Is Southern San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southern San Diego has remained a Seller's Market.
Housing Prices in Southern San Diego, CA
How much do homes in Southern San Diego, CA cost?
Median Sold Price
$740,000
$494/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southern San Diego was $740,000 in April 2024, up 8.1% from last year, and the median price per square foot was $494.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362.5K | $395K | +9.0% |
2 Bedrooms | $544.9K | $560.5K | +2.8% |
3 Bedrooms | $675K | $730K | +8.1% |
4 Bedrooms | $720K | $775K | +7.6% |
5+ Bedrooms | $825K | $930K | +12.7% |
Summary: Southern San Diego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
Southern San Diego | $684.7K | $740K | +8.1% |
Otay Mesa West | $667K | $715K | +7.2% |
Housing Supply in Southern San Diego, CA
How many homes are available in Southern San Diego, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 201 | +11.7% |
Summary: The Southern San Diego real estate market had 201 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 37 | 37 | 0.0% |
3 Bedrooms | 66 | 75 | +13.6% |
4 Bedrooms | 52 | 60 | +15.4% |
5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Southern San Diego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 55 | +34.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Southern San Diego in April 2024, up by 34.1% month-over-month. Of the 55 sold homes, 35% were sold under asking, 16% were sold at asking, and 49% were sold over asking.
Days on Market for Southern San Diego, CA
How long does it take to sell a home in Southern San Diego, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 26 Days | +22.9% |
Summary: Homes in Southern San Diego had an average of 26 days on market in Apr 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Southern San Diego; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.