San Diego Real Estate Market Update – March 17, 2025

The San Diego housing market continues to shift, with significant changes in active inventory, median prices, and buyer activity. Whether you’re a homeowner, buyer, or investor, staying on top of these trends can help you make informed real estate decisions. Let’s dive into this week’s market update...

📊 Key Market Insights

Detached Homes

• New Listings: 341 (⬇️ 7 from last week)
• Pending Sales: 323 (⬆️ 75 from last week)
• Homes Sold: 231 (⬆️ 9 from last week)
• Average Days on Market: 40 (⬆️ 8 from last week)
• Active Inventory: 2,537 (⬇️ 19 from last week)

Attached Homes

• New Listings: 241 (⬇️ 11 from last week)
• Pending Sales: 162 (⬆️ 15 from last week)
• Homes Sold: 127 (⬆️ 2 from last week)
• Average Days on Market: 42 (⬆️ 10 from last week)
• Active Inventory: 1,892 (⬆️ 38 from last week)

📈 Market Trends & Analysis

📌 Buyer Demand is Strengthening: Pending sales for detached homes surged +75 week-over-week and are now +38 above the 4-week average—a strong sign that buyers are moving fast. However, compared to last year, pending sales are only slightly up (+16 YoY), showing that demand, while strong, is not at last year’s peak levels. For attached homes, pending sales are up week-over-week but still below last year’s numbers (-13 YoY).

📌 Detached Home Prices Are Rising Steadily: The median sold price for detached homes is now $1,116,000, which is up 3.6% from the 4-week average and 7.6% higher than this time last year. This suggests continued appreciation and competition among buyers. Median price per square foot has also increased 3.2% from the 4-week average and 7.1% YoY.

📌 Attached Home Prices Show Mixed Signals: The median sold price for attached homes is now $670,000, which is 1.3% above the 4-week average but flat compared to last year. This suggests a stabilization in pricing after some recent fluctuations. Median price per square foot is slightly down (-2% from the 4-week average and -3% YoY), signaling that pricing pressure is softer in this segment.

📌 Inventory Trends Differ by Market Segment: Detached home inventory remains slightly below the 4-week average, meaning competition remains high. Meanwhile, attached home inventory is up 10% compared to the 4-week average, giving buyers more choices and potentially leading to a more balanced market for condos and townhomes.

💡 Should You Buy or Sell Now?

The market remains competitive, but opportunities exist for both buyers and sellers. If you’re considering buying, being pre-approved and ready to move quickly is crucial, especially for detached homes. If you’re selling, detached homes are seeing strong price appreciation, while attached home sellers may need to be strategic with pricing to attract buyers in a more balanced market.

💬 Want personalized advice on how these trends affect your real estate goals? Let’s chat! Send me a message or schedule a consultation today.