Home Prices in San Diego County
The price of a home is always top of mind for both buyers and sellers, and the San Diego market is no exception. In February 2025, the median price of an existing single-family home in the county reached $1,040,000, marking a 6.1% increase from the same time last year, when it was $980,000. While the number of sales may be slightly slower, home prices are holding steady, signaling that demand is still outpacing supply, albeit at a more moderate pace. It’s also worth noting that from January 2025 to February 2025, prices saw a 1% increase, indicating a healthy upward trend as we move into the busiest season for real estate.
Are Home Prices Falling in San Diego?
This is a common question for many, especially given the ups and downs the market has experienced in recent years. While San Diego saw some fluctuations in late 2022 and early 2023, the latest data shows that home prices are not currently on the decline. In fact, they continue to rise, though not at the same rapid pace as during the peak of 2021 and early 2022. The continued increase, though more modest, reflects ongoing demand.
It’s important to remember that real estate markets can vary greatly from one region to another. National or even statewide trends don’t always mirror what’s happening locally. San Diego’s real estate market remains strong due to a unique combination of factors: a thriving economy, a desirable climate, and a limited housing supply, all of which contribute to the market’s resilience.