Is Southeastern San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Southeastern San Diego has remained a Seller's Market.
Housing Prices in Southeastern San Diego, CA
How much do homes in Southeastern San Diego, CA cost?
Median Sold Price
$701,944
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southeastern San Diego was $701,944 in May 2024, up 8.5% from last year, and the median price per square foot was $529.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.5K | $407.5K | +7.9% |
2 Bedrooms | $520K | $570K | +9.6% |
3 Bedrooms | $642K | $695K | +8.3% |
4 Bedrooms | $695K | $753.2K | +8.4% |
5+ Bedrooms | $775K | $810K | +4.5% |
Summary: Southeastern San Diego housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Neighborhoods
Valencia Park | $676.5K | $757K | +11.9% |
Southeastern San Diego | $647.1K | $701.9K | +8.5% |
Housing Supply in Southeastern San Diego, CA
How many homes are available in Southeastern San Diego, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
164 | 165 | +0.6% |
Summary: The Southeastern San Diego real estate market had 165 homes for sale in May 2024, a 0.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 29 | 31 | +6.9% |
3 Bedrooms | 82 | 82 | 0.0% |
4 Bedrooms | 37 | 36 | -2.7% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Southeastern San Diego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 47 | -7.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Southeastern San Diego in May 2024, down by 7.8% month-over-month. Of the 47 sold homes, 34% were sold under asking, 9% were sold at asking, and 57% were sold over asking.
Days on Market for Southeastern San Diego, CA
How long does it take to sell a home in Southeastern San Diego, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 16 Days | +5.4% |
Summary: Homes in Southeastern San Diego had an average of 16 days on market in May 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Southeastern San Diego; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.