Is Northeastern San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Northeastern San Diego has remained a Seller's Market.
Housing Prices in Northeastern San Diego, CA
How much do homes in Northeastern San Diego, CA cost?
Median Sold Price
$1,026,636
$647/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northeastern San Diego was $1,026,636 in May 2024, up 11.9% from last year, and the median price per square foot was $647.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $465K | +9.4% |
2 Bedrooms | $637K | $660.6K | +3.7% |
3 Bedrooms | $965K | $1.0M | +11.7% |
4 Bedrooms | $1.2M | $1.3M | +14.6% |
5+ Bedrooms | $1.5M | $1.6M | +5.4% |
Summary: Northeastern San Diego housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
Northeastern San Diego | $917.2K | $1.0M | +11.9% |
Oaks North | $745K | $795K | +6.7% |
Seven Oaks | $800K | $820.5K | +2.6% |
Housing Supply in Northeastern San Diego, CA
How many homes are available in Northeastern San Diego, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
360 | 436 | +21.1% |
Summary: The Northeastern San Diego real estate market had 436 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 17 | +30.8% |
2 Bedrooms | 106 | 127 | +19.8% |
3 Bedrooms | 112 | 141 | +25.9% |
4 Bedrooms | 93 | 109 | +17.2% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The Northeastern San Diego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
127 | 138 | +8.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
85 Homes Were Sold
Over Asking
Summary: A total of 138 homes were sold or pending in Northeastern San Diego in May 2024, up by 8.7% month-over-month. Of the 138 sold homes, 25% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for Northeastern San Diego, CA
How long does it take to sell a home in Northeastern San Diego, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 12 Days | -30.1% |
Summary: Homes in Northeastern San Diego had an average of 12 days on market in May 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
125 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 138 homes were sold in Northeastern San Diego; 91% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.