Apr

2025

San Diego Housing Market: Trends & Prices

By SoFi General | mortgage | Comments Off

San Diego Housing Market: Trends & Prices (2025)

San Diego Real Estate Market Overview

By Robin Rothstein

(Last Updated – 04/2025)

San Diego, located along California’s southern coast, is renowned for its idyllic climate, boasting warm year-round temperatures and approximately 70 miles of pristine beaches.

Beyond its scenic coastline, San Diego features a vibrant urban core with a sophisticated art, dining, and nightlife scene, which is why many people are curious about the San Diego housing market.

In San Diego, the median home price is $989,750, Redfin says, while the median household income is close to $104,321, according to the latest census data. Proximity to the ocean adds to the price of admission — the cost of living in this area is 43% higher than the national average.

Workwise, San Diego is a hot spot for those who have a career in the Navy, health care, or the aerospace industry. When it comes to recreation, this is where San Diego really shines.

The coastal city offers a diverse array of attractions, including the world-famous San Diego Zoo, SeaWorld San Diego, and LEGOLAND California, making it a top destination for tourists and a beloved home for residents.

Just don’t plan on walking to many of these activities: While you can walk to some outings in San Diego, it has a less-than-stellar walk score of 53 (out of a total of 100).

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Overall San Diego Market Trends

As local housing market trends go, San Diego is a hot topic. While housing prices rose 5.3% in February 2025 compared to last year, experts predict prices may continue to rise due to strong demand and limited inventory.

The San Diego real estate market is considered very competitive, as homes in the area generally go into contract in around 27 days and receive multiple offers. They do typically sell for 1% below list price, though.

San Diego homebuyers often face substantial down payments, with the median down payment reaching $169,000 in December 2024, nearly three times the national median. Despite these challenges, San Diego remains a desirable location for homebuyers, offering a high quality of life and a dynamic economic landscape.

$989,750

Median Sale Price

$712

Median Price Per Square Foot

27 days

Median Time on Market

San Diego Housing Market Forecast

San Diego is considered a very competitive market, with many homes receiving multiple offers. Popular homes can sell for 2% above list price and often go pending in only nine days.

Housing market forecast chart

*Graph taken from Zillow as of 4/2025

Demographics of the San Diego Market

San Diego is a popular vacation spot for many and home to more than 1.4 million people, two-thirds of whom are in the workforce. San Diego’s economy is robust, with key industries offering ample employment opportunities. The health care and social assistance sector employs approximately 208,979 individuals, accounting for 13.6% of the workforce. Professional, scientific, and technical services follow closely, employing around 12% of the workforce.

The largest employer in San Diego is the U.S. Navy, followed by the University of San Diego, Cubic Corporation, and Pulse Electronics.

Median Household Income: $105,780

Median Age: 36.0

College Educated: 52%

Homeowners: 46.6%

Married: 43.6%

Popular San Diego Neighborhoods

Not sure where you want to live in San Diego? With more than 100 neighborhoods to choose from, it can definitely be a tough choice.

Some are beach communities, and others have a more urban feel, but chances are there is a neighborhood that will be a great fit for you. Below are our top picks of the five best San Diego neighborhoods to explore.

La Jolla

La Jolla, often referred to as “the jewel” of San Diego, is a picturesque coastal community located approximately 12 miles north of downtown. Surrounded on three sides by the Pacific Ocean and backed by the steep slopes of Mt. Soledad, La Jolla boasts stunning ocean views, rugged cliffs, and sandy beaches.

This, combined with the area’s upscale amenities, contributes to La Jolla’s reputation as an affluent and desirable place to live.

Quick Facts

Population:

37,665

Median Age:

46.3

Housing Units:

19,351

Bike Score:

22/100

Walk Score:

29/100

Transit Score:

28/100

Median Household Income:

$204,979

La Jolla Housing Market

According to Redfin, the La Jolla housing market is somewhat competitive, with home prices selling for an average of $2.5 million in February 2025. This is up 8.1% compared to last year.

The average home in La Jolla sells for 2% below list price and goes pending in around 50 days.

Median Sale Price

$2.5 million

Median Price Per Square Ft.

$1,230

Grantville Mission Valley

Grantville is bordered by Allied Gardens, San Carlos, Serra Mesa, and Mission Valley. It is one of the city’s oldest communities, notable for housing the historical Mission San Diego de Alcalá, which was relocated to the area in 1774. This mission remains a significant landmark and tourist attraction.

Residents appreciate the neighborhood’s family-friendly environment, quality schools, parks, and proximity to shopping centers.

Quick Facts

Population:

8,530

Median Age:

33.4

Housing Units:

3,932

Bike Score:

36/100

Walk Score:

41/100

Transit Score:

37/100

Median Household Income:

$127,894

Grantville Housing Market

The Grantville housing market is considered very competitive, partly because houses for sale in this neighborhood generally go pending in around 15 days. However, home prices are down 2.9% since last year, which is good news for buyers.

Keep in mind, though, that many listed houses receive multiple offers and typically sell for 1% above list price.

Median Sale Price

$850,000

Median Price Per Square Ft.

$621

Coronado

Coronado, located just across the bay from downtown San Diego, has stunning beaches, a charming small-town feel, and iconic landmarks. The centerpiece is the historic Hotel del Coronado, a Victorian beachfront resort that has hosted celebrities, royalty, and U.S. presidents.

With its pristine shoreline, quaint shops, and oceanfront dining, Coronado offers a relaxed coastal lifestyle that feels worlds away from the city — yet is just a short drive or ferry ride from downtown San Diego.

