Is San Diego, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Diego is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, San Diego has remained a Seller's Market.

Key Takeaway

San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in San Diego, CA cost?

Median Sold Price

$850,057

$649/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$117,326(+16.0%)

Key Takeaway

Homes in San Diego have sold for 16% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $399.5K$478.7K
+19.8%
2 $580.5K$700.2K
+20.6%
3 $800.1K$940.4K
+17.5%
4 $1.0M$1.2M
+19.1%
5+ $1.6M$1.8M
+14.1%

Median Sold Price Compared To Nearby Cities

La Jolla
+35.4%
San Diego
+16.0%
Lemon Grove
+14.5%
Santee
+13.9%
La Mesa
+9.4%

How many homes are available in San Diego, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
2,8022,682-4.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 261250
-4.2%
2 814777
-4.5%
3 921847
-8.0%
4 571580
+1.6%
5+ 235228
-3.0%

Number of Homes Sold

Sep 2022Oct 2022%
877656-25.2%

Asking Price vs. Sold Price

366 Homes Were Sold
Under Asking

105 Homes Were Sold
At Asking

185 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Diego, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
15 Days24 Days+64.5%

Breakdown of Home Sale Times

464 Homes Were Sold
Under 30 Days

175 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Diego are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About San Diego, CA

There are 2,682 homes are for sale in San Diego, CA real estate market. The inventory of homes for sale in San Diego, CA between September 2022 and October 2022 decreased by 4.3%. In October 2022 median list price was $850,057 and the average listing age was 24 days. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 19.8%, 2 bedrooms properties prices increased by 20.6%, prices of 3 bedrooms properties increased by 17.5%, prices of 4 bedrooms properties increased by 19.1%, the cost of 5 bedrooms properties went up by 14.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 4.2%, volume of 2 bedrooms homes went down by 4.5%, volume of 3 bedrooms homes went down by 8%, 4 bedrooms homes became 1.6% more available, 5 bedrooms homes became 3% less available. In October 2022, from all listings sold in San Diego, CA there were more than 185 sold above asking price, over 366 sold below and more than 105 were sold right at the asked price.

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