San Diego Real Estate Market Update 2025 January
Information on the 2025 San Diego Real Estate Market News and Trends
As we begin 2025, the San Diego real estate market continues to show resilience despite seasonal fluctuations and evolving buyer trends. The latest data for single-family homes highlights key shifts in pricing, inventory, and overall market activity.
Home Sales and Pricing Trends
San Diego saw 311 single-family homes sold in January 2025, reflecting a 6% increase year-over-year from 294 homes in January 2024. However, sales volume declined 16% from December 2024, when 370 homes were sold, indicating a seasonal slowdown.
The median sale price of homes in January 2025 was $1.19 million, marking a 4% increase from last year ($1.14 million in January 2024). However, compared to December 2024’s median sale price of $1,209,500, home values saw a 1% month-over-month decrease.
Market Speed and Inventory
Homes in San Diego are still selling quickly, but there have been slight shifts:
- The median days on market (DOM) is now 18 days, up from 15 days last year, but down from 19 days in December 2024.
- The months of inventory dropped slightly from 2.0 in January 2024 to 1.9 in January 2025, reinforcing the continued seller’s market.
Price per Square Foot and List Price Trends
The median price per square foot increased 4% year-over-year, rising from $729 in January 2024 to $757 in January 2025.
Sellers continued to receive strong offers, with homes selling at 99% of the list price, the same as the previous year.
Breakdown by Price Quartiles
The San Diego market is diverse, with different pricing segments performing uniquely:
- Top Quartile (Luxury homes): $2.49M median price, 31 days on market, $837 per square foot
- Second Quartile: $1.43M median price, 17 days on market, $741 per square foot
- Third Quartile: $1.04M median price, 11 days on market, $685 per square foot
- Bottom Quartile (Entry-Level Market): $775K median price, 20 days on market, $567 per square foot
What This Means for Buyers and Sellers
For Buyers: With home prices still appreciating, buyers may need to act quickly to secure properties, especially in the more affordable price ranges where homes sell faster. The 1% drop in median prices from December could provide a slight opening for negotiation.
For Sellers: While the market remains favorable for sellers, pricing correctly is crucial. Homes in the luxury segment are taking longer to sell, so competitive pricing and strategic marketing will be key.
Final Thoughts
The San Diego real estate market remains strong and competitive, with moderate increases in home values and slight seasonal adjustments. The Lewis Team is here to help you navigate these trends—whether you're buying, selling, or just keeping an eye on the market.
📞 Thinking about buying or selling? Contact The Lewis Team 619-656-0655 for expert guidance in the San Diego housing market!
