$10,000 Closing Credit*
$1,319,900
2,187 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kim Klecan, Listing Office: San Terra Properties
Is San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Diego has remained a Seller's Market.
Key Takeaway
San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Diego, CA
How much do homes in San Diego, CA cost?
Median Sold Price
$947,861
$699/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$71,215(+8.1%)
Key Takeaway
Homes in San Diego have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in San Diego was $947,861 in October 2024, up 8.1% from last year, and the median price per square foot was $699.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $479.9K | $489.8K | +2.1% |
| 2 Bedrooms | $717.8K | $744.3K | +3.7% |
| 3 Bedrooms | $954.3K | $1.0M | +9.8% |
| 4 Bedrooms | $1.2M | $1.3M | +13.7% |
| 5+ Bedrooms | $1.8M | $2.1M | +12.1% |
Summary: San Diego housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
| La Jolla | $1.9M | $2.2M | +17.7% |
| La Mesa | $792.5K | $863.5K | +9.0% |
| Lemon Grove | $680K | $739K | +8.7% |
| San Diego | $876.6K | $947.8K | +8.1% |
| Santee | $728.1K | $772.4K | +6.1% |
Housing Supply in San Diego, CA
How many homes are available in San Diego, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,889 | 3,098 | +7.2% |
Summary: The San Diego real estate market had 3,098 homes for sale in October 2024, a 7.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 303 | 342 | +12.9% |
| 2 Bedrooms | 861 | 952 | +10.6% |
| 3 Bedrooms | 925 | 974 | +5.3% |
| 4 Bedrooms | 554 | 574 | +3.6% |
| 5+ Bedrooms | 246 | 256 | +4.1% |
Summary: The San Diego housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 705 | 753 | +6.8% |
Asking Price vs. Sold Price
395 Homes Were Sold
Under Asking
122 Homes Were Sold
At Asking
236 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Diego, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 753 homes were sold or pending in San Diego in October 2024, up by 6.8% month-over-month. Of the 753 sold homes, 52% were sold under asking, 16% were sold at asking, and 31% were sold over asking.
Days on Market for San Diego, CA
How long does it take to sell a home in San Diego, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 26 Days | +32.3% |
Summary: Homes in San Diego had an average of 26 days on market in Oct 2024, up by 32.3% compared to last year.
Breakdown of Home Sale Times
535 Homes Were Sold
Under 30 Days
189 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Diego are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 753 homes were sold in San Diego; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% 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.