San Diego Housing Market Update — November 2024

• Price Gains, More Listings •

The real estate market in San Diego showed steady momentum during November, with both home sales and housing inventory on the rise. San Diego home Buyers are finding more options, while Sellers in San Diego continue to benefit from resilient home prices.

Detached home sales increased by 2.9 percent compared to October and 14.8 percent year-over-year. Attached homes, like condos and townhomes, saw a 5.9 percent boost in closed sales from last year. Homes are staying on the market slightly longer, with an average of 25 days before closing compared to 19 days on market last November.

November 2024 San Diego Housing Market Update

San Diego home prices remain solid despite rising inventory. The median sale price in San Diego for detached homes rose to $1,027,750 — a 4.4 percent increase from last year. Attached homes, including condos & townhomes, saw a smaller increase with the median price reaching $674,475 — up 1.4 percent year-over-year. This stable price growth shows a market balancing increased housing inventory with steady demand.

Housing inventory of homes for sale in San Diego surged during November, giving Buyers more options to choose from. Detached home listings increased by 23 percent, while attached home inventory grew by 38.4 percent. This means more listing choices available for Buyers, while Sellers still see healthy demand.

San Diego Zip Codes with Most Homes Sold November 2024

In November, the zip codes in San Diego County with the most home sales were:

• 92028 (Fallbrook) with 34
• 92117 (Clairemont) with 31
• 92057 (Oceanside North) with 26
• 92123 (Serra Mesa) with 23
• 92064 (Poway) and 92126 (Mira Mesa), both with 22

These areas represent some of the most popular housing markets in San Diego with suburban homes for sale and more affordable properties available, as compared to neighborhoods just West of I-5 along the coast.

Most Expensive House Sold in San Diego November 2024 

The most expensive house sold last month during November 2024 in San Diego County was an oceanfront coastal retreat on Marina Avenue on Coronado Island. This exquisite coastal masterpiece across from Coronado Beach spans approximately 3,800 square feet and features 5 bedrooms and 4.5 bathrooms with panoramic views of the Pacific Ocean from every room.

Located in the heart of Coronado Village, this estate offers breathtaking bay and ocean views. Highlights include a private elevator, radiant heated floors, and a landscaped backyard oasis with saltwater pool & spa. It sold on November 12th for $14,250,000. Listed by our Compass colleagues Jan & Chris Clements. MLS# 240021961.

San Diego Housing Market Real Estate Data

This snapshot of the latest San Diego real estate stats from last month in November 2024 shows the percentage change year-over-year compared to November 2023. Increased inventory of homes for sale is leveling out San Diego home prices. Read on for a detailed analysis of this historical data and what impact these metrics have on Sellers, Buyers, and real estate trends around your neighborhood in San Diego.

Data on the current housing market in San Diego is compiled by the Greater San Diego Association of REALTORS® (SDAR) through the San Diego Multiple Listing Service (SDMLS).

Sources: 

https://sdar.stats.10kresearch.com/docs/mmi/x/report?src=page

https://nsdcar.stats.10kresearch.com/docs/lmu/x/SanDiegoCounty?src=map

https://media.sdar.com/media/CurrentStats.pdf