Single-Family Homes
Sat Sep 07 2024
This week the median list price for San Diego, CA 92103 is $1,947,499 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has decreased to 32.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Median List Price | $1,947,499 | |
Median Price of New Listings | $1,450,000 | |
Per Square Foot | $1,007 | |
Average Days on Market | 86 | |
Median Days on Market | 42 | |
Price Decreased | 47% | |
Price Increased | 0% | |
Relisted | 38% | |
Inventory | 32 | |
Median Rent | ||
Market Action | 47 | |
Strong Seller's Market |
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,587,500 | 3,827 | 6,500 - 8,000 sqft | 4 | 3.5 | 19 | 0 | 0 | 77 |
$2,412,500 | 2,491 | 6,500 - 8,000 sqft | 4 | 3.5 | 84 | 1 | 0 | 45 |
$1,759,750 | 1,971 | 4,500 - 6,500 sqft | 3 | 3 | 62 | 0 | 2 | 28 |
$1,362,000 | 1,171 | 0 - 4,500 sqft | 2 | 1.8 | 95 | 2 | 0 | 73 |