San Diego, CA Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Is it a buyers or sellers market in San Diego? ›

San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

San Diego, CA housing market

In June 2024, the median listing home price in San Diego, CA was $998K, flat year-over-year. The median listing home price per square foot was $744. The median home sold price was $1.2M.

In San Diego County, the median price for a single-family home was $1.04 million last month, a 2.7 % increase from $1.02 million in March and a 12.6% rise from $930,000 one year ago.

High demand: San Diego's climate, job opportunities, and lifestyle make it a desirable place to live, driving up demand for housing. Cost of construction: The high cost of labor and materials also contributes to the high home prices.

San Diego Housing Market Trends

What is the housing market like in San Diego today? In June 2024, San Diego home prices were up 10.0% compared to last year, selling for a median price of $1.0M. On average, homes in San Diego sell after 16 days on the market compared to 12 days last year.

However, the salary requirement is higher in cities like Sacramento, Los Angeles, Irvine, and San Diego. To live comfortably, people in these areas should make over $104,000.

At 100k in San Diego you can have a good life, but it is certainly not going to be extravagant. You are probably looking at $30,000 a year for a nice rental, add another $5,000 - $10,000 for utilities, insurance etc. and all of a sudden $100,000 does not stretch as far as you would like.

Here's how much income you need to buy a home in San Diego

According to a recent study by Zillow, people looking to buy a home in San Diego need to have an income of at least $273,613. A monthly mortgage payment in San Diego is approximately $5,757 with a 10% down payment.

Del Mar. With a median home price of $5,683,084 and a median rent of $2,952, Del Mar is the most expensive city on our list. Based on the growth in home prices in Del Mar over the last 3 years, it ranks No. 1 among all the cities in San Diego County.

Is it a good investment to buy a house in San Diego? ›

Properties in San Diego tend to appreciate year-over-year, meaning that investors can get a great return on their investments. Moreover, there's a wide variety of properties investors can choose from in this city.

San Diego, while not cheap by national standards, is generally more affordable than Los Angeles regarding housing. Here are some key points: The median home price in San Diego is lower than in Los Angeles. While still high, rent prices are typically less expensive than in Los Angeles.

According to a recent study by Zillow, an online real-estate marketplace, the spring season may be an advantage to sellers in America's Finest City. A Zillow analysis of 2023 sales found that homes listed in the last two weeks of April sold for 3.1% more, with a $29,600 boost on the median home.

Living here means you're never far from the ocean, and the city is famous for its beautiful weather, making outdoor activities a big part of life. Whether you're surfing at dawn or exploring the vibrant neighborhoods, San Diego offers a special lifestyle that's hard to find anywhere else.

Cost of Living Comparison Between San Diego, CA and New York, NY. Do you live in San Diego? Add data for San Diego, CA! You would need around 11,492.0$ in New York, NY to maintain the same standard of life that you can have with 9,000.0$ in San Diego, CA (assuming you rent in both cities).

The median rent in San Diego fell by 0.1% over the course of July, and has now decreased by a total of 3.5% over the past 12 months. San Diego's rent growth over the past year has has fallen behind both the state (-0.7%) and national averages (-0.8%).

This year offers a unique landscape for buyers, sellers, and investors alike, as the market shows a tilt towards more buyer-friendly conditions. In 2024, San Diego's housing market is predicted to see an 11.0% increase in home sales and a 5.4% rise in median sales prices, signaling a thriving market.

Median Days on Market (DOM)

The current median DOM in California is 27 days. This is lower compared to many other states, and it's well-known that California has been a market that typically favors sellers for years.