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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northern San Diego is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Northern San Diego, CA

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

Median Sold Price

$1,499,066

$892/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$171,369(+12.9%)

Key Takeaway

Homes in Northern San Diego have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Northern San Diego was $1,499,066 in November 2024, up 12.9% from last year, and the median price per square foot was $892.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $550K$602K
+9.5%
2 $885K$930.2K
+5.1%
3 $1.4M$1.5M
+7.3%
4 $1.9M$2.2M
+14.3%
5+ $2.5M$3.0M
+18.8%

Summary: Northern San Diego housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 18.8%.

Housing Supply in Northern San Diego, CA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
585578-1.2%

Summary: The Northern San Diego real estate market had 578 homes for sale in November 2024, a 1.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5957
-3.4%
2 155162
+4.5%
3 193171
-11.4%
4 98104
+6.1%
5+ 8084
+5.0%

Summary: The Northern San Diego housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
149109-26.8%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northern San Diego, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.

Summary: A total of 109 homes were sold or pending in Northern San Diego in November 2024, down by 26.8% month-over-month. Of the 109 sold homes, 58% were sold under asking, 16% were sold at asking, and 27% were sold over asking.

Days on Market for Northern San Diego, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days31 Days+2.7%

Summary: Homes in Northern San Diego had an average of 31 days on market in Nov 2024, up by 2.7% compared to last year.

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 109 homes were sold in Northern San Diego; 59% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 6% 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 25 Days Ago

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