Quick Facts

Population:

37,116

Median Age:

41

Housing Units:

19,042

Bike Score:

73/100

Walk Score:

54/100

Transit Score:

32/100

Median Household Income:

$202,767

Coronado Housing Market

Coronado home prices dropped by 4.6% in February 2025 compared to last year. According to Redfin, the housing market is somewhat competitive, with the average home going pending within 37 days and selling at 2% below list price.

Median Sale Price

$2.3 million

Median Price Per Square Ft.

$1.73K

Del Mar

Del Mar is nestled along the northern coast of San Diego County. It’s a prestigious seaside community known for its stunning ocean views, upscale homes, and laid-back elegance. The heart of Del Mar is its historical village, filled with boutique shops, gourmet restaurants, and cozy cafés — all just steps from the beach.

Quick Facts

Population:

3,921

Median Age:

55

Housing Units:

2,586

Bike Score:

49/100

Walk Score:

84/100

Transit Score:

n/a

Median Household Income:

$267,960

Del Mar Housing Market

Real estate in Del Mar is among the most exclusive in the region, with oceanfront estates, custom-built homes, and luxury condos commanding premium prices.

The Del Mar housing market is somewhat competitive, according to Redfin. Home prices have increased 55.8% in February 2025 compared to last year, making it one of the most expensive neighborhoods in San Diego.

However, the average home goes pending in 57 days and sells for 4% below list price, so those looking to buy may be able to do some negotiating.

Median Sale Price

$3.0 million

Median Price Per Square Ft.

$2,430

North Park

North Park, located just northeast of Balboa Park, is one of San Diego’s most vibrant and eclectic neighborhoods. Its dynamic atmosphere is fueled by indie coffee shops, craft breweries, record stores, art galleries, and an impressive lineup of locally owned restaurants offering everything from vegan eats to gourmet tacos.

Known for its historical Craftsman homes, walkable streets, and a thriving arts and culture scene, North Park draws a diverse mix of residents — from young professionals and creatives to long-time locals.

Quick Facts

Population:

33,820

Median Age:

34

Housing Units:

17,912

Bike Score:

64/100

Walk Score:

86/100

Transit Score:

49/100

Median Household Income:

$114,240

North Park Housing Market

The North Park housing market is considered very competitive; however, home prices are down 19.6% from February 2025 to last year.

Homes generally sell for about 1% below list price and go pending in around 15 days. In-demand homes can sell for 1% above list price in only about seven days.

Median Sale Price

$905,000

Median Price Per Square Ft.

$772

SoFi Home Loans

It’s easy to see why San Diego has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from whether you’re young and single or have a family to look after.

If you think San Diego could be your home sweet home, then you may need to consider your mortgage financing options.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

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FAQ

What is the current median home price in San Diego?

As of early 2025, the median home price in San Diego is approximately $989,750. Prices can vary significantly depending on the neighborhood, with upscale areas like La Jolla and Del Mar commanding much higher values.

Is the San Diego housing market considered competitive?

Yes, San Diego remains a competitive market. Many homes receive multiple offers, and desirable properties often sell quickly, sometimes above asking price.

Are home prices in San Diego going up or down?

While some neighborhoods have seen price dips, overall San Diego’s housing market has experienced modest year-over-year growth. The market remains strong, bolstered by steady demand, limited inventory, and the city’s desirable location and climate.

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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

‡Up to $9,500 cash back: HomeStory Rewards is offered by HomeStory Real Estate Services, a licensed real estate broker. HomeStory Real Estate Services is not affiliated with SoFi Bank, N.A. (SoFi). SoFi is not responsible for the program provided by HomeStory Real Estate Services. Obtaining a mortgage from SoFi is optional and not required to participate in the program offered by HomeStory Real Estate Services. The borrower may arrange for financing with any lender. Rebate amount based on home sale price, see table for details.

Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.

HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Depending on state regulations highlighted above, reward amount is based on sale price of the home purchased and/or sold and cannot exceed $9,500 per buy or sell transaction. Employer-sponsored relocations may preclude participation in the reward program offering. SoFi is not responsible for the reward.

SoFi Bank, N.A. (NMLS #696891) does not perform any activity that is or could be construed as unlicensed real estate activity, and SoFi is not licensed as a real estate broker. Agents of SoFi are not authorized to perform real estate activity.

If your property is currently listed with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®.

Reward is valid for 18 months from date of enrollment. After 18 months, you must re-enroll to be eligible for a reward.

SoFi loans subject to credit approval. Offer subject to change or cancellation without notice.

The trademarks, logos and names of other companies, products and services are the property of their respective owners.

SOHL-Q125-212

Apr

2025

Sacramento Housing Market: Trends & Prices

By SoFi General | mortgage | Comments Off

Sacramento Housing Market: Trends & Prices (2025)

Sacramento Real Estate Market Overview

By Robin Rothstein

(Last Updated – 4/2025)

Sacramento is most famous for being the capital of California, but this city has much more to it than just historical appeal.

It’s a city known for its thriving job market, its farm-to-table food scene (with dozens of farmers’ markets), and how close it is to San Francisco, the Napa Valley’s wine trail, Lake Tahoe, and other popular destinations. Add to that nightlife, parks, sports, and charming historical buildings dating back to the Gold Rush days, and you will likely understand its appeal.

Another plus is that while California is one of the most expensive states in terms of cost of living, at almost 45% more than the national average, Sacramento is what some might consider affordable, with a cost of living 30% above the U.S. norm. Come take a closer look at what it offers and several of its most popular neighborhoods.

Cost aside, Sacramento has a lot to offer for new graduates and career-focused individuals. Sacramento landed the 38th spot on a Wallethub list of best cities to start a career. The city is also seeing employment bounce back.

Recommended: First-Time Homebuyer Guide

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Sacramento Real Estate Market Trends

According to the real estate professionals at Redfin, Sacramento ranks as a very competitive housing market vs. other U.S. cities.

