Wondering about the latest home values in San Diego, CA? Whether you’re contemplating a sale, aiming to ditch PMI, or simply curious about market trends, knowing your home’s worth is key. In this guide, we’ll explore current home values in America’s Finest City, offer advice on how to get an accurate home value estimate, and provide practical tips to boost your home’s value. Plus, we’ll introduce helpful tools to ensure you get the best price for your San Diego home when it’s time to sell. The median home price in San Diego County has surged by over 50% since the start of the decade. According to the Greater San Diego Association of Realtors, the typical home — across all property types— sold for a staggering $950,000 in June 2024, compared to $630,000 in 2020. Price increases have been even more pronounced in the single-family home market. In June, the median price of a resale single-family home exceeded $1 million for the first time, reaching $1,091,000. “It was inevitable, and it will surpass that,” said Mark Goldman, a San Diego loan officer and real estate analyst, in a recent interview with The San Diego Union-Tribune. The table below highlights the sharp rise in home prices in San Diego County over the past five years: This trend isn’t isolated to San Diego; it’s evident across the United States. The Case-Shiller National Home Price Index indicates that nationwide home prices have risen 47% since 2020. This increase has resulted in considerