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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeastern San Diego is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Northeastern San Diego, CA

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

Median Sold Price

$1,047,409

$669/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$95,642(+10.0%)

Key Takeaway

Homes in Northeastern San Diego have sold for 10% more than they did a year ago.

Summary: The median home sold price in Northeastern San Diego was $1,047,409 in October 2024, up 10% from last year, and the median price per square foot was $669.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $440K$465K
+5.7%
2 $639K$691K
+8.1%
3 $1.0M$1.1M
+10.8%
4 $1.2M$1.4M
+12.6%
5+ $1.5M$1.7M
+9.1%

Summary: Northeastern San Diego housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Neighborhoods

Northeastern San Diego
+10.0%
Oaks North
+9.6%
Seven Oaks
+1.3%

Housing Supply in Northeastern San Diego, CA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440470+6.8%

Summary: The Northeastern San Diego real estate market had 470 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1924
+26.3%
2 150150
0.0%
3 134147
+9.7%
4 113122
+8.0%
5+ 2427
+12.5%

Summary: The Northeastern San Diego housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
121125+3.3%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeastern San Diego, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.

Summary: A total of 125 homes were sold or pending in Northeastern San Diego in October 2024, up by 3.3% month-over-month. Of the 125 sold homes, 55% were sold under asking, 10% were sold at asking, and 34% were sold over asking.

Days on Market for Northeastern San Diego, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days18 Days+47.2%

Summary: Homes in Northeastern San Diego had an average of 18 days on market in Oct 2024, up by 47.2% compared to last year.

Breakdown of Home Sale Times

101 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 125 homes were sold in Northeastern 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.

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

Report Updated 24 Days Ago

Newest Listings in Northeastern San Diego, CA

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