As of February 2025, homes that land on the market for sale typically get four offers and are sold within a brisk 20 days. Most homes in Sacramento sell for right around their asking price.

$487,500

Median Sale Price

$339

Median Price Per Square Ft.

20 days

Median Time on Market

Sacramento Housing Market Forecast

The Sacramento real estate market is fairly steady. The median house price increased 1.1% versus the previous year as of March 2025.

The fact that prices aren’t soaring may contribute to Sacramento’s popularity. It remains cheaper than neighbors like San Francisco and San Jose. On top of that, with its healthy population growth, real estate experts predict increasing buyer demand. While the City of Trees may not be California’s hottest housing market, it is a good bet for many prospective homebuyers shopping for a property and contemplating taking out a home loan.

Housing market forecast chart

*Graph taken from Zillow as of 4/2025

Demographics of the Sacramento Market

While each neighborhood in Sacramento has its own unique demographics, attractions, and market temperature, it’s worth checking out the Sacramento market as a whole before diving deeper into each neighborhood.

Median Income: $85,928

Median Age: 36.2

College Educated: 37.9%

Homeowners: 54%

Married: 44%

Popular Sacramento Neighborhoods

Over half a million people call Sacramento home, and there are dozens of neighborhoods to choose from, each with its own unique character and benefits.

Here are fast facts about five of Sacramento’s popular neighborhoods if you’re thinking about putting down roots here.

Midtown

From farmers’ markets to art galleries to a bustling restaurant and festival scene, Midtown has it all. And it’s walkable, making for a top-notch urban experience. This neighborhood is perfect for young professionals and families, is full of tree-lined streets, and is very bike-friendly. Worth noting: You may also hear this area referred to as Winn Park or Capital Avenue, which are smaller zones within the larger Midtown community.

Quick Facts

Population:

4,270

Median Age:

34

Housing Units:

2,572

Bike Score:

99/100

Walk Score:

94/100

Transit Score:

53/100

Median Household Income:

$103,187

Midtown Housing Market

Housing prices in Midtown tumbled a bit in February 2025 compared to last year (down 10.3%). The housing market is considered somewhat competitive, with homes in Midtown usually selling after 52 days on the market vs. 24 days last year. Properties are purchased on average 6% below their asking price, so you might get a good deal in Midtown.

Median Sale Price

$601,750

Median Price Per Square Ft.

$462

Tahoe Park

Tahoe Park is an increasingly popular neighborhood in Sacramento, with plenty of young couples and families (and their dogs) taking to the streets and parks in this walkable area. The park from which it gets its name is a big draw, with basketball, volleyball, softball, and soccer courts and fields, as well as a pool and play areas to enjoy. If you work up an appetite there, locals and food critics alike swear that stopping by Bacon & Butter is a must, especially if you love cinnamon buns.

Quick Facts

Population:

4,317

Median Age:

35

Housing Units:

1,806

Bike Score:

73/100

Walk Score:

58/100

Transit Score:

37/100

Average Household Income:

$82,547

Tahoe Park Housing Market

If you want to buy a home in Tahoe Park, be prepared to face some steep competition. Prices have climbed about 5% year over year as of February 2025, and many homes receive multiple bids, often with contingencies being waived. The average home sells for around the listing price and goes to pending in 24 days, with especially hot properties getting snapped up in nine days at 2% over list price.

Median Sale Price

$499,000

Median Price Per Square Ft.

$466

Land Park

Here’s another Sacramento neighborhood that gets its name from a park; William Land Park, to be specific. It has a golf course and picnic areas, and the zoo is nearby. It’s a favorite area with young families (kids love Fairytale Town, a storybook-themed attraction) and retirees.

If you have your heart set on a historical home, then check out some of Land Park’s beautiful options from the 1930s and ’50s. The tree-lined streets are favorites with many people who are house hunting and looking to buy a property.

Quick Facts

Population:

9,334

Median Age:

39

Housing Units:

4,290

Bike Score:

90/100

Walk Score:

68/100

Transit Score:

43/100

Median Household Income:

$132,135

Land Park Housing Market

Land Park is a competitive housing market, but not quite as intense as it was a year ago. For instance, the median sale price is down almost 20% vs. the previous year as of February 2025. Homes are going to pending status in, on average, 32 days compared to 21 days the year before. Properties are selling for about 1% under asking.

So if you are shopping for a home and getting preapproved for a mortgage, you may be able to breathe a little easier than you would have in the recent past.

Median Sale Price

$800,000

Average Price Per Square Ft.

$605

Natomas

Close proximity to two major freeways and the Sacramento International Airport gives Natomas residents plenty of travel options.

What’s to love about Natomas? Lots. Residents say they like the fact that it has a small-town suburban feel but is close to Sacramento’s downtown district, and they appreciate the good school system. It’s also conveniently located near two major freeways and the Sacramento International Airport, giving Natomas residents plenty of travel options. In addition, there’s a variety of restaurants and plenty of shopping at the Arden Fair mall and Natomas Marketplace. It’s no wonder this community is growing quickly.

Quick Facts

Population:

40,957

Median Age:

38.4

Housing Units:

15,152

Bike Score:

63/100

Walk Score:

45/100

Transit Score:

28/100

Median Household Income:

$132,611

Natomas Housing Market

The Natomas housing market qualifies as very competitive. The average sale price of homes in this neighborhood rose by almost 21% in February 2025 compared to last year. On average, homes sell within just 13 days of hitting the market (hot properties go in just 6 days), and buyers are typically paying only 1% under listing price. This is an in-demand neighborhood in Sacramento and tops many people’s lists for where they’d love to live.

