San Diego County Real Estate Market Update – February 24, 2025 📊🏡

The San Diego housing market is shifting week by week, and whether you're buying, selling, or just keeping an eye on things, you need real-time insights to stay ahead. Let’s break down the latest numbers and what they mean for you.

📊 Market Snapshot (2/24/25)

🏠 Detached Homes (Single-Family Homes)

• New Listings: 362 (+36 from last week) – More options hitting the market
• Pending Sales: 317 (+81 from last week) – Buyers are making moves
• Closed Sales: 215 (+15 from last week) – Steady demand
• Average Days on Market: 33 days (⬇ 1 day) – Homes selling slightly faster
• Median Sold Price: $1,125,000 (⬆ 9.8% YoY) – Prices continue climbing
• Median Price per Sq. Ft.: $605.57 (⬆ 0.03% YoY) – Holding steady

🏢 Attached Homes (Condos & Townhomes)

• New Listings: 242 (+26 from last week) – More choices for buyers
• Pending Sales: 162 (+17 from last week) – Demand remains strong
• Closed Sales: 132 (+20 from last week) – Sales picking up
• Average Days on Market: 42 days (⬆ 2 days) – A slight slowdown
• Median Sold Price: $685,000 (⬇ 2.5% YoY) – A dip presents buying opportunities
• Median Price per Sq. Ft.: $578.73 (⬇ 2.5% YoY) – Trending lower

💡 Key Market Trends & What They Mean for You

📈 More Homes Are Hitting the Market
Buyers, take note! The increase in listings for both detached and attached homes means more choices and less competition on some properties.

🔥 Buyer Demand is Staying Strong
Pending sales jumped significantly—+81 for detached homes and +17 for condos/townhomes—meaning well-priced homes are still moving quickly.

💰 Detached Home Prices Keep Climbing
The median price for single-family homes now sits at $1,125,000, marking a 9.8% year-over-year increase. This continues to be a seller’s market in the detached home segment.

📉 Condo & Townhome Prices Softened—A Window for Buyers?
The median price for attached homes fell 2.5% YoY, creating a potential opportunity for buyers looking to enter the market at a lower price point.

⏳ Homes Are Selling, But Speed Varies

• Detached homes: 33 days on the market—slightly faster than last week
• Attached homes: 42 days—taking a bit longer to sell

🔎 What This Means for Buyers & Sellers

🎯 If You’re a Buyer:

• More inventory gives you better selection, but strong demand means acting fast
• Detached home prices are still rising—waiting could cost you
• Pre-approval is key—competitive homes are getting snapped up quickly

📢 If You’re a Seller:

• Detached homes are in high demand—if you’ve considered selling, now is a great time
• More competition is entering the market—pricing and presentation matter more than ever
• Homes that are priced right and marketed well are still selling fast

📍 Final Thoughts

The San Diego real estate market remains active and competitive, with detached homes seeing strong appreciation while condos/townhomes present potential buying opportunities. Whether you're looking to buy or sell, understanding the latest trends is key to making the right move.

📩 Curious about your home’s value or thinking about buying? Let’s connect! I’ll help you navigate the market with confidence.