San Diego Real Estate Market Report Spring 2024

San Diego Real Estate Market 2024 Including Homes and Condos

This snapshot of the market was taken on 4/18/2024. The first section is the San Diego Home Market Report 2024 Spring and the second is the San Diego Condo Market Report 2024 Spring. It covers all the Zip Codes in The City of San Diego.

Exploring the San Diego Real Estate Market – April 2024

Welcome to my in-depth exploration of the San Diego real estate market as of April 2024. San Diego, the largest city in San Diego County, offers a diverse and vibrant real estate landscape that reflects its rich array of neighborhoods and communities. Whether you’re considering buying or selling in San Diego, understanding the current market conditions is essential. As an experienced real estate agent with The Lewis Team at Real Broker, and with 35 years of experience under my belt, I am here to guide you through the intricacies of our local market.

San Diego Home Market Report 2024 Spring

In San Diego, the median list price for homes as of April 2024 stands at $1,385,000, with an average price per square foot of $797. Properties are selling reasonably quickly, with a median of 21 days on the market. Notably, 27% of homes have experienced a price decrease from their original listing price, reflecting some negotiation in the market. Furthermore, approximately 14% of homes were relisted, indicating some challenges in moving properties at their initial listing price. The inventory level of homes is relatively stable with 454 listings on the market.

San Diego Condo Market Report 2024 Spring

Turning our attention to condos, the median list price is currently $695,000 with the price per square foot at $735. Condos are lingering a bit longer on the market with a median of 28 days. About 19% of condo listings saw a price drop from their original list price, and 16% were relisted, underscoring a slightly more challenging market for condos compared to homes. The inventory for condos is slightly higher than homes, with 495 units available.

A Strong Sellers’ Market

Currently, San Diego is experiencing a strong sellers’ market. But what exactly does that mean? A sellers’ market occurs when there are more buyers than available properties, which is the case right now in San Diego. This market condition typically leads to higher prices, quicker sales, and often multiple offers on a single property, giving sellers an advantage during negotiations.

Conclusion

The real estate market in San Diego is as varied as its neighborhoods. Whether you're looking for a beachfront property, a downtown condo, or a family home in a quiet suburb, understanding the current market dynamics is crucial. As of April 2024, with a strong sellers’ market, it is an opportune time for sellers to list their properties. Buyers, while facing higher prices and competition, can still find good investments with the right guidance.

For both buyers and sellers, working with a knowledgeable local agent can make navigating the San Diego real estate market much smoother. As someone who has dedicated over three decades to understanding this market, I am here to help you make informed decisions whether you are buying or selling.

San Diego has may diverse neighborhoods and communities. Most areas in San Diego County are part of The City of San Diego, other areas are not. The other areas are in San Diego County, but... are there own cities outside of the City of San Diego. Downtown San Diego is part of The City of San Diego but is only a very small area of The City of San Diego overall. 

All of these 79 Zip Codes are in The City of San Diego:

92105, 92106, 92107, 92108, 92113, 92114, 92115, 92116, 92117, 92122, 92123, 92124, 92126, 92127, 92101, 92102, 92103, 92104, 92109, 92110, 92111, 92112, 92119, 92120, 92121, 92128, 92129, 92130, 92131, 92136, 92137, 92145, 92147, 92132, 92134, 92135, 92138, 92139, 92140, 92142, 92149, 92150, 92152, 92158, 92159, 92160, 92161, 92162, 92163, 92164, 92165, 92171, 92172, 92174, 92179, 92182, 92184, 92192, 92193, 92195, 92196, 92197, 92153, 92154, 92155, 92166, 92167, 92168, 92169, 92170, 92175, 92176, 92177, 92186, 92187, 92190, 92191, 92198, 92199.

