Is San Diego County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, San Diego County has remained a Seller's Market.
Key Takeaway
San Diego County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Diego County, CA
How much do homes in San Diego County, CA cost?
Median Sold Price
$840,607
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in San Diego County have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in San Diego County was $840,607 in November 2023, up 2.6% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $458.9K | $469K | +2.2% |
| 2 Bedrooms | $631.2K | $649.1K | +2.8% |
| 3 Bedrooms | $806.3K | $824.9K | +2.3% |
| 4 Bedrooms | $1.0M | $1.0M | 0.4% |
| 5+ Bedrooms | $1.5M | $1.5M | +0.7% |
Summary: San Diego County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Counties
| San Diego County | $819.4K | $840.6K | +2.6% |
| Orange County | $992.7K | $1.0M | +2.1% |
| Riverside County | $584K | $576.1K | -1.4% |
Housing Supply in San Diego County, CA
How many homes are available in San Diego County, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 5,560 | 5,238 | -5.8% |
Summary: The San Diego County real estate market had 5,238 homes for sale in November 2023, a 5.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 330 | 337 | +2.1% |
| 2 Bedrooms | 1,327 | 1,267 | -4.5% |
| 3 Bedrooms | 1,909 | 1,745 | -8.6% |
| 4 Bedrooms | 1,332 | 1,242 | -6.8% |
| 5+ Bedrooms | 662 | 647 | -2.3% |
Summary: The San Diego County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1,681 | 1,310 | -22.1% |
Asking Price vs. Sold Price
561 Homes Were Sold
Under Asking
223 Homes Were Sold
At Asking
526 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Diego County, you may be able to get a good deal. 42.8% of homes here sold below asking price last month.
Summary: A total of 1,310 homes were sold or pending in San Diego County in November 2023, down by 22.1% month-over-month. Of the 1,310 sold homes, 43% were sold under asking, 17% were sold at asking, and 40% were sold over asking.
Days on Market for San Diego County, CA
How long does it take to sell a home in San Diego County, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 29 Days | 21 Days | -25.1% |
Summary: Homes in San Diego County had an average of 21 days on market in Nov 2023, down by 25.1% compared to last year.
Breakdown of Home Sale Times
1,003 Homes Were Sold
Under 30 Days
262 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Diego County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 1310 homes were sold in San Diego County; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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.