Listings Start to Chill While Buyers Heat Up in San Diego  Market Update (Sept. 28, 2025)

San Diego Housing Market Update, Week Ending September 28, 2025

As the calendar turns toward October, San Diego’s housing market shows a familiar seasonal rhythm. New listings eased as sellers stepped back, while buyers stepped up, especially in detached homes. This week’s numbers highlight the contrast between cooling supply and steady to building demand. Let’s break it down.

🏠 DETACHED HOMES (Week Ending Sept 28, 2025)

Data for San Diego County detached single-family homes. Source: SDMLS, analysis by Matt O'Brien, Realtor.

Detached homes told the biggest story this week. New listings fell to 327, down 12% from last week and nearly 9% below last year’s level, a classic fall pattern as we move out of summer.

While sellers are stepping back, buyers stepped up. Newly pending sales rose to 290, a 17% increase week over week and nearly 10% above the four-week average. Compared to last year, pendings are essentially flat, but in today’s tighter inventory environment that stability points to resilient demand.

Prices were choppy week to week, which is normal at this time of year. The median sold price landed a touch above $1.0M, softer than last week and the four-week average, yet close to last year. Median price per square foot eased versus last year as affordability continues to shape buyer choices.

🏢 ATTACHED HOMES (Condos & Townhomes - Week Ending Sept 28, 2025)

Data for San Diego County attached homes (condos/townhomes). Source: SDMLS, analysis by Matt O'Brien, Realtor.

Condos and townhomes showed a slightly different pace. New listings dropped more steeply, down 22% from last week and 17% below the four-week average. Sellers clearly pulled back as fall approaches.

Buyer activity was mixed. Pending sales dipped to 141, off 2.8% week over week, though still above the four-week average. Versus last year, pendings were lower by 13%, a reminder that the attached segment remains more rate and affordability sensitive. Closings were a bright spot, with 154 newly sold, up 13% week over week and 18% year over year.

💡 What This Means for You

🔵 For Buyers

Detached homes are drawing renewed interest. With pendings up and fewer new listings, competition is picking up for the best single-family homes. Condos offer a bit more breathing room right now, so watch for value in that segment while staying prepared to act quickly on standout listings.

🟢 For Sellers

Seasonality is creating a window. With fewer new listings coming to market, well-priced homes can stand out. Detached demand is firm, the jump in pendings shows motivated buyers are active. Dial in pricing and presentation to capitalize on leaner competition.

🟠 For Homeowners

Equity remains supported. Weekly prices may wobble, yet the larger signals point to a balanced fall market. Detached values are holding near last year, condos are a touch higher year over year. Stay focused on trends across several weeks, not single-week swings.

📞 Ready to Make Your Move?

Each week adds a new chapter to San Diego’s housing story. With inventory cooling and buyers engaged, the right plan makes all the difference. If you’re ready to talk strategy, I’m here.

Let’s Talk Strategy