Although year-over sales volume was nearly 7 percent higher in the San Diego housing market in March, median home values are still at spring 2024 levels. Mortgage rates have climbed in recent weeks amid ongoing geopolitical tensions and rising bond yields. With uncertainty surrounding both inflation and the future of the conflict overseas, rate volatility continues to influence buyer confidence.
Inventory is low at 2.5 months in both North County and San Diego County. At the same time, buyer activity has been moderate. That dynamic has created an unusual balance: inventory has not increased enough to push prices down meaningfully, but it also has not tightened enough to drive strong appreciation.
For now, the market in San Diego County continues to favor sellers, supported primarily by constrained supply rather than accelerating demand. Home supply typically increases between now and July. If mortgage rates stay elevated, additional listings could place more pressure on home sellers.
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, median home prices rose 0.8 percent year over year. In North County, the median price increased 3.1 percent. Despite stronger sales volume, home prices remain near spring 2024 levels.
What is happening with inventory?
Inventory is still limited, though supply typically increases through early summer.
Are homes taking longer to sell?
Homes are taking longer to sell compared to last year, with days on market up about 10 percent in both North County and countywide. However, properties that are priced appropriately continue to move quickly.
Are sales increasing?
Year-over sales volume increased, suggesting buyers are still active despite higher mortgage rates.
Is this still a seller’s market?
The market continues to favor sellers due to limited supply, but buyers are more selective than in prior years. Well-priced homes move quickly, while overpriced homes face longer marketing times.
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 3.1 percent.
- Detached home prices increased 0.4 percent, from $1,162,000 to $1,167,000.
- Sold units increased 7.7 percent. Pending sales dropped 1.4 percent.
- Median days on market grew to 33, up 10.0 percent from last year.
- Inventory decreased from 3.6 months to 2.5 months.
San Diego County Housing Summary
Here are the numbers for San Diego County.
- Median prices rose 0.8 percent, from $907,872 to $915,000.
- Detached home prices increased 2.4 percent, from $1,074,250 to $1,100,000.
- Attached home prices dropped 1.1 percent to $670,000.
- Inventory decreased from 2.9 months to 2.5 months.