San Diego Housing Market Update — April 2024

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• Homes Sales & Prices Surge •

More houses hit the market in April 2024, but as housing inventory increases, so are San Diego home prices. San Diego homes are selling faster as more Sellers list their properties for sale during the spring homebuying season.

April was a very healthy month for real estate in San Diego. Sale prices have increased for the third straight month after three months of decline over the winter. There’s a lot of demand in the spring market, and homes are selling quickly as they go on the market.

April San Diego Housing Market Update

April is one of the busiest months of the year in real estate and San Diego posted big gains. Currently, the average price for a detached house in San Diego sits at $1,696,000 while condos & townhomes average at $893,000. Data from the April 2024 market report shows a very strong, fast-paced market around San Diego. New listings are still on the rise, but fierce competition to snatch up limited homes for sale is driving fewer days on market and puts upward pressure on prices during peak real estate season this spring as summer approaches.

San Diego Housing Market Real Estate Data

This snapshot of the latest San Diego real estate stats from last month in April 2024 shows the percentage change year-over-year compared to April 2023. Limited inventory of homes for sale has fueled a sharp uptick in 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.

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About The Author
Portia Green, REALTOR®

Portia’s clients all have a similar story. Most likely, you met her huddled around a tablet at the dinner table yet she feels like a friend. Her personable nature and easy going approach attract Sellers and Buyers alike, in what can be a stressful and emotionally charged event. A talented REALTOR® with 16 years experience, Portia is just as excited about real estate today as she was with her first transaction. She remains ever-committed to helping her clients find their place in the world and helping busy people navigate this crazy real estate market like a pro.