Note: These statistics apply to the Natomas Park area. With 40,000-plus residents, Natomas has a few different, defined areas, each with its own data points.

Median Sale Price

$622,500

Median Price Per Square Ft.

$277

Elk Grove

Elk Grove has been attracting homebuyers — especially young families — for a few years now. Its ranks have recently passed 175,000. As you might guess, in a community of this size, there’s everything from compact starter homes to sprawling estates.

Among the perks of living here: Lots of parks, trails, local events, the award-winning school system, and a diverse restaurant scene. One hub of the neighborhood is DOCO, or Downtown Commons, which offers a mix of entertainment and eateries.

Quick Facts

Population:

176,105

Median Age:

38.7

Housing Units:

56,057

Bike Score:

45/100

Walk Score:

32/100

Transit Score:

N/A

Median Household Income:

$134,666

Elk Grove Housing Market

Get ready to roll up your sleeves and get to work if you want to find the perfect home in Elk Grove. The market is considered to be very competitive, though a bit less intense than a year ago. For instance, most homes sold after 31 days on the market as of February 2025, versus 21 days a year prior.

Nevertheless, many homes receive multiple offers, sometimes with contingencies waived. Most properties sell for right around their asking price; hot properties may go for a few percentage points over the list price.

Median Sale Price

$645,640

Median Price Per Square Ft.

$317

SoFi Home Loans

It’s easy to see why Sacramento has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from, whether you’re young and single or have a family to look after.

If you think Sacramento could be your home sweet home, then you may need to consider different mortgage loans during your home-buying process.

SoFi Mortgages: simple, smart, and so affordable.

View your rate

FAQ

What is the best month to sell a house in Sacramento?

Spring and early summer (specifically, March through June) is when demand tends to be highest, and the weather is good for touring properties. This timing works well for buyers with kids who want to get settled before the school year starts in the fall, too.

What’s the average price of a home in Sacramento?

According to Zillow, the average home value in Sacramento is $480,407 as of February 2025, which reflects a 1.1% increase vs. the prior year.

Are housing prices dropping in Sacramento?

Overall, there has been a slight softening in the market as of early 2025, but there is still good demand for homes in Sacramento, and in some popular neighborhoods, multiple bids are not uncommon.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SOHL-Q125-214

Apr

2025

San Antonio Housing Market: Trends & Prices

By SoFi General | mortgage | Comments Off

San Antonio Housing Market: Trends & Prices (2025)

San Antonio Real Estate Market Overview

By Robin Rothstein

(Last Updated – 4/2025)

Voted the sixth best place to live in Texas in 2024-5 by U.S. News & World Report, San Antonio offers the best of two worlds. Whether residents are looking for big-city amenities or want to spend their days in a relaxed and inviting atmosphere, San Antonio can deliver.

San Antonio may be taught in school as the home of the Alamo, but it’s also home to famous theme parks, theater and music venues, and sports arenas, not to mention its River Walk, snaking for 15 miles and offering all kinds of attractions, shopping, and eateries. Over 1.495 million residents call it home, and it currently ranks as one of America’s fastest-growing cities. The cost of living in San Antonio comes in at roughly 9% below the national average, and median home prices come in well below the national median.

By the way, San Antonio has around 250 sunny days every year. So stock up on some sunscreen and discover more helpful facts about the San Antonio housing market.

Recommended: Cost of Living by State

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real estate agent and earn up to
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San Antonio Real Estate Market Trends

According to the real estate pros at Redfin, who size up national and local housing market trends, San Antonio has a somewhat competitive market. Homes in this area typically receive two offers and sell for 3% below list price.

San Antonio properties generally go to pending in 74 days, so homebuyers may not have to move too quickly to find a good deal.

Recommended: First-Time Homebuyer’s Guide

$249,000

Median Sale Price

$161

Median Price Per Square Foot

74 days

Median Time on Market

San Antonio Housing Market Forecast

For those looking to grab their Texas dream home at a discount, San Antonio may have some appealing options.

San Antonio housing prices went down by 3.9% year over year as of February 2025. Real estate experts report that homes in San Antonio remain cheaper than in other areas of the state and well below the national average. That can make it an attractive spot for those contemplating buying a home and taking out a .

*Graph taken from Zillow as of 4/2025

Demographics of the San Antonio Market

San Antonio is a city with deep historical roots but isn’t afraid to modernize, making it an ideal place to call home for singles, families, students, and career ladder climbers.

Take a peek at the demographics of the San Antonio real estate market for a broader look at the city.

Median Household Income: $62,917

Median Age: 34.6

College Educated: 28.7%

Homeowners: 52%

Married: 44%

Popular San Antonio Neighborhoods

Ranging from undeniably modern to richly historical, the housing market in San Antonio is a diverse one with many charming neighborhoods to choose from.

Some neighborhoods prioritize arts and culture; others are at the top of their game in the medical industry or other business.

Olmos Park

Olmos Park prides itself on being a friendly enclave with both a small-town feel and a bustling business district.

Actually a small city surrounded by San Antonio, Olmos Park loves to host major social events throughout the year for occasions like the Fourth of July. Families will feel right at home in this tiny affluent niche, which is near the San Antonio Zoo, a popular destination.

Quick Facts

Population:

2,286

Median Age:

42.6

Housing Units:

1,060

Bike Score:

51/100

Walk Score:

48/100

Transit Score:

42/100

Median Household Income:

$326,854

Olmos Park Housing Market

Homebuyers with their eyes on Olmos Park may feel like they’re a little late to the rodeo, as this neighborhood has become somewhat competitive. Prices took a big jump up in the last year, seeing an increase of almost 87% as of February 2025. That said, typically homes in this area sell for about 5% under their list price, but some receive multiple offers.

