Is Eastern 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, Eastern San Diego has remained a Seller's Market.
Key Takeaway
Eastern San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eastern San Diego, CA
How much do homes in Eastern San Diego, CA cost?
Median Sold Price
$916,464
$605/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eastern San Diego have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Eastern San Diego was $916,464 in April 2024, up 5.7% from last year, and the median price per square foot was $605.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $425.5K | +6.4% |
| 2 Bedrooms | $626.2K | $623K | -0.5% |
| 3 Bedrooms | $900K | $949K | +5.4% |
| 4 Bedrooms | $1.0M | $1.1M | +8.0% |
| 5+ Bedrooms | $1.2M | $1.3M | +6.1% |
Summary: Eastern San Diego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Del Cerro | $1.1M | $1.2M | +7.4% |
| Eastern San Diego | $867K | $916.4K | +5.7% |
| San Carlos | $955.5K | $1.0M | +5.2% |
| Allied Gardens | $900K | $910K | +1.1% |
Housing Supply in Eastern San Diego, CA
How many homes are available in Eastern San Diego, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 254 | 282 | +11.0% |
Summary: The Eastern San Diego real estate market had 282 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 32 | +28.0% |
| 2 Bedrooms | 61 | 62 | +1.6% |
| 3 Bedrooms | 91 | 111 | +22.0% |
| 4 Bedrooms | 62 | 61 | -1.6% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Eastern San Diego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 22%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 94 | 99 | +5.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastern San Diego, you could pay more than the asking price. 52.5% of homes here sold above asking price last month.
Summary: A total of 99 homes were sold or pending in Eastern San Diego in April 2024, up by 5.3% month-over-month. Of the 99 sold homes, 34% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Eastern San Diego, CA
How long does it take to sell a home in Eastern San Diego, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 15 Days | -19.8% |
Summary: Homes in Eastern San Diego had an average of 15 days on market in Apr 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastern San Diego are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 99 homes were sold in Eastern San Diego; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% 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.