Is Central 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, Central San Diego has remained a Seller's Market.
Housing Prices in Central San Diego, CA
How much do homes in Central San Diego, CA cost?
Median Sold Price
$791,861
$761/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central San Diego was $791,861 in April 2024, up 5.6% from last year, and the median price per square foot was $761.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $565K | +2.7% |
2 Bedrooms | $879.6K | $925K | +5.2% |
3 Bedrooms | $1.0M | $1.1M | +3.3% |
4 Bedrooms | $892K | $1.4M | +65.4% |
5+ Bedrooms | $1.0M | $1.5M | +50.9% |
Summary: Central San Diego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 65.4%, and 5+ bedroom homes increased by 50.9%.
Housing Supply in Central San Diego, CA
How many homes are available in Central San Diego, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
265 | 317 | +19.6% |
Summary: The Central San Diego real estate market had 317 homes for sale in April 2024, a 19.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 85 | 111 | +30.6% |
2 Bedrooms | 135 | 162 | +20.0% |
3 Bedrooms | 34 | 30 | -11.8% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Central San Diego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.6%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 55 | -9.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Central San Diego in April 2024, down by 9.8% month-over-month. Of the 55 sold homes, 60% were sold under asking, 15% were sold at asking, and 25% were sold over asking.
Days on Market for Central San Diego, CA
How long does it take to sell a home in Central San Diego, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 26 Days | +3.0% |
Summary: Homes in Central San Diego had an average of 26 days on market in Apr 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Central San Diego; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.