Homes in Olmos Park spend around 57 days on the market, so buyers still have a bit of breathing room when deciding where they want to put down roots.

Median Sale Price

$1,400,000

Median Price Per Square Ft.

$335

Downtown

The world-famous River Walk may be the most popular attraction in Downtown San Antonio, but this neighborhood also offers museums, theaters, schools, and historic sites such as the Alamo (one of the city’s five missions).

There are also great restaurants and shops to enjoy, as well as superb housing options to be uncovered. Residents appreciate its walkable urban vibe, affordability, and public school system.

Quick Facts

Population:

16,6554

Median Age:

35

Housing Units:

8,472

Bike Score:

65/100

Walk Score:

82/100

Transit Score:

73/100

Median Household Income:

$61,098

Downtown Housing Market

For those thinking about heading Downtown, it’s worth noting that the housing market in this neighborhood is not considered to be very competitive. That means you could take your time, shop around, and review your options. Prices have softened, down 4% year over year as of early 2025, and the median price per square foot tumbled 44%

What’s more, homes are typically on the market for around 102 days, which can allow prospective buyers to wait and see what else comes on the market before making a final decision.

Median Sale Price

$422,500

Median Price Per Square Ft.

$239

Terrell Heights

Terrell Heights features lush landscapes, intimate parks, and mature trees that lend a peaceful feel to this neighborhood. It’s noted for being family-, dog-, and retiree-friendly, and there are plenty of cute coffee shops and restaurants for those who want to grab a sip or a bite while out and about.

For those looking for an escape from the hustle and bustle of San Antonio, Terrell Heights can offer a reprieve.

Quick Facts

Population:

5,045

Median Age:

42

Housing Units:

1,896

Bike Score:

50/100

Walk Score:

65/100

Transit Score:

37/100

Median Household Income:

$286,534

Terrell Heights Housing Market

The market, as of February 2025, is not very competitive in Terrell Heights, which can mean house hunters may not have to be too stressed. The median sale price dropped 3.2% year over year, and properties usually stay on the market for about 89 days, and sell for around 5% below list price.

Median Sale Price

$436,000

Median Price Per Square Ft.

$206

Oakland Estates

Real estate experts consider Oakland Estates to be a great place for a first-time homebuyer in Texas to consider. With popular education, entertainment, dining, and shopping options, Oakland Estates has many things busy professionals and families are looking for.

It’s known for having homes on larger lots, which many buyers appreciate, and being close to main roads that can zip you wherever you’re going. Plus, there are major employers like UTSA and South Texas Medical Center nearby for even shorter commuting times.

Quick Facts

Population:

57,532

Median Age:

31.9

Housing Units:

27,299

Bike Score:

37/100

Walk Score:

27/100

Transit Score:

28/100

Median Household Income:

$82,296

Oakland Estates Housing Market

The Oakland Estates housing market is somewhat competitive and could keep buyers on their toes. Prices have jumped 55.3% year over year as of February 2025. Sales tend to come in at 2% under the asking price, and they sell in an average of 46 days.

That said, there’s not a lot of inventory, so if you don’t like what’s available at a given moment, you may have to wait a month or more for more properties to come on the market.

Median Sale Price

$625,000

Median Price Per Square Ft.

$173

Dignowity Hill

Dignowity Hill is a popular neighborhood thanks to its walkability, quaint antique architecture, and proximity to downtown. Small Victorian-style houses and a historical park add to the charm of this beloved San Antonio neighborhood, which has gentrified in recent years, with empty lots being snapped up and built on by developers. There are many food and entertainment options that draw locals and those from farther afield to this area.

Quick Facts

Population:

9,685

Median Age:

39

Housing Units:

4,989

Bike Score:

64/100

Walk Score:

67/100

Transit Score:

50/100

Median Household Income:

$67,599

Dignowity Hill Housing Market

Redfin rates Dignowity Hill as “not very competitive” and reports that it’s rare for homes in this market to receive multiple offers. That’s good news for buyers who aren’t fans of a rushed purchase process. However, prices have risen just over 50% in the past year as of February 2025, which should be noted by those budgeting for a home purchase.

On average, listed homes in Dignowity Hill stay on the market for 119 days and sell for roughly 5% below list price.

Median Sale Price

$302,875

Median Price Per Square Ft.

$170

SoFi Home Loans

It’s easy to see why San Antonio has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from whether you’re young and single or have a family to look after.

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FAQ

Are home prices dropping in San Antonio?

At the start of 2025, the median home price in San Antonio was $249,000, a drop of 3.9% from the previous year. Prices are not currently predicted to rise, meaning San Antonio can offer a good place to purchase a home at well below the national average price.

How long are houses staying on the market in San Antonio?

At the end of 2024, data indicated that it typically takes 76 days to sell a house in San Antonio. Then it usually takes another 35 days to close, meaning a total timeline of 111 days.

Is San Antonio a good real estate investment?

There are no guarantees about whether a given city or property is a good investment, but overall, the San Antonio market is considered a good investment because prices are affordable and the area is growing considerably, with indicators of a good job market.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SOHL-Q125-213

Apr

2025

Philadelphia Housing Market: Trends & Prices

By SoFi General | Uncategorized | Comments Off

Philadelphia Housing Market: Trends & Prices

Philadelphia Real Estate Market Overview

By Robin Rothstein

(Last Updated – 4/2025)

There’s a lot to love about the City of Brotherly Love. For starters, U.S. News & World Report ranks Philadelphia as the 135th best place to live in America and the 85th best place in America to retire.

