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Market Snapshot

Median listing price
$2.85M

The median listing price in Encinitas, CA ZIP 92024 is $2,850,000 as of June 2026.

Median rent
$4,500/mo

The median market rent in Encinitas, CA ZIP 92024 is $4,500/month as of June 2026.

Days on market
237 days

The median days on market in Encinitas, CA ZIP 92024 is 237 days as of June 2026. The market is currently neutral.

Gross rental yield
1.89%

At a median list price of $2,850,000 and a median rent of $4,500/month, the gross rental yield in Encinitas, CA ZIP 92024 is 1.89% as of June 2026.

STR vs LTR
$5,549/mo STR · $4,500/mo LTR

In Encinitas, CA ZIP 92024, median Airbnb revenue is $5,549/month compared to median long-term rent of $4,500/month as of June 2026.

Encinitas, CA 92024 Real Estate Market Report

ZIP Code: 92024

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
153
Active Listings
56
Sold Properties
97

Market Metrics

Median Listing Price
$2,850,000
Median Sold Price
$1,962,000
Median Price per Sqft
$909/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$4,500

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
0.57%

Liquidity & Velocity

Median Days on Market
237
Sale-to-List Ratio
100.0%

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.


Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Encinitas, CA are 6.6%, reflecting a market environment where rates have trended upward throughout 2026 compared to earlier in the year.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. median sold price $1,962,000 is the primary indicator of market value — recent transactions cluster around this level and should be used as the baseline for pricing and valuation decisions, with listing expectations evaluated against these realized sale prices.
  2. median listing price $2,850,000 sits above the median sold price, which may indicate a pricing gap where seller expectations exceed recent transaction levels; this dynamic suggests pricing friction that agents should address through comparables and staged concessions.
  3. median days on market 237 signals materially slower sales velocity than typical fast-turn markets and may indicate that buyers can take a more measured approach to negotiations; slower velocity appears to coexist with the broader neutral market temperature.
  4. median market rent $4,500 and a rent year-over-year trend up support strong rental demand as an alternative market for owners; however, moderate interest rate pressure (current 30-year fixed mortgage rates at 6.6%) may temper purchase activity and should be factored into rent-versus-own scenarios.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

100 5th St, Encinitas, CA 92024
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds3 baths2,219 sqft
$11,150,000
Apr 1, 2026
$5,025/sqft/sqft
396 days on market
794 Neptune Ave, Leucadia, CA 92024
Premium

Sold above market average

4 beds4 baths3,082 sqft
$7,000,000
Apr 1, 2026
$2,271/sqft/sqft
672 days on market
231 5th St, Encinitas, CA 92024
Premium

Sold above market average

2 beds2 baths1,980 sqft
$5,750,000
May 1, 2026
$2,904/sqft/sqft
391 days on market
431 Orpheus Ave, Encinitas, CA 92024
Premium

Sold above market average

2 beds3 baths1,764 sqft
$2,468,500
Mar 1, 2026
$1,399/sqft/sqft
312 days on market
349 Horizon Dr, Encinitas, CA 92024
Value

Sold below market average

4 beds3 baths3,009 sqft
$2,455,000
Mar 1, 2026
$816/sqft/sqft
96 days on market
1062 Monterey Vista Way, Encinitas, CA 92024
Market Benchmark

Sold at market average

4 beds3 baths2,648 sqft
$2,450,000
May 1, 2026
$925/sqft/sqft
53 days on market
1873 Haymarket Rd, Encinitas, CA 92024
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds2 baths1,485 sqft
$1,995,000
May 1, 2026
$1,343/sqft/sqft
24 days on market
569-73 Hermes Ave, Encinitas, CA 92024
Premium

Sold above market average

2 beds1 baths952 sqft
$1,275,500
Apr 1, 2026
$1,340/sqft/sqft
72 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$6,963/mo
92024 Avg Rent
92024 Cost to Own
Rent$4,500
Own$11,463

20% down, 6.53% rate, 0.6% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

92024 Avg nightly rate
92024 Avg occupancy (days/year)
Nightly rate$320/night
Occupancy191 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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