🧲 Are San Diego Home Prices Really Surging? 🤔 Here’s What the Data Actually Says (March 31, 2025)

Detached home prices are cooling off slightly, condo sales are picking up, and inventory is on the rise. The numbers are in — here’s what’s really going on in the San Diego housing market right now.

🏠 Detached Homes – Inventory Builds, Prices Stay Strong

• Median Sold Price: $1,087,500
  🔽 Down 0.8% from the 4-week average of $1,095,884
• New Listings: 340 (⬇ 62 from last week)
• New Pendings: 319 (⬆ 7.4% from 4-week average)
• Sold Listings: 246 (⬇ 4% from 4-week average)
• Active Inventory: 2,688 (⬆ 5.6% from 4-week average)
• Weeks of Inventory: 11 (⬆ from 9 last week)
• Average DOM: 30 days (⬇ from 35 last week)
• Sold Price/SqFt: $604.41
  ⚖️ Up just 0.05% from the same week last year ($604.11)

💡 Takeaway: Detached prices held fairly steady this week compared to recent trends. What stands out more is the increase in inventory — up nearly 6% — giving buyers more options heading into April.

🏢 Attached Homes – Closings Rise, Values Climb YoY

• Median Sold Price: $672,000
  🔽 Down 4% from the 4-week average of $700,000
  🔼 Up 1.4% from same week last year ($662,500)
• New Listings: 214 (⬇ 60 from last week)
• New Pendings: 157 (⬇ 12% from 4-week average)
• Sold Listings: 159 (⬆ 20% from 4-week average)
• Active Inventory: 2,013 (⬆ 7.9% from 4-week average)
• Weeks of Inventory: 12.5 (⬆ from 10 last week)
• Average DOM: 37 (⬇ from 42 last week)
• Sold Price/SqFt: $589.39
  🔼 Up 7.5% year-over-year (was $547.98 same week last year)

💡 Takeaway: Attached homes are seeing a healthy YoY gain in price per square foot, and this week’s closings hit a new high for the past month. Inventory is climbing here too, giving buyers more leverage while prices remain strong.

🔎 What This Means for You

👀 For Buyers:
We’re seeing more homes on the market — across both segments — and that trend might continue into April. Detached homes are holding value but offering more choices, and attached properties could give you a smart entry point while inventory’s rising.

💰 For Sellers:
Detached prices are strong, even if they ticked below the 4-week average. Days on market are down and new pendings are up, meaning buyers are still acting fast on well-priced homes. Condo/townhome sellers are seeing solid YoY gains and faster closes.

📊 Market Watchers:
This is the first time in weeks where we’ve seen inventory, pendings, and closings move in opposite directions across segments. It’s a market in transition — one where timing, presentation, and strategy really matter.

💬 Want a Hyper-Local Breakdown?

Every zip code in San Diego County moves differently. If you're curious about trends in your area — or where you’re thinking about moving — just reach out. I’ll send you a customized report.

📅 Data reflects activity for the 7-day period ending March 31, 2025.
Next week’s update could give us our first glimpse into the post-spring break market pace.