Is Northeastern San Diego, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeastern San Diego is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Northeastern San Diego has remained a Seller's Market.

Key Takeaway

Northeastern San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northeastern San Diego, CA

How much do homes in Northeastern San Diego, CA cost?

Median Sold Price

$1,026,636

$647/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$109,364(+11.9%)

Key Takeaway

Homes in Northeastern San Diego have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Northeastern San Diego was $1,026,636 in May 2024, up 11.9% from last year, and the median price per square foot was $647.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $425K$465K
+9.4%
2 $637K$660.6K
+3.7%
3 $965K$1.0M
+11.7%
4 $1.2M$1.3M
+14.6%
5+ $1.5M$1.6M
+5.4%

Summary: Northeastern San Diego housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Neighborhoods

Northeastern San Diego
+11.9%
Oaks North
+6.7%
Seven Oaks
+2.6%

Housing Supply in Northeastern San Diego, CA

How many homes are available in Northeastern San Diego, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
360436+21.1%

Summary: The Northeastern San Diego real estate market had 436 homes for sale in May 2024, a 21.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1317
+30.8%
2 106127
+19.8%
3 112141
+25.9%
4 93109
+17.2%
5+ 3642
+16.7%

Summary: The Northeastern San Diego housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
127138+8.7%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

85 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeastern San Diego, you could pay more than the asking price. 61.6% of homes here sold above asking price last month.

Summary: A total of 138 homes were sold or pending in Northeastern San Diego in May 2024, up by 8.7% month-over-month. Of the 138 sold homes, 25% were sold under asking, 14% were sold at asking, and 62% were sold over asking.

Days on Market for Northeastern San Diego, CA

How long does it take to sell a home in Northeastern San Diego, CA?

Average Sale Time

May 2023May 2024CHANGE
17 Days12 Days-30.1%

Summary: Homes in Northeastern San Diego had an average of 12 days on market in May 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

125 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northeastern San Diego are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 138 homes were sold in Northeastern San Diego; 91% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Northeastern San Diego, CA

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