Is Central San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Central San Diego has remained a Seller's Market.
Key Takeaway
Central San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central San Diego, CA
How much do homes in Central San Diego, CA cost?
Median Sold Price
$787,650
$760/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Central San Diego have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Central San Diego was $787,650 in May 2024, up 5.1% from last year, and the median price per square foot was $760.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $545K | $564K | +3.5% |
| 2 Bedrooms | $876K | $913.1K | +4.2% |
| 3 Bedrooms | $1.0M | $1.1M | +6.7% |
| 4 Bedrooms | $1.1M | $1.3M | +15.8% |
| 5+ Bedrooms | $1.0M | $1.5M | +45.4% |
Summary: Central San Diego housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 45.4%.
Housing Supply in Central San Diego, CA
How many homes are available in Central San Diego, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 291 | 356 | +22.3% |
Summary: The Central San Diego real estate market had 356 homes for sale in May 2024, a 22.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 101 | 113 | +11.9% |
| 2 Bedrooms | 149 | 183 | +22.8% |
| 3 Bedrooms | 28 | 41 | +46.4% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Central San Diego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 46.4%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 68 | +19.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central San Diego, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Central San Diego in May 2024, up by 19.3% month-over-month. Of the 68 sold homes, 50% were sold under asking, 22% were sold at asking, and 28% were sold over asking.
Days on Market for Central San Diego, CA
How long does it take to sell a home in Central San Diego, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 29 Days | +79.5% |
Summary: Homes in Central San Diego had an average of 29 days on market in May 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central San Diego are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 68 homes were sold in Central San Diego; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% 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.