As we step into 2025, the San Diego County real estate market is showing a mix of growth and shifting trends. The latest data from the North San Diego County REALTORS®, compiled from CRMLS, provides key insights into new listings, home prices, sales activity, and inventory levels.
Market Overview: Growth in Listings, Sales, and Prices
New Listings Increase
In January 2025, new listings in San Diego County saw a notable rise of 8.4% compared to January 2024. Year-to-date, the increase is even more pronounced, with 22,276 new listings, a 18.9% jump from the previous year. This uptick suggests more homeowners are entering the market, potentially in response to rising property values.
Closed Sales and Pending Sales
- Closed sales in January 2025 increased by 3.3%, reaching 942 transactions compared to 912 in January 2024.
- Pending sales showed a slight dip of 2.9%, with 1,122 contracts signed compared to 1,155 last year.
- Year-to-date, closed sales have risen by 6.3%, indicating continued demand despite fluctuations in interest rates.
Home Prices Continue Upward Trend
San Diego home prices continued their climb:
- Median sales price increased by 8.5%, reaching $1,030,100 compared to $949,500 in January 2024.
- Average sales price jumped 10.0% to $1,395,784 year-over-year.
This growth highlights San Diego’s continued desirability, despite economic uncertainties and affordability concerns.
Days on Market and Inventory Trends
- Homes took longer to sell, with the average days on market rising to 38 days in January 2025—a 31.0% increase from January 2024.
- Months supply of inventory slightly decreased from 2.0 to 1.9 months (-5.0%), indicating a competitive market despite rising inventory levels.
Detached vs. Attached Homes: Key Differences
Detached Single-Family Homes
- Median price: $1,030,100 (+8.5% YoY)
- Average price: $1,395,784 (+10.0% YoY)
- Closed sales: 942 (+3.3%)
- Inventory: 2,457 homes (+0.4%)
Attached Single-Family Homes (Condos & Townhomes)
- Median price: $662,000 (+1.8% YoY)
- Average price: $800,123 (+3.4% YoY)
- Closed sales: 507 (-5.1%)
- Inventory: 1,607 homes (+18.3%)
While detached homes continue to command higher price growth, attached homes saw a smaller price increase (+1.8%)and a decline in closed sales, possibly due to affordability challenges or shifting buyer preferences.
Key Takeaways for Buyers and Sellers
For Buyers:
- With more listings on the market, buyers have more options, but competition remains high.
- Prices are still rising, so acting sooner rather than later could be beneficial.
- Longer days on market could give buyers more room to negotiate.
For Sellers:
- Rising home values make this a strong time to sell.
- Slightly longer selling times mean setting the right price is crucial.
- Proper marketing strategies can help maximize home value in a competitive market.
Conclusion
San Diego County’s real estate market remains strong heading into 2025, with rising prices and more homes available. Whether you’re buying or selling, staying informed about these trends can help you make the best real estate decisions.
For more San Diego County Real Estate Market insights and detailed listings, visit DreamWell Homes Realty.
Source: Data from North San Diego County REALTORS® via CRMLS (Report © 2025 ShowingTime Plus, LLC).
