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 March 2023
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
$860,450
$574/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in San Diego County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in San Diego County was $860,450 in March 2024, up 4.8% from last year, and the median price per square foot was $574.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $461.6K | $475K | +2.9% |
| 2 Bedrooms | $635.5K | $657.7K | +3.5% |
| 3 Bedrooms | $803.4K | $850.2K | +5.8% |
| 4 Bedrooms | $1.0M | $1.0M | +6.5% |
| 5+ Bedrooms | $1.4M | $1.5M | +6.2% |
Summary: San Diego County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Counties
| Orange County | $982.8K | $1.0M | +7.6% |
| San Diego County | $821K | $860.4K | +4.8% |
| Riverside County | $579.8K | $589.7K | +1.7% |
Housing Supply in San Diego County, CA
How many homes are available in San Diego County, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5,752 | 6,025 | +4.7% |
Summary: The San Diego County real estate market had 6,025 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 366 | 417 | +13.9% |
| 2 Bedrooms | 1,383 | 1,425 | +3.0% |
| 3 Bedrooms | 1,978 | 2,050 | +3.6% |
| 4 Bedrooms | 1,375 | 1,441 | +4.8% |
| 5+ Bedrooms | 650 | 692 | +6.5% |
Summary: The San Diego County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,694 | 1,792 | +5.8% |
Asking Price vs. Sold Price
602 Homes Were Sold
Under Asking
329 Homes Were Sold
At Asking
861 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Diego County, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 1,792 homes were sold or pending in San Diego County in March 2024, up by 5.8% month-over-month. Of the 1,792 sold homes, 34% were sold under asking, 18% were sold at asking, and 48% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 22 Days | -25.8% |
Summary: Homes in San Diego County had an average of 22 days on market in Mar 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
1,429 Homes Were Sold
Under 30 Days
259 Homes Were Sold
In 30 - 90 Days
104 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 March 2024, 1792 homes were sold in San Diego County; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% 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.