🌴 San Diego County Real Estate Market Update 2025 March
Real Estate Conditions in San Diego County 2025
As we move into the early part of 2025, San Diego County’s single-family residential real estate market is showing signs of momentum, even as some indicators reflect the ongoing effects of constrained inventory and affordability pressures.
Here’s a breakdown of the key metrics from February 2025 and what they mean for buyers, sellers, and investors looking to buy or sell real estate in San Diego.
📈 Home Prices Continue to Rise
- Median Sale Price: $1,050,000
- 📊 +5.0% year-over-year
- 🔼 +1.1% month-over-month
Home values in San Diego County remain on an upward trend, with the median sale price increasing both year-over-year and from January to February. The sustained price growth reflects ongoing buyer demand and tight inventory, especially in desirable neighborhoods.
- Median Price Per Square Foot: $610
- 🏡 +4.1% YoY
- 📅 +2.9% MoM
🏡 Sales Volume Rebounds Month-over-Month
- Closed Sales: 1,056
- 📉 -6.5% YoY
- 📈 +8.3% MoM
While the number of closed sales is still lower than last year, activity picked up compared to January. This could be an early sign of increased buyer confidence or the start of the spring sales season ramping up.
⏱️ Homes Are Selling Faster Than Ever—But Only Selectively
- Median Days on Market: 15 days
- ⏳ +15.4% YoY
- ⬇️ -46.4% MoM
Homes are spending fewer days on the market compared to January, indicating renewed urgency among buyers. However, the increase from last year suggests some listings may still require more time to sell, likely due to pricing or condition.
📉 Inventory Shrinks Again
- Active Inventory: 3,330 homes
- 🏚️ -4.5% YoY
- 📉 -7.9% MoM
Low inventory remains a defining feature of the San Diego market. Fewer available homes make it harder for buyers to find what they want, putting continued upward pressure on prices.
- Months of Inventory: 3.1 months
- 🔻 -11.4% YoY
- ⬇️ -6.1% MoM
This metric shows how long it would take to sell the current inventory at the existing pace of sales. At just over three months, we’re still in a seller’s market (balanced conditions typically range from 5 to 6 months).
📝 Sellers Are Still in a Strong Position
- List Price Received: 100%
- 📍 +0.0% YoY
- 🆙 +1.0% MoM
Sellers are continuing to receive full asking price on average, a sign that homes priced appropriately are attracting serious buyers and likely selling quickly.
🏠 More New Listings, But Not Enough to Shift the Market
- New Listings: 1,769
- 📈 +11.0% YoY
- ⬇️ -13.8% MoM
The year-over-year increase in new listings is encouraging, but the monthly dip shows that inventory remains tight heading into spring. A consistent influx of listings will be needed to satisfy buyer demand.
🔍 What This Means
For Buyers:
Expect competition, especially for well-priced homes in popular areas. Be prepared with financing and move quickly when you find a match. Prices continue to rise, so waiting could cost more.
For Sellers:
This is still a strong market to sell in. Homes that are priced right and marketed well are moving quickly and at full price. Lower inventory gives your home a greater chance to stand out.
For Investors:
Rental demand remains strong in San Diego, and rising home prices support long-term equity growth. However, higher purchase prices require careful analysis of cash flow.
