can vary widely based on services like security, pools, gyms, and marina privileges. Understanding each building’s financial health, reserve fund, and history of assessments is critical—especially in older buildings where major renovations may be due.
Given its coastal setting, Marina del Rey attracts interest from investors seeking short-term rental income. However, much of the area is subject to strict Los Angeles County and city-level restrictions on short-term rentals, particularly in multifamily buildings and condo communities. Buyers looking for rental income must verify zoning, HOA rules, and local ordinances. Some buildings allow 30+ day rentals only, while others have outright bans. A misstep here can result in fines or legal complications—so clarity on permitted uses is essential.
Marina del Rey’s location offers beauty and convenience, but also comes with exposure to various noise sources. LAX flight paths, marina events, harbor operations, and nearby nightlife (especially closer to Venice) can affect quality of life. Buyers should visit properties at different times of day to get a true sense of ambient noise and foot traffic. For those seeking tranquility, homes further from Admiralty Way or closer to the Silver Strand may offer a more peaceful setting.
Due to its dense coastal layout, Marina del Rey properties—especially condos—may have limited guest parking, tight garage setups, and varying security protocols. Older buildings may lack modern surveillance or concierge services, while newer developments often include controlled access, EV charging, and smart systems. Buyers should evaluate not just the unit but the entire building experience, particularly if they plan to host guests frequently or value added privacy and security features.
Marina del Rey tends to have slower sales cycles compared to other Westside markets. Homes often stay on the market longer, especially during off-season months. This means buyers may have more leverage, but also need to consider long-term hold value and resale strategy. Waterfront units and fully renovated condos hold value better, while dated properties may struggle without strong upgrades. Knowing how to time your purchase and which units retain value is crucial for maximizing both lifestyle and return on investment.
Have questions about the Marina del Rey real estate market or ready to explore available properties? Contact us today for expert guidance and personalized support. Whether you're looking for a serene waterfront home or a vibrant coastal lifestyle, we’re here to help you find the perfect fit. Reach out now and let’s start your Marina del Rey property journey!
Explore the beauty and charm of Marina del Rey with our comprehensive neighborhood guide. From waterfront living to local attractions and amenities, we’ve got everything you need to know about this vibrant coastal community. Start browsing now and see why Marina del Rey is the perfect place to call home!
Creative marketing, unwavering professionalism, cutting-edge technology and an unforgettable concierge service experience. More of the same is never an option.