When it comes to actually living in Philadelphia, the cost of living is 3.3% higher than the national average, according to the Council for Community and Economic Research’s 2024 Cost of Living Index, but is far less than nearby metro areas like Washington, D.C., and New York City. The median Philadelphia home sale price is also significantly lower, at $250,000, as of February 2025. (Prices rise significantly when you include the city’s suburbs, however.) The national median sale price for the same month was significantly higher, at $424,810, according to Redfin.

Recommended: Cost of Living in Pennsylvania

Residents need to bundle up during the chilly winters, but they can take advantage of all of Philadelphia’s outdoor spaces in the other seasons. Of course, this city is best known for Philly cheesesteaks, but there is also a smorgasbord of food trucks, restaurants, and beer gardens for locals to satisfy their cravings. If this sounds appealing, read more about home ownership.

Keep reading to learn more about the Philadelphia real estate market, popular neighborhoods, and housing prices.

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Overall Philadelphia Market Trends

The real estate pros at Redfin find the Philadelphia housing market to be somewhat competitive; homes sell in an average of 67 days.

Some homes receive multiple offers. On average, homes sell for 3% below list price. One way to gain an advantage in the market is to seek mortgage preapproval so you’re prepared with mortgage financing when you see a property you love.

$250,000

Median Sale Price

$191

Median Price Per Sq. Foot

67 days

Median Time on Market

Philadelphia Housing Market Forecast

Philadelphia’s housing market is one to follow, with strong signs of buyer competition in its future.

According to Zillow, Philadelphia median home prices rose by 3.9% over the past year. Zillow has also predicted that Philly will be the fifth most competitive metro area for homebuyers in 2025. So who’s scooping up homes in Philadelphia? Generation Z, for one, has been fueling part of the demand. Philadelphia has reportedly been among the top five cities for Gen Z homebuyers 25 and younger in recent years, and Gen Z home seekers are expected to continue to play a strong role in Philadelphia’s housing market. Bars and sports venues, commute options, and access to parks all play a role in Philly’s appeal.

Housing market forecast chart

*Graph taken from Zillow as of 4/2025

Demographics of the Philadelphia Market

This vibrant city is packed with interesting neighborhoods and is bordered by charming towns.

Before exploring the most popular neighborhoods of Philadelphia, stepping back and getting the bigger picture may prove worthwhile. While each neighborhood has its own demographics, it can be helpful to look at Philadelphia as a whole.

Median Income: $60,302

Median Age: 35.6

College Educated: 35.7%

Homeowners: 52.2%

Married: 40%

Popular Philadelphia Neighborhoods

Philadelphia is known as being a “city of neighborhoods,” and there are tons of distinct areas to explore, from the bustling downtown to a veritable museum row.

Homebuyers may want to check out popular neighborhoods in Philadelphia. Here are demographics, characteristics, and housing prices in five.

University City

University City lies in the heart of West Philadelphia and is named for being an academic epicenter of the region. Two distinguished campuses, the University of Pennsylvania and Drexel University, are here.

Alongside great education opportunities are nationally renowned medical hubs that serve multiple disciplines. Museums, galleries, festivals, and performance spaces can also be found in this dynamic neighborhood.

Quick Facts

Population:

53,679

Median Age:

22.9

Housing Units:

22,822

Bike Score:

92/100

Walk Score:

90/100

Transit Score:

95/100

Median Household Income:

$33,766

University City Housing Market

Home values in University City rose significantly over the past year, according to Redfin.

Median Sale Price

$537,000

Median Price Per Sq. Foot

$180

Rittenhouse Square

Rittenhouse Square is considered to be an oasis in the midst of a bustling city. This pretty neighborhood attracts some of Philadelphia’s chicest residents, as well as students and young professionals.

From shopping to dining to quiet walks on tree-lined streets, Rittenhouse Square can give residents a taste of whatever it is they’re looking for.

Quick Facts

Population:

13,646

Median Age:

33.3

Housing Units:

9,693

Bike Score:

91/100

Walk Score:

99/100

Transit Score:

100/100

Average Household Income:

$140,822

Rittenhouse Square Housing Market

Buyers will find that the market here is not especially competitive, although the median sale price is high.

It’s rare for a home to receive multiple offers. Homes typically sell for about 3% below list price and go pending in around 91 days.

Median Sale Price

$795,000

Median Price Per Sq. Foot

$391

Bella Vista

Nice view indeed.

This area was settled by Italian immigrants, and today visitors and locals alike flock to the famous 9th Street Italian Market, which is the oldest operational open-air market like it in America.

Today residents come from near and far, and diversity is celebrated.

Quick Facts

Population:

39,100

Median Age:

35.9

Housing Units:

20,846

Bike Score:

83/100

Walk Score:

97/100

Transit Score:

78/100

Median Household Income:

$105,233

Bella Vista Housing Market

In this somewhat competitive market, some homes receive multiple offers. Homes can sell for about 2% below list price.

Buyers will find prices here down slightly over the past year. The average home stays on the market for 53 days, less time than in Philadelphia as a whole.

Median Sale Price

$540,000

Median Price Per Sq. Foot

$492

Old City

History buffs will love Old City, as this is the place where the Declaration of Independence was signed.

This neighborhood is known for embracing its historic past and looking to the future. Lying next to the Delaware River, Old City can offer residents everything they’re seeking, from culture to art to more historic spots than they’ll know what to do with.

While many are drawn to Old City for its reputation as the nation’s most “historic square mile,” modern nightlife and hip restaurants are also plentiful.

Quick Facts

Population:

6,994

Median Age:

36

Housing Units:

4,541

Bike Score:

83/100

Walk Score:

98/100

Transit Score:

98/100

Median Household Income:

$109,632

Old City Housing Market

The real estate market in the Old City neighborhood is not very competitive; it takes around 166 days for homes to sell in this area.

