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 April 2023
Since last year, Northern San Diego has remained a Seller's Market.
Key Takeaway
Northern San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northern San Diego, CA
How much do homes in Northern San Diego, CA cost?
Median Sold Price
$1,430,442
$858/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northern San Diego have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Northern San Diego was $1,430,442 in April 2024, up 9.7% from last year, and the median price per square foot was $858.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $581.5K | +5.7% |
| 2 Bedrooms | $875K | $910.1K | +4.0% |
| 3 Bedrooms | $1.4M | $1.5M | +1.8% |
| 4 Bedrooms | $1.9M | $2.1M | +8.8% |
| 5+ Bedrooms | $2.6M | $2.6M | -0.9% |
Summary: Northern San Diego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Northern San Diego | $1.3M | $1.4M | +9.7% |
| Torrey Hills | $2.0M | $1.9M | -8.3% |
Housing Supply in Northern San Diego, CA
How many homes are available in Northern San Diego, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 459 | 508 | +10.7% |
Summary: The Northern San Diego real estate market had 508 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 54 | +25.6% |
| 2 Bedrooms | 122 | 135 | +10.7% |
| 3 Bedrooms | 127 | 146 | +15.0% |
| 4 Bedrooms | 104 | 104 | 0.0% |
| 5+ Bedrooms | 63 | 69 | +9.5% |
Summary: The Northern San Diego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 139 | +3.7% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northern San Diego, you may be able to get a good deal. 49.6% of homes here sold below asking price last month.
Summary: A total of 139 homes were sold or pending in Northern San Diego in April 2024, up by 3.7% month-over-month. Of the 139 sold homes, 50% were sold under asking, 12% were sold at asking, and 39% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -15.4% |
Summary: Homes in Northern San Diego had an average of 19 days on market in Apr 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northern San Diego are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 139 homes were sold in Northern San Diego; 82% of homes were sold within 30 days, 16% 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.