Is Western 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, Western San Diego has remained a Seller's Market.
Key Takeaway
Western San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Western San Diego, CA
How much do homes in Western San Diego, CA cost?
Median Sold Price
$892,388
$775/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Western San Diego have sold for 3% more than they did a year ago.
Summary: The median home sold price in Western San Diego was $892,388 in May 2024, up 3% from last year, and the median price per square foot was $775.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470.7K | $498K | +5.8% |
| 2 Bedrooms | $727.2K | $770.5K | +5.9% |
| 3 Bedrooms | $1.3M | $1.3M | +4.5% |
| 4 Bedrooms | $1.8M | $1.8M | -2.7% |
| 5+ Bedrooms | $2.2M | $2.4M | +11.1% |
Summary: Western San Diego housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Roseville - Fleet Ridge | $1.7M | $1.8M | +5.3% |
| Western San Diego | $866.6K | $892.3K | +3.0% |
Housing Supply in Western San Diego, CA
How many homes are available in Western San Diego, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 330 | 406 | +23.0% |
Summary: The Western San Diego real estate market had 406 homes for sale in May 2024, a 23.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 53 | 67 | +26.4% |
| 2 Bedrooms | 130 | 153 | +17.7% |
| 3 Bedrooms | 85 | 111 | +30.6% |
| 4 Bedrooms | 42 | 59 | +40.5% |
| 5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The Western San Diego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 102 | 83 | -18.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Western San Diego, you could pay more than the asking price. 51.8% of homes here sold above asking price last month.
Summary: A total of 83 homes were sold or pending in Western San Diego in May 2024, down by 18.6% month-over-month. Of the 83 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Western San Diego, CA
How long does it take to sell a home in Western San Diego, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +5.7% |
Summary: Homes in Western San Diego had an average of 16 days on market in May 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Western San Diego are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 83 homes were sold in Western San Diego; 84% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.