Market Report
San Diego, CA 92116
Single-Family Homes
Chartwell Escrow
San Diego, CA 92116
Tue Apr 23 2024
This week the median list price for San Diego, CA 92116 is $1,850,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $1,850,000 | |
| Median Price of New Listings | $1,500,000 | |
| Per Square Foot | $1,035 | |
| Average Days on Market | 57 | |
| Median Days on Market | 35 | |
| Price Decreased | 33% | |
| Price Increased | 4% | |
| Relisted | 22% | |
| Inventory | 27 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,650,000 | 2,374 | 6,500 - 8,000 sqft | 5 | 3.8 | 22 | 0 | 0 | 126 |
| $2,090,000 | 2,227 | 6,500 - 8,000 sqft | 4 | 3 | 82 | 0 | 0 | 35 |
| $1,625,000 | 1,641 | 4,500 - 6,500 sqft | 3 | 2 | 94 | 2 | 0 | 28 |
| $1,049,000 | 931 | 0 - 4,500 sqft | 2 | 2 | 98 | 1 | 5 | 28 |