February 2025 – North County San Diego Real Estate Market Update

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North County San Diego Real Estate Market Update – February 2025

The North County San Diego housing market in February 2025 is showing signs of stabilization, with moderate price changes, increasing inventory, and longer days on market. While demand remains steady, sellers are adjusting to market shifts, and buyers have more choices than before.

Here’s an in-depth breakdown of the North County San Diego real estate market for detached single-family homesand attached homes (condos & townhomes).

North County San Diego Real Estate market report February 2025
February 2025 - North County San Diego Real Estate Market Update 3

Source: North County San Diego Local Market Update -February 2025 North San Diego County HOMEDEX Report

🏡 Detached Single-Family Homes – North County San Diego

📌 Median Sales Price: $1,142,750 (+2.3% Year over Year (YoY))
📌 Average Sales Price: $1,470,636 (-0.4% YoY)
📌 Closed Sales: 457 (-8.6% YoY)
📌 New Listings: 759 (+7.7% YoY)
📌 Days on Market: 34 days (+25.9% YoY)
📌 Percent of Original List Price Received: 97.8% (-1.7% YoY)
📌 Percent of List Price Received: 99.1% (-1.1% YoY)
📌 Homes for Sale: 1,296 (+11.1% YoY)
📌 Months Supply of Inventory: 2.2 months (+4.8% YoY)

🏠 Key Takeaways for Detached Homes:

✅ Home prices are stabilizing, increasing slightly but at a slower pace than previous years.
✅ Inventory is growing, which gives buyers more options and reduces competition.
✅ Homes are taking longer to sell, meaning pricing strategically and staging well is crucial for sellers.
✅ Buyers may have more room for negotiation, as the percent of list price received has decreased.


🏢 Attached Homes (Condos & Townhomes) – North County San Diego

📌 Median Sales Price: $730,000 (-1.4% YoY)
📌 Average Sales Price: $789,168 (-11.7% YoY)
📌 Closed Sales: 214 (-17.7% YoY)
📌 New Listings: 330 (+5.1% YoY)
📌 Days on Market: 35 days (+45.8% YoY)
📌 Percent of Original List Price Received: 98.2% (-0.9% YoY)
📌 Percent of List Price Received: 99.5% (-0.5% YoY)
📌 Homes for Sale: 576 (+24.9% YoY)
📌 Months Supply of Inventory: 2.3 months (+21.1% YoY)

🏠 Key Takeaways for Attached Homes:

✅ Prices have declined slightly, creating better opportunities for buyers.
✅ Inventory has increased significantly (+24.9% YoY), making it a less competitive market.
✅ Homes are taking longer to sell, meaning sellers should price competitively to attract buyers.
✅ The average sales price has dropped, which could signal more affordability in this segment.


📊 Market Trends in North County San Diego

🔹 Inventory Growth – More homes on the market means buyers have more options and negotiating power.
🔹 Longer Days on Market – Homes are staying on the market longer, indicating a more balanced market.
🔹 Slight Price Adjustments – While detached homes are holding steady, attached homes are seeing some price declines.
🔹 Buyers Gaining Some Leverage – The percent of list price received has dropped, meaning buyers have more room to negotiate.


🔮 What’s Next for North County’s Housing Market?

As Spring 2025 approaches, we expect more listings to hit the market, increasing buyer choicesSellers should focus on pricing right and presenting their homes well, while buyers should take advantage of increased inventory and negotiate effectively.

🏡 Sellers: Pricing and staging are critical in a market where homes are taking longer to sell.
🏡 Buyers: With more inventory and slight price adjustments, now is a good time to shop for homes with better negotiating power.

Realtors® Jean and Ken Tritle at DreamWell Homes Realty

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About dreamwellhomes 391 Articles
DreamWell Homes Realty is a locally owned San Diego husband and wife real estate team (Realtor® | Real Estate Broker). Jean and Ken Tritle offer their home buyer and seller clients the best professional and personalized real estate representation with unparalleled service and guidance in San Diego County | Southern California from San Diego to San Clemente. For more information, please call or text Jean and Ken Tritle at 760-798-9024 or email jeanken@dreamwellhomes.com. Thank you! DreamWell Homes Realty CA DRE# 01777754. Mailing address: 1902 Wright Place, 2nd Floor, Carlsbad, CA 92008 | San Diego County, California.