Is San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, San Diego has remained a Seller's Market.
Housing Prices in San Diego, CA
How much do homes in San Diego, CA cost?
Median Sold Price
$929,895
$691/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in San Diego was $929,895 in June 2024, up 9% from last year, and the median price per square foot was $691.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470.5K | $495.5K | +5.3% |
2 Bedrooms | $701.3K | $748.7K | +6.7% |
3 Bedrooms | $925.2K | $1.0M | +11.9% |
4 Bedrooms | $1.1M | $1.3M | +11.5% |
5+ Bedrooms | $1.8M | $2.0M | +10.4% |
Summary: San Diego housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
La Jolla | $1.9M | $2.2M | +14.4% |
La Mesa | $762.7K | $843.3K | +10.6% |
Lemon Grove | $666K | $730K | +9.6% |
San Diego | $852.8K | $929.8K | +9.0% |
Santee | $712.7K | $766K | +7.5% |
Housing Supply in San Diego, CA
How many homes are available in San Diego, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,811 | 3,017 | +7.3% |
Summary: The San Diego real estate market had 3,017 homes for sale in June 2024, a 7.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 320 | 354 | +10.6% |
2 Bedrooms | 860 | 898 | +4.4% |
3 Bedrooms | 844 | 918 | +8.8% |
4 Bedrooms | 512 | 541 | +5.7% |
5+ Bedrooms | 275 | 306 | +11.3% |
Summary: The San Diego housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
865 | 723 | -16.4% |
Asking Price vs. Sold Price
298 Homes Were Sold
Under Asking
107 Homes Were Sold
At Asking
318 Homes Were Sold
Over Asking
Summary: A total of 723 homes were sold or pending in San Diego in June 2024, down by 16.4% month-over-month. Of the 723 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% were sold over asking.
Days on Market for San Diego, CA
How long does it take to sell a home in San Diego, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 19 Days | +18.8% |
Summary: Homes in San Diego had an average of 19 days on market in Jun 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
588 Homes Were Sold
Under 30 Days
121 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During June 2024, 723 homes were sold in San Diego; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.