San Diego Housing Market: Trends & Prices

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    San Diego Real Estate Market Overview

    (Last Updated – 03/2020)

    Good old sunny San Diego. A spot where there are as many recreational activities as there are career opportunities. Stunning beaches and bustling industry combine to create one of the most appealing places to live in the entire country.

    Which is why there are plenty of people out there curious about the San Diego housing market. Speaking of which, the average home price in San Diego is $609,000 and the median household income is $79,646. Though proximity to the ocean doesn’t come for free—the cost of living in this area is 44% higher than the national average.

    Work-wise, San Diego is a hot spot for those who have a career in the Navy, healthcare, and the aerospace industry. When it comes to recreational activities, this is where the San Diego market really shines.

    The San Diego Zoo is world famous for its wide variety of exotic animals and elaborate exhibits, the beaches are renowned, and you can visit Mexico quickly and easily.

    Just don’t plan on walking to any of these activities—while you can walk to some outings in San Diego, it has a less-than-stellar walking score of 51.

    $609,000

    Avg. Home Price

    $447

    Avg. Price Per Sq. Ft

    30 days

    Avg. Time on Market

    San Diego Housing Market Forecast

    San Diego is considered a very competitive market as most listed homes go pending in around 30 days. Additionally, homes are selling for about 1% below list price.

    Housing market forecast chart

    *Graph taken from Zillow as of 02/2020

    Demographics of the San Diego Market

    San Diego is a popular vacation spot for many, but it is also home to 1.43 million people—over 700,000 of which are employed in the area. Be prepared to spend some time in the car for your daily commute, San Diego is considered to be only “somewhat walkable.”

    The beautiful weather in San Diego makes it definitely tempting to walk or bike wherever you need to go.

    On average, the city only sees precipitation on about 43 days each year. So you might want to stock up on some sunscreen if you’re planning on moving to San Diego.

    Median Income: $79,646

    Median Age: 35.4

    College Educated: 37%

    Homeowners: 46.8%

    Married: 46%

    Serra Mesa

    Serra Mesa is in the heart of San Diego County and is close to downtown, yet maintains a small-town feel. The neighborhood is perfect for busy workers who want to escape the big-city hustle on the weekends.

    Serra Mesa is a family-friendly community, and parents may sleep easier knowing there are excellent medical facilities nearby.

    Quick Facts

    Population:

    26,823

    Median Age:

    32.8

    Housing Units:

    12,377

    Bike Score:

    37

    Walk Score:

    38

    Transit Score:

    30

    Average Household Income:

    $73,272

    Serra Mesa Housing Market

    The Serra Mesa housing market is very hot right now with prices predicted to increase in the area. Housing prices are up 9.8% since last year and houses are on the market on average 13.5 days.

    Despite the homes in this neighborhood being a hot commodity, the median price per square foot in Serra Mesa is only $404 compared to the San Diego average of $480.


    Average Home Price

    $670,000

    Average Price Per Sqare Ft.

    $404


    Grantville

    The Grantville neighborhood of San Diego is home to the famed Balboa Park—which includes topnotch museums and is a hop, skip, and a jump away from the San Diego Zoo. Kids and adults alike will love spending their weekends in this thrilling neighborhood.

    Quick Facts

    Population:

    8,234

    Median Age:

    31.8

    Housing Units:

    3,690

    Bike Score:

    36

    Walk Score:

    43

    Transit Score:

    38

    Average Household Income:

    $101,642

    Grantville Housing Market

    The Grantville housing market is considered very competitive right now—partly because houses for sale in this neighborhood generally go pending in around 33 days. Listed houses also receive multiple offers from buyers, despite prices having risen in the past year.


    Average Home Price

    $363,000

    Average Price Per Square Ft.

    $411


    Mission Valley East

    If you’re a jetsetter, you may find that Mission Valley East offers you all the conveniences you need to live your best life. You’ll be just minutes away from the San Diego International Airport.

    When you are home, you can expect to find all the excitement you do while traveling. This neighborhood is a 15-minute drive to the San Diego Zoo, SeaWorld San Diego, and the Downtown Gaslamp District.

    Quick Facts

    Population:

    21,973

    Median Age:

    31.5

    Housing Units:

    12,237

    Bike Score:

    52

    Walk Score:

    50

    Transit Score:

    45

    Average Household Income:

    $83,018

    Mission Valley East Housing Market

    Mission Valley East homes on average have a lower price per square foot than the San Diego median and housing prices have decreased over the past year.


    Average Home Price

    $471,000

    Average Price Per Square Ft.

    $418


    Allied Gardens

    If you’re looking for a safe, friendly, and convenient neighborhood, then Allied Gardens may be a good fit for you.

    Locals can’t say enough nice things about this area! 94% of residents say it’s dog friendly, 90% feel parking is easy, and 82% are comfortable walking alone at night.

    Quick Facts

    Population:

    29,392

    Median Age:

    40

    Housing Units:

    11,975

    Bike Score:

    30

    Walk Score:

    38

    Transit Score:

    28

    Average Household Income:

    $112,607

    Allied Gardens Housing Market

    Housing prices are rising rapidly in Allied Gardens. Current home values are 30% higher since last year and houses are on the market on average 25 days.

    In Allied Gardens, the median list price per square foot is only $469, a much lower price than generally found in San Diego. Homeowners should be aware that foreclosures are expected to impact home values in the next few years.


    Average Home Price

    $682,000

    Average Price Per Square Ft.

    $469


    Kearny Mesa

    Residents of Kearny Mesa enjoy living in an area with an urban feel that’s also packed with great dining options, parks, and coffee shops.

    This neighborhood is popular with young professionals and offers public schools with above-average ratings for families.

    Quick Facts

    Population:

    26,793

    Median Age:

    34

    Housing Units:

    10,107

    Bike Score:

    49

    Walk Score:

    44

    Transit Score:

    41

    Median Household Income:

    $84,528

    Kearny Mesa Housing Market

    Despite the fact that the Kearny Mesa housing market is considered very competitive right now, the average home prices have gone down since last year.

    These homes generally sell for about 1% below list price and go pending in around 32 days.


    Average Home Price

    $650,000

    Average Price Per Square Ft.

    $343



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