South Bay 30-day Market Update (11/01/22)

Here is your 30-Day Market Snapshot for South Bay as of October 31, 2022.

🏡⭐ NEW LISTINGS: There have been 159 detached homes listed and 75 attached homes listed for sale.

📃👏 IN ESCROW: 94 detached homes and 74 attached homes went into pending status.

🔑 RECENTLY CLOSED: 98 detached homes and 64 attached homes have closed escrow.

📅 AVERAGE DAYS ON MARKET: Detached homes were on the market for an average of 26 days, whereas Attached homes averaged 30 days on the market.

💸 30-DAY RUNNING MEDIAN SOLD PRICE and YOY CHANGE: The median sold price for homes in South Bay for the past 30 days was $748,000 for detached homes, which is down -3.5% YOY and $587,500 for attached homes, equating to an increase of 8.7% YOY.

📈 As of 10/31/2022, the median YTD sales price of detached and attached homes in San Diego County was $713K. The median sales price of detached and attached homes in San Diego County is ⬆9.7% 📊

YOY for detached homes is down by 3.5% this year compared to the same 30-day period last year! 😲 The reason for this is that median size of detached this year is 177sf smaller and had less bathrooms compared to last year’s median price.

📞 Want to know more about the current market today? I’d love to answer your questions! 🙂 Feel free to DM!

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