Is Eastern San Diego, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastern San Diego is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Eastern San Diego has remained a Seller's Market.

Key Takeaway

Eastern San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Eastern San Diego, CA

How much do homes in Eastern San Diego, CA cost?

Median Sold Price

$950,000

$632/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$59,524(+6.7%)

Key Takeaway

Homes in Eastern San Diego have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Eastern San Diego was $950,000 in November 2024, up 6.7% from last year, and the median price per square foot was $632.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $409.9K$432.5K
+5.5%
2 $615K$636.9K
+3.6%
3 $909.2K$971.2K
+6.8%
4 $1.0M$1.1M
+11.5%
5+ $1.2M$1.3M
+6.4%

Summary: Eastern San Diego housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Neighborhoods

Del Cerro
+20.2%
San Carlos
+9.4%
Allied Gardens
+7.3%
Eastern San Diego
+6.7%

Housing Supply in Eastern San Diego, CA

How many homes are available in Eastern San Diego, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
330315-4.5%

Summary: The Eastern San Diego real estate market had 315 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3029
-3.3%
2 8078
-2.5%
3 123113
-8.1%
4 8079
-1.3%
5+ 1716
-5.9%

Summary: The Eastern San Diego housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9984-15.2%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eastern San Diego, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.

Summary: A total of 84 homes were sold or pending in Eastern San Diego in November 2024, down by 15.2% month-over-month. Of the 84 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.

Days on Market for Eastern San Diego, CA

How long does it take to sell a home in Eastern San Diego, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days24 Days+47.3%

Summary: Homes in Eastern San Diego had an average of 24 days on market in Nov 2024, up by 47.3% compared to last year.

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eastern San Diego are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 84 homes were sold in Eastern San Diego; 70% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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