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 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.
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.