Marina del Rey Market Report 2025: A Waterfront Market in Motion
- Hayley Stange
- Oct 21
- 4 min read
Marina del Rey has always lived at the edge of calm and motion. The water never stops moving, but the neighborhood itself feels grounded, familiar, and quietly upscale. What’s changing now is not the view—it’s the data behind the view.
The story of Marina del Rey today isn’t just told in boat slips and brunch patios. It’s written in the numbers, the property turnover, and the way people actually live here. This analysis draws from the 2025 Marina del Rey Market Report, prepared by Dogtown Realty’s own Ben Habakook, who pulled the latest data so you don’t have to.
Marina del Rey isn’t a single, uniform market. It’s a patchwork of micro-markets that behave differently: waterfront condos, tucked-away single-family homes west of Lincoln, and a growing set of new mixed-use developments near the marina. In this post we focus on the big picture. Later, we’ll break down each pocket individually to show where the movement really happens.
Marina by the Numbers
Home prices in Marina del Rey have remained remarkably steady for four straight years, with only a mild dip in 2025. Single-family homes and condos continue to move in parallel but not in sync. Condo prices eased slightly as more inventory entered the market, while single-family homes saw modest appreciation, driven by scarcity.
Income properties remain volatile simply because there aren’t many of them—each sale shifts the averages.
When broken down by bedroom count, the biggest price jumps occur between one-bedroom and two-bedroom condos. That jump underscores a growing preference for larger, livable spaces among working professionals who now make up the area’s core population.
Supply and Demand in Motion
Over the past six months, condo sales have increased while single-family transactions have slowed. That shift suggests more condo supply coming online and fewer detached homes available. Despite the difference in pace, both segments share one thing: quick turnover.
The median home in Marina del Rey spends about 20 days on market, one of the fastest timelines anywhere on the Westside. Well-priced listings still attract multiple offers, especially those with water access or marina views.
High-value sales continue to cluster around the Marina Peninsula, while single-family homes dominate west of Lincoln Boulevard. That geographic split has long defined the area and remains as clear in the data as it is on a map.
The Rental Pulse
Rents are still climbing, though the pace has been measured rather than dramatic. The median lease price now sits near $5,500, up gradually over the past few years.
At the same time, vacancy rates have increased, meaning rental units are taking longer to fill. That softening isn’t a weakness; it’s the market catching its breath after years of near-zero vacancy.
Price-to-rent ratios have decreased across all asset types. Sale prices dipped slightly while rents rose, improving returns for long-term investors. For property owners, this points to a stable, income-oriented environment—less hype, more consistency.
Who Lives Here Now
Over the past decade, Marina del Rey’s population has grown younger and more professional. The 35-to-44 age group now makes up almost a third of all residents, while the retirement-age population has declined.
Even so, Marina del Rey remains primarily a renter community: about 70% of households lease their homes. The result is a polished but transient energy—residents who love the waterfront lifestyle but value flexibility over permanence.
Development and Growth
Construction activity continues to shape the skyline. Since 2021, most new permits have been residential, with a meaningful share of commercial and apartment projects as well. The concentration remains strongest around the Marina Peninsula, where land use and visibility make every project count.
Key projects currently shaping the area include:
4206 Admiralty Way – Marina del Rey’s first fully affordable housing project, featuring about 120 units over seven stories with 2,250 sq ft of retail at street level.
Paseo Marina (Marina Marketplace Site) – A proposed redevelopment adding roughly 658 new residential units, 27,000 sq ft of retail, open public space, and underground parking.
42XX Campus – A new office and retail complex supporting the growing mix of residential and professional spaces along Admiralty.
Recently completed developments such as G8 / 4040 Del Rey Avenue, Neptune Marina Apartments, and the Marriott Dual-Branded Hotel (Residence Inn + Courtyard) reinforce the area’s transformation into a vibrant, full-service waterfront district.
What This Means for Buyers and Sellers
For Buyers:
Expect condo options to outnumber detached homes, especially near the marina.
Move quickly on well-priced listings; most sell within three weeks.
Waterfront and west-of-Lincoln homes hold value best, even in slower cycles.
For Sellers:
Correct pricing remains key. Even small overpricing can stall a listing.
The presentation gap is widening—staged, updated properties outperform dated ones by a wide margin.
High-end homes near the marina should highlight proximity to new development and retail growth.
The Takeaway
Marina del Rey enters 2026 on solid footing: balanced, desirable, and positioned for steady long-term growth. Prices are holding, rents are rising, and new development continues to reshape the skyline without flooding the market.
This is not a boom-and-bust story. It’s a story of quiet confidence—a coastal neighborhood that knows its worth and continues to refine itself with every tide change.
The full 2025 Marina del Rey Market Report offers a deeper dive into the data, including charts, permit maps, and demographic breakdowns.
Download the full report here:
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