Top Agents in San Diego, California – Individuals By Sides

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2023 San Diego, California Housing Market Summary

San Diego, California started 2023 with a total of 470 single-family homes on the market, with a median home price of $1,159,995 and an average price per square foot of $737. By the end of the year, inventory had decreased to 332 homes on the market (-29%), with a median home price of $1,372,500 (+18%) and an average price per square foot of $837 (+13%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 49 days.

San Diego started the year with 44% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 34% of San Diego homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that San Diego started 2023 as a strong seller’s market, with an MAI score of 48; by the end of the year, the MAI had rose to 75 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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