Homes do not typically receive multiple offers and sell for around 4% under list price.

Median Sale Price

$398,000

Median Price Per Square Ft.

$387

Washington Square West

Modernity meets historic charm in Washington Square West, where cobblestone streets are nestled around luxe high-rise condos.

For those who like to do a little shopping on the weekends, this area specializes in jewelry, antiques, and artwork. Or you can spend time at the beloved Washington Square Park in the northeast corner of the neighborhood.

Quick Facts

Population:

7,303

Median Age:

34

Housing Units:

4,517

Bike Score:

89/100

Walk Score:

99/100

Transit Score:

100/100

Median Household Income:

$86,462

Washington Square West Housing Market

The more popular homes in Washington Square West go to pending in 71 days, but on average homes in this neighborhood go to pending after 83 days on the market.

Multiple offers are unusual, and the average home sells for around 4% below list price.

Median Sale Price

$517,500

Median Price Per Sq. Foot

$415

SoFi Home Loans

The Philadelphia real estate market is somewhat competitive. This is a big city with charming old neighborhoods, wonderful universities, lots of culture, and a vast menu.

If you think Philadelphia could be your home sweet home, then you may need to consider your mortgage financing options.

SoFi Mortgages: simple, smart, and so affordable.

View your rate

FAQ

Is it a good idea to buy real estate in Philadelphia?

In recent years, Philadelphia has been one of those rare big cities where it is less expensive to buy than it is to rent. This has made buying in Philly, where home prices are relatively affordable and well below the national average, a smart move for those who can afford a down payment and know they plan to stay in the city long-term.

What is the Philadelphia home price trend?

Over the last five years, home prices in Philadelphia — including single-family homes — have moved pretty steadily upward, aside from a drop in the second half of 2022. Condo and coop prices, however, have flattened out in recent years. Prices may be affected by supply, and Philadelphia has added a significant number of new housing units in the last year, with most of the growth happening in the Center City area.

Why is Philadelphia so cheap?

Housing prices that are lower than in many large cities and health care costs that sit 4% below the national average have contributed to Philadelphia’s relatively low overall cost of living, which is just 3% above the U.S. average. Utilities and groceries are above the national average in Philly, but still low when compared to other large cities such as New York or Washington, DC.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

SOHL-Q125-218

Apr

2025

San Francisco Housing Market: Trends & Prices

By SoFi General | mortgage | Comments Off

San Francisco Housing Market: Trends & Prices (2025)

San Francisco Real Estate Market Overview

By Robin Rothstein

(Last Updated – 04/2025)

The City by the Bay is an alluring town known for its amazing food, gorgeous architecture, and beloved sports teams. Not to mention, those stunning bay views.

This city may have a lot of cool, gloomy days, but the San Francisco housing market is very hot, even as the city’s cost of living is 66.8% above the national average.

The San Francisco median sale price rose 1.7% year over year as of February 2025, indicating this city has a hot housing market. For an average family of four, some experts estimate that they would need to earn as much as $339,123 annually to live in San Francisco comfortably.

While living in San Francisco is expensive, the city has a lot to offer that might make the cost worth it. Alongside amazing career opportunities in the tech world and other major industries, there is plenty of art, music, food, and fashion to enjoy in this somewhat small but very metropolitan city.

San Francisco is beloved for its diversity, so if you do look into buying there, make sure to take advantage of all of the city’s quirks.

Get matched with a local
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Recommended: Cost of Living by State (2025)

Overall San Francisco Market Trends

As local trends go, the real estate experts at Redfin consider the San Francisco housing market to be very competitive.

Homes for sale in this area generally receive multiple offers, sell for 5% above asking price, and go pending in around 21 days.

$1,392,750

Median Sale Price

$951

Median Price Per Square Ft.

19 days

Median Days on Market

San Francisco Housing Market Forecast

What are experts forecasting for the San Francisco housing market in the coming year?

Housing prices dipped recently but are currently rising again. San Francisco’s housing inventory is on the low side, and its total supply is not keeping up with demand. Despite the high cost of living, it still attracts many people interested in buying homes there. Many properties (49%) sell for over list price. However, the number of homes with price drops has risen 2.8% in the past year as of early 2025. This could mean that buyers who are interested in moving to San Francisco, and can afford it, might have a bit of an easier time finding their dream home.

Housing market forecast chart

*Graph taken from Zillow as of 04/2025

Demographics of the San Francisco Market

While San Francisco is a relatively compact city, its many neighborhoods offer up completely different vibes. From residential to coastal to retro, there’s likely a neighborhood for everybody.

In addition, it’s home to some well-known and successful tech-driven companies, such as Uber, Instacart, Atlassian, Snap, Dropbox, and Salesforce. This can make for a robust job market and may help explain why the median income is so much higher than the national average.

Overall, let’s look at the demographics of the San Francisco real estate market that may affect you, no matter where you decide to live.

Median Household Income: $126,730

Median Age: 40.7

College Educated: 60.4%

Homeowners: 38.5%

Married: 42%

Recommended: Mortgage Calculator

Popular San Francisco Neighborhoods

While the actual number of neighborhoods is heavily debated by San Francisco residents, there are about 20 popular neighborhoods to choose from.

Each neighborhood has something special to offer, so it will be challenging to narrow your choices. To help, we rounded up some fast facts about five of the most popular neighborhoods in San Francisco to consider if you’re contemplating a purchase and taking out a home loan.

Buena Vista

If you’ve always dreamed of having your own room with a view, then you’re in luck. The Buena Vista neighborhood is perched on one of San Francisco’s notoriously steep hills, providing residents with great views.

This neighborhood provides a safe haven from the hectic city, as it is low on commercial street traffic and high on greenery.

