Is San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$939,489
$696/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$78,240(+9.1%)
Key Takeaway
Homes in San Diego have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in San Diego was $939,489 in August 2024, up 9.1% from last year, and the median price per square foot was $696.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470.4K | $490.6K | + 4.3% |
2 Bedrooms | $709.8K | $748.3K | + 5.4% |
3 Bedrooms | $942.2K | $1.0M | + 10.4% |
4 Bedrooms | $1.2M | $1.3M | + 11.7% |
5+ Bedrooms | $1.7M | $2.0M | + 16.3% |
Summary: San Diego housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
CITY | Aug 2023 | Aug 2024 | CHANGE |
---|---|---|---|
La Jolla | $1.8M | $2.2M | + 17.8% |
La Mesa | $780.7K | $853.3K | + 9.3% |
San Diego | $861.2K | $939.4K | + 9.1% |
Lemon Grove | $671K | $730K | + 8.8% |
Santee | $725K | $767.2K | + 5.8% |
Housing Supply in San Diego, CA
How many homes are available in San Diego, CA?
Number of Homes For Sale
Jul 2024 | Aug 2024 | CHANGE |
---|---|---|
2,884 | 3,201 | +11.0% |
Summary: The San Diego real estate market had 3,201 homes for sale in August 2024, a 11.0% increase compared to July 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 313 | 345 | + 10.2% |
2 Bedrooms | 884 | 989 | + 11.9% |
3 Bedrooms | 887 | 964 | + 8.7% |
4 Bedrooms | 542 | 618 | + 14.0% |
5+ Bedrooms | 258 | 285 | + 10.5% |
Summary: The San Diego housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Jul 2024 | Aug 2024 | CHANGE |
---|---|---|
830 | 782 | -5.8% |
Asking Price vs. Sold Price
357 Homes Were Sold
Under Asking
136 Homes Were Sold
At Asking
289 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. 45.7% of homes here sold below asking price last month.
Summary: A total of 782 homes were sold or pending in San Diego in August 2024, down by 5.8% month-over-month. Of the 782 sold homes, 46% were sold under asking, 17% were sold at asking, and 37% 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
Aug 2023 | Aug 2024 | CHANGE |
---|---|---|
17 Days | 22 Days | +26.5% |
Summary: Homes in San Diego had an average of 22 days on market in Aug 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
574 Homes Were Sold
Under 30 Days
188 Homes Were Sold
In 30 - 90 Days
20 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 August 2024, 782 homes were sold in San Diego; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% 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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Newest Listings in San Diego, CA
What homes are available in San Diego, CA?
See More Listings
$10,000 Closing Credit*
$1,120,900
1,959 SqFt
3 Beds
•
2 Full Baths, 1 Partial
11307 Jacob Ln, San Diego CA, 92129
Mark Schultz, Listing Office: Mark Schultz Broker
$5,694 Closing Credit*
$479,500
548 SqFt
1 Bed
•
1 Full Bath
4747 Hamilton St Unit 2, San Diego CA, 92116
Sinan Zakaria, Listing Office: Capital Realty Group
$10,000 Closing Credit*
$869,999
1,102 SqFt
2 Beds
•
2 Full Baths
3845 Elijah Ct Unit 634, San Diego CA, 92130
Diana Gallardi, Listing Office: AARE
$10,000 Closing Credit*
$869,900
1,395 SqFt
3 Beds
•
2 Full Baths
16494 Ramada Dr, San Diego CA, 92128
Yoni Breziner, Listing Office: Keller Williams Realty
$10,000 Closing Credit*
$1,179,000
1,905 SqFt
3 Beds
•
2 Full Baths, 1 Partial
12107 Royal Lytham Row, San Diego CA, 92128
Brian Reifeiss, Listing Office: RE/MAX Connections
$10,000 Closing Credit*
$876,000
1,322 SqFt
2 Beds
•
2 Full Baths
11259 Provencal Pl, San Diego CA, 92128
James Vo, Listing Office: Rising Sun Mortgage / Realty
$10,000 Closing Credit*
$1,539,000
1,953 SqFt
3 Beds
•
2 Full Baths
12221 Mirasol Pl, San Diego CA, 92128
George Fillippis, Listing Office: Real Broker
$6,614 Closing Credit*
$557,000
791 SqFt
1 Bed
•
1 Full Bath
850Beech Street 417, San Diego CA, 92101
Reena Chatkara, Listing Office: HomeSmart Realty West
$10,000 Closing Credit*
$1,068,000
1,688 SqFt
3 Beds
•
3 Full Baths
16750 Coyote Bush Dr Unit 61, San Diego CA, 92127
David Flores, Listing Office: eXp Realty of California, Inc.
$77 Closing Credit*
$6,500
1,400 SqFt
3 Beds
•
1 Full Bath, 1 Partial
4671 Terrace, San Diego CA, 92116
Eric Meeler, Listing Office: Real Broker
$10,000 Closing Credit*
$1,149,000
1,444 SqFt
3 Beds
•
2 Full Baths, 1 Partial
17690 Azucar Way, San Diego CA, 92127
Kim Trinh, Listing Office: First Team Real Estate
$10,000 Closing Credit*
$1,595,000
1,178 SqFt
2 Beds
•
2 Full Baths
733 Whiting Ct, San Diego CA, 92109
Carlos Gutierrez, Listing Office: eXp Realty of California, Inc.
Nearby Markets to San Diego, CA
What housing markets are near San Diego, CA?
- Santee Housing Market
- La Mesa Housing Market
- La Jolla Housing Market
- Lemon Grove Housing Market
- El Cajon Housing Market
- Poway Housing Market
- Del Mar Housing Market
- National City Housing Market
- Coronado Housing Market
- Solana Beach Housing Market
- Chula Vista Housing Market
- Escondido Housing Market
- Imperial Beach Housing Market
- Ramona Housing Market
- Jamul Housing Market
- Oceanside-Escondido Housing Market
MLS Disclaimers and Copyright
Based on information from California Regional MLS for the period 09/01/2022 - 09/01/2024
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.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/17/2024, 8:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at [email protected].
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