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 May 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
$875,687
$582/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in San Diego County have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in San Diego County was $875,687 in May 2024, up 8.2% from last year, and the median price per square foot was $582.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $481.1K | +6.9% |
| 2 Bedrooms | $625K | $668.5K | +7.0% |
| 3 Bedrooms | $799.3K | $865K | +8.2% |
| 4 Bedrooms | $995.4K | $1.1M | +11.5% |
| 5+ Bedrooms | $1.4M | $1.6M | +11.7% |
Summary: San Diego County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Counties
| Orange County | $964.1K | $1.0M | +14.0% |
| San Diego County | $809.6K | $875.6K | +8.2% |
| Riverside County | $574.8K | $599K | +4.2% |
Housing Supply in San Diego County, CA
How many homes are available in San Diego County, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6,719 | 7,382 | +9.9% |
Summary: The San Diego County real estate market had 7,382 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 431 | 492 | +14.2% |
| 2 Bedrooms | 1,569 | 1,693 | +7.9% |
| 3 Bedrooms | 2,339 | 2,564 | +9.6% |
| 4 Bedrooms | 1,611 | 1,746 | +8.4% |
| 5+ Bedrooms | 769 | 887 | +15.3% |
Summary: The San Diego County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,969 | 1,960 | -0.5% |
Asking Price vs. Sold Price
637 Homes Were Sold
Under Asking
336 Homes Were Sold
At Asking
987 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. 50.4% of homes here sold above asking price last month.
Summary: A total of 1,960 homes were sold or pending in San Diego County in May 2024, down by 0.5% month-over-month. Of the 1,960 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +4.7% |
Summary: Homes in San Diego County had an average of 19 days on market in May 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
1,599 Homes Were Sold
Under 30 Days
300 Homes Were Sold
In 30 - 90 Days
61 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 May 2024, 1960 homes were sold in San Diego County; 82% of homes were sold within 30 days, 15% 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.