Is 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, 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
$914,809
$680/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Diego was $914,809 in April 2024, up 7.6% from last year, and the median price per square foot was $680.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480.3K | $488K | +1.6% |
2 Bedrooms | $704.2K | $739.7K | +5.0% |
3 Bedrooms | $930.5K | $1.0M | +7.8% |
4 Bedrooms | $1.1M | $1.2M | +8.4% |
5+ Bedrooms | $1.7M | $1.9M | +8.5% |
Summary: San Diego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
San Diego | $850.2K | $914.8K | +7.6% |
La Mesa | $769.9K | $827.8K | +7.5% |
La Jolla | $1.9M | $2.0M | +5.9% |
Lemon Grove | $668.5K | $705K | +5.5% |
Santee | $714.1K | $750K | +5.0% |
Housing Supply in San Diego, CA
How many homes are available in San Diego, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,359 | 2,612 | +10.7% |
Summary: The San Diego real estate market had 2,612 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 | 269 | 307 | +14.1% |
2 Bedrooms | 674 | 755 | +12.0% |
3 Bedrooms | 730 | 784 | +7.4% |
4 Bedrooms | 460 | 505 | +9.8% |
5+ Bedrooms | 226 | 261 | +15.5% |
Summary: The San Diego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 15.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
757 | 751 | -0.8% |
Asking Price vs. Sold Price
271 Homes Were Sold
Under Asking
101 Homes Were Sold
At Asking
379 Homes Were Sold
Over Asking
Summary: A total of 751 homes were sold or pending in San Diego in April 2024, down by 0.8% month-over-month. Of the 751 sold homes, 36% were sold under asking, 13% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 18 Days | -13.8% |
Summary: Homes in San Diego had an average of 18 days on market in Apr 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
635 Homes Were Sold
Under 30 Days
96 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 751 homes were sold in San Diego; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.