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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Western San Diego is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Western San Diego, CA

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

Median Sold Price

$962,114

$786/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$105,180(+12.3%)

Key Takeaway

Homes in Western San Diego have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Western San Diego was $962,114 in November 2024, up 12.3% from last year, and the median price per square foot was $786.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $480K$479K
-0.2%
2 $736K$759.2K
+3.2%
3 $1.3M$1.3M
0.0%
4 $1.8M$1.9M
+8.7%
5+ $2.2M$2.4M
+7.7%

Summary: Western San Diego housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 3.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Neighborhoods

Western San Diego
+12.3%
Roseville - Fleet Ridge
+8.6%

Housing Supply in Western San Diego, CA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
434423-2.5%

Summary: The Western San Diego real estate market had 423 homes for sale in November 2024, a 2.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4951
+4.1%
2 176161
-8.5%
3 126121
-4.0%
4 6766
-1.5%
5+ 1624
+50.0%

Summary: The Western San Diego housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10889-17.6%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Western San Diego, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in Western San Diego in November 2024, down by 17.6% month-over-month. Of the 89 sold homes, 48% were sold under asking, 18% were sold at asking, and 34% were sold over asking.

Days on Market for Western San Diego, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days23 Days+47.8%

Summary: Homes in Western San Diego had an average of 23 days on market in Nov 2024, up by 47.8% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 89 homes were sold in Western San Diego; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 1% 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

Newest Listings in Western San Diego, CA

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