Is Northern 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, Northern San Diego has remained a Seller's Market.
Housing Prices in Northern San Diego, CA
How much do homes in Northern San Diego, CA cost?
Median Sold Price
$1,452,389
$866/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northern San Diego was $1,452,389 in May 2024, up 11.7% from last year, and the median price per square foot was $866.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $545K | $596K | +9.4% |
2 Bedrooms | $874.7K | $911.1K | +4.2% |
3 Bedrooms | $1.4M | $1.5M | +5.1% |
4 Bedrooms | $1.9M | $2.0M | +10.2% |
5+ Bedrooms | $2.6M | $2.6M | +0.9% |
Summary: Northern 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 4.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in Northern San Diego, CA
How many homes are available in Northern San Diego, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
504 | 569 | +12.9% |
Summary: The Northern San Diego real estate market had 569 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 48 | 63 | +31.3% |
2 Bedrooms | 141 | 159 | +12.8% |
3 Bedrooms | 143 | 148 | +3.5% |
4 Bedrooms | 106 | 119 | +12.3% |
5+ Bedrooms | 66 | 80 | +21.2% |
Summary: The Northern San Diego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
148 | 157 | +6.1% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
72 Homes Were Sold
Over Asking
Summary: A total of 157 homes were sold or pending in Northern San Diego in May 2024, up by 6.1% month-over-month. Of the 157 sold homes, 40% were sold under asking, 14% were sold at asking, and 46% were sold over asking.
Days on Market for Northern San Diego, CA
How long does it take to sell a home in Northern San Diego, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 22 Days | +24.3% |
Summary: Homes in Northern San Diego had an average of 22 days on market in May 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
128 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 157 homes were sold in Northern San Diego; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.