These are the main neighborhoods which make up The City San Diego:

Allied Gardens, Alta Vista, Balboa Park, Bankers Hill, Barrio Logan, Bay Ho, Bay Park, Bay Terraces, Birdland, Black Mountain Ranch, Broadway Heights, Carmel Mountain Ranch, Carmel Valley, Chollas View, City Heights, Clairemont (Clairemont Mesa), College Area, Del Cerro, Del Mar Heights, Del Mar Mesa, Downtown San Diego, Egger Highlands, El Cerrito, Emerald Hills, Encanto, Fairbanks Ranch Country Club, Golden Hill, Grant Hill, Grantville, Harbor Island, Hillcrest, Jamacha, Kearny Mesa, Kensington, La Jolla, Lake Murray, Liberty Station, Lincoln Park, Linda Vista, Logan Heights, Lomita Village, Middletown, Midway, Mira Mesa, Miramar, Miramar Ranch North, Mission Bay Park, Mission Beach, Mission Hills, Mission Valley, Morena, Mount Hope, Mountain View, Navajo, Nestor, Normal Heights, North Park, O'Farrell (South Encanto), Oak Park, Ocean Beach, Ocean View Hills, Old Town, Otay Mesa, Otay Mesa West, Pacific Beach, Pacific Highlands Ranch, Palm City, Paradise Hills, Point Loma, Rancho Bernardo, Rancho Encantada (Stonebridge), Rancho Peñasquitos, Redwood Village, Rolando, Sabre Springs, San Carlos, San Pasqual Valley, San Ysidro, Scripps Ranch, Serra Mesa, Shelltown, Shelter Island, Sherman Heights, Skyline, Sorrento Valley, South Park, Southcrest, Stockton, Sunset Cliffs, Talmadge, Tierrasanta, Tijuana River Valley, Torrey Highlands, Torrey Hills, Torrey Pines, University City, University Heights, Valencia Park, Via de la Valle, and Webster.

As you can see, having a San Diego Realtor with over 35 years’ experience with thousands of homes SOLD and an expert team representing you is essential when selling real estate  or buying real estate in San Diego. 

These cities in San Diego County are not part of The City of San Diego:

Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Escondido, Imperial Beach, La Mesa, Lemon Grove, National City, Oceanside, Poway, San Marcos, Santee, Solana Beach, and Vista.

The following are unincorporated areas within San Diego County: 

Agua Caliente, Alpine, Bankhead Springs, Banner, Barrett Junction, Bear Valley, Blossom Valley, Bonita, Bonsall, Borrego Springs, Bostonia, Boulder Oaks, Boulevard, Buckman Springs, Cameron Corners, Campo, Canyon City, Casa De Oro, Cottonwood, Crest, Cuyamaca, Dehesa, De Luz, Del Dios, Descanso, Desert Lodge, Dulzura, Eagles Nest, Echo Dell, Eden Gardens, Engineer Springs, Eucalyptus Hills, Fairbanks Ranch, Fallbrook, Flinn Springs, Foster, Glen Oaks, Green Valley Falls, Guatay, Harbinson Canyon, Harmony Grove, Hidden Glen, Hidden Meadows, Indian Springs, Jacumba, Jamul, Julian, La Presa, Lake Henshaw, Lakeside, Lincoln Acres, Live Oak Park, Live Oak Springs, Manzanita, Morena Village, Oak Grove, Ocotillo Wells, Pala, Pala Mesa, Palomar Mountain, Paso Picacho, Pauma Valley, Pine Hills, Pine Valley, Potrero, Puerta La Cruz, Rainbow, Ramona, Rancho Palo Verde, Rancho San Diego, Rancho Santa Fe, Rincon, Rock Haven, Rosemont, San Felipe, San Ignacio, San Luis Rey Heights, Santa Ysabel, Shady Dell, Shelter Valley, Spring Valley, Sunnyside, Sunshine Summit, Tecate, The Narrows, The Willows, Tierra Del Sol, Twin Oaks, Vallecito, Valley Center, Victoria, Warner Springs, Whispering Pines, Witch Creek, and Wynola.  

If you’re considering selling your real estate in San Diego in the next 12 months, please contact me. My consultation is free and is well worth your time to see what equity you have in your home or condo. I can also work with you to plan how you can achieve the maximum sales price when selling your home or condo by making some small improvements that can get you a large return. Put my 35 years and thousands of homes sold experience to work for you. Dawn Lewis.

Here’s my cell # 619-981-3917 – Dawn Lewis.  I have 35 years’ experience and sold thousands of homes. Let's discuss how I can help you. 

Dawn Lewis 619-981-3917