Quick Facts

Population:

39,496

Median Age:

34.5

Housing Units:

19,773

Bike Score:

72/100

Walk Score:

93/100

Transit Score:

80/100

Median Household Income:

$242,062

Buena Vista Housing Market

The housing market in Buena Vista has been on a bit of a rollercoaster lately, with prices dropping 36%, so there may be bargains out there. Nevertheless, the neighborhood is still considered quite competitive. Homes that are listed receive multiple offers and sell for about 6% above the listing price.

As of early 2025, Buena Vista houses on the market go pending in 19 days.

Median Sale Price

$950,000

Median Price Per Square Ft.

$1,070

Outer Sunset

Outer Sunset is another San Francisco neighborhood that offers a tranquil feel.

This almost suburban neighborhood is right next to the Pacific Ocean, which means there is a lot of outdoor fun to be had — especially if you love to surf. Residents also say they appreciate the parks; the array of bars, restaurants, and cafes; and the solid school system.

Quick Facts

Population:

59,453

Median Age:

40.8

Housing Units:

24,030

Bike Score:

77/100

Walk Score:

83/100

Transit Score:

57/100

Median Household Income:

$179,517

Outer Sunset Housing Market

If you are drawn to Outer Sunset, you are not alone. According to Redfin, Outer Sunset is among the most competitive housing markets out there. Home prices are up 7.7%, and the time in which a home sells has dropped from 45 days to 16 days as of 2025.

Median Sale Price

$1,555,000

Median Price Per Square Ft.

$1,090

South of Market

San Francisco’s South of Market District, commonly called SoMa by locals, has become the home of many tech startups in recent years.

This neighborhood has something for everyone, from Michelin star restaurants to a trusty Trader Joe’s. It is also near other popular neighborhoods like the Design District, which expands your options for food, entertainment, and shopping.

Quick Facts

Population:

20,293

Median Age:

36

Housing Units:

12,581

Bike Score:

94/100

Walk Score:

97/100

Transit Score:

99/100

Median Household Income:

$171,338

South of Market Housing Market

This housing market is deemed somewhat competitive. For buyers, that can be good news. What’s more, the area has a lower median sale price than the other popular San Francisco neighborhoods highlighted here. It is also significantly below the median sale price for San Francisco overall.

South of Market home values were down 12.2% in early 2025 compared to last year, and homes typically sell for 3% below list price.

Median Sale Price

$900,000

Median Price Per Square Ft.

$864

Pacific Heights

Some refer to Pacific Heights as the quintessential San Francisco neighborhood. Many grand Victorian homes grace Pacific Heights, and the neighborhood offers great views of the bay and the Golden Gate Bridge. Residents say it’s safe, has a few great parks, and street parking isn’t as difficult as elsewhere in the city.

Quick Facts

Population:

21,217

Median Age:

37.4

Housing Units:

13,205

Bike Score:

66/100

Walk Score:

97/100

Transit Score:

80/100

Median Household Income:

$149,927

Pacific Heights Housing Market

While still pricey, Pacific Heights has seen home prices drop a significant 40.6% year over year as of early 2025, and properties typically sell for 1% below their asking price. However, the market is still considered very competitive. The time for houses on the market to get snapped up and deemed “sold” was 40 days vs. 62 days the prior year.

Median Home Price

$1,720,000

Median Price Per Square Ft.

$1,200

Haight-Ashbury

The name Haight-Ashbury might ring a bell: It was the epicenter of the 1960s counterculture movement.

While many people like what they describe as the “funky” and “bohemian” vibe, others point out the number of tourists in the neighborhood, plus some of the same issues (panhandling) you’ll find elsewhere in the city.

Quick Facts

Population:

39,496

Median Age:

34.5

Housing Units:

19,773

Bike Score:

82/100

Walk Score:

97/100

Transit Score:

73/100

Median Household Income:

$242,062

Haight-Ashbury Housing Market

This neighborhood in San Francisco has seen a steep price drop of almost 30% year over year as of February 2025. Nevertheless, if you want to buy a home in Haight-Ashbury, get ready to compete. It’s still a challenging market. Inventory is low, and homes typically sell for 3% above list price and go to pending status in 36 days.

Highly desirable homes can sell for as much as 19% above list price.

Median Sale Price

$897,500

Median Price Per Square Ft.

$1,200

SoFi Home Loans

It’s easy to see why San Francisco has become such a popular market to buy a home in. There are some really amazing neighborhoods to choose from whether you’re young and single or have a family to look after.

If you think San Francisco could be your home sweet home, then you may need to consider your mortgage financing options.

SoFi Mortgages: simple, smart, and so affordable.

View your rate

FAQ

Are home prices dropping in San Francisco?

As of early 2025, prices have been dropping in San Francisco, as they have in several major U.S. cities. Home prices tumbled by almost 11% year over year to $889,500. In the U.S. as a whole, the median home price in December 2024, stood at $402,502, down from $410,000 in 2023.

Should I buy a house now or wait to see if prices drop?

Deciding when to buy a house is a very personal decision. It depends on your own financial situation, your personal needs, and your risk tolerance. For example, if you are relocating for work and rental options are scarce or pricey, you may want to dive into the market now. It’s also worth noting that if the economy declines, it can make jobs unstable and credit harder to come by, so it’s wise to factor that in, too.

What is the San Francisco housing market forecast this year?

As in most markets, people are bracing to see how the economy pans out. At the start of the year, the forecast was that interest rates and the market were holding steady; rates, for instance, had risen from lows of about 3.15% in early 2021 to 7.00% in 2023, and haven’t dropped. That said, if the economy declines, these indicators are in play, and the market could soften.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SOHL-Q125-211

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