The North County and San Diego housing markets posted modest price growth in April, even as mortgage rates recently climbed to a six-week high. Year-over median prices rose 1.7 percent countywide and 0.8 percent in North County. Supply increased month over month, as expected in spring. Even so, inventory remains below three months in both markets and is still lower than a year ago.
Altos Research continues to classify single-family homes in San Diego County as a strong seller’s market, with little change from last month. Condos remain in slight seller’s territory. The overall structure of the market has not shifted.
April’s sales activity largely reflects buyer decisions made before the most recent rate increases. Inflation accelerated to 3.8 percent in April, up from 2.4 percent earlier this year, increasing pressure on borrowing costs at a time of continued geopolitical uncertainty. Mortgage rates have moved higher in recent weeks as a result.
The direction of the market heading into summer will depend on whether buyer demand weakens while listings continue to rise, or whether sellers adjust alongside buyers, maintaining the current balance.
Below are answers to some of the most common questions about current market conditions.
San Diego Housing Market FAQs
Are home prices rising in San Diego County?
Countywide, the median home price was $925,500 in April, just $500 higher than April 2024. In North County, the median price was $1,035,000, compared to $1,060,000 in April 2024. Overall, prices remain near spring 2024 levels.
What is happening with inventory?
Active listings are down 12.8 percent year over year countywide and 27.8 percent in North County. Months of supply increased seasonally to 2.8 in both markets but remains below three months, keeping overall inventory relatively tight.
Are homes taking longer to sell?
Yes. Days on market rose to 37 days countywide and 32 days in North County, increases of 12.1 percent and 18.5 percent respectively. Even so, well-priced homes continue to attract buyers.
Are sales increasing?
Sold units declined slightly year over year, down 2.9 percent countywide and 1.8 percent in North County. Activity remains measured as buyers adjust to higher mortgage rates.
Is this still a seller’s market?
Yes. Altos Research continues to classify single-family homes as a strong seller’s market, while condos remain in slight seller’s territory. Limited supply continues to support pricing, though buyer selectivity has increased.
Looking for more detail or wondering what your home is worth in today’s market? I’m happy to help — request a free home valuation.
Interest Rates
Below are current mortgage rate averages and recent changes, updated regularly.
Market Updates
Click on the links below to read the San Diego real estate market reports.
- NORTH COUNTY MONTHLY INDICATORS
- METRO SAN DIEGO COUNTY MARKET UPDATE
- EAST SAN DIEGO COUNTY MARKET UPDATE
- SOUTH SAN DIEGO COUNTY MARKET UPDATE
- SAN DIEGO COUNTY MONTHLY INDICATORS
- 2025 SAN DIEGO COUNTY MARKET REPORT
North County Housing Summary
Here’s how the North County market performed compared to last year.
- Median home prices rose 0.8 percent.
- Detached home prices decreased 1.7 percent, from $1,200,000 to $1,180,000.
- Sold units decreased 1.8 percent. Pending sales grew 8.1 percent.
- Median days on market increased to 32, up 18.5 percent from last year.
- Inventory decreased from 3.9 months to 2.8 months.
San Diego County Housing Summary
Here are the numbers for San Diego County.
- Median prices rose 1.7 percent, from $910,000 to $925,500.
- Detached home prices increased 2.3 percent, from $1,075,000 to $1,100,000.
- Attached home prices rose 1.5 percent to $680,000.
- Inventory decreased from 3.2 months to 2.8 months.