San Diego Housing Market Update — May 2025

• Listing Spike, Sales Dip •

The San Diego housing market settled into a different rhythm this May, with closed sales pulling back and new listings continuing to rise. As inventory builds, Buyers are staying selective, weighing options amid rate shifts and price changes with a measured outlook.

Detached home sales fell 5.2 percent year-over-year in May 2025 compared to last year in 2024. Attached home sales, including condos and townhomes, declined 14.0 percent. Homes sold at the same pace as this time last year, with detached properties averaging 18 days on market in both May 2025 and a year ago in May 2024.

May 2025 San Diego Housing Market Update

Despite slower sales activity, San Diego home prices inched upward in May compared to the same time last year. The median sale price for detached homes rose 0.9 percent year-over-year to $1,100,000. Attached homes, such as condos and townhomes, saw a 1.1 percent increase, with the median sale price reaching $690,000.

Inventory continued its upward climb this spring. Detached home listings increased 25.6 percent from last year, while attached inventory – including condos & townhomes – grew 49.8 percent from a year ago. This steady supply shift of new listings available for sale is giving Buyers more breathing room, even as price trends show subtle upward pressure. Navigating interest rate volatility and shifting price trends continue to influence decision-making.

San Diego Zip Codes with Most Homes Sold May 2025

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

• 92028 (Fallbrook) with 49
• 92009 (Carlsbad SE) with 41
• 92026 (Escondido North) and 92075 (Solana Beach), both with 38
• 92064 (Poway) and 92128 (Rancho Bernardo East), both with 37
• 92056 (Oceanside East) with 36

These Inland San Diego neighborhoods continue to attract Buyers searching for more space, strong value per square foot, and easy access to popular amenities. Areas east of the 5 remain especially appealing for those prioritizing size and budget over ocean views or proximity to beaches.

Most Expensive House Sold in San Diego May 2025

The most expensive house sold last month during May 2025 in San Diego County was an extraordinary equestrian retreat tucked deep in the Covenant of Rancho Santa Fe. Set on 9.22 acres of sculpted greenery and mature trees, this expansive compound fuses old-world European artistry with precision-crafted modern detail across one of the most prized settings in San Diego.

This gated equestrian property spans 9,383 square feet and includes 6 richly appointed bedroom suites, dual executive offices, a private gym, and a vaulted theater-game lounge with a full wet bar. The 4,654 square foot 8-stable barn is a showpiece in itself, complete with hand-forged ironwork, caretaker’s quarters, and seamless access to the private Covenant trail system.

Resort-style outdoor amenities include a vanishing-edge lava-tiled pool with underwater speakers, heated outdoor loggia, brick pizza oven, a terraced bocce court, and a concrete wine vault with a view into the pool. It sold on May 12th for $17,500,000. Listed by Linda Sansone at Pacific Sotheby’s International Realty. MLS# 240016100.

San Diego Housing Market Real Estate Data

This snapshot of the latest San Diego real estate stats from last month in May 2025 shows the percentage change year-over-year compared to May 2024. Growing inventory of homes available for sale is rebalancing 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/2025-05/x/report?src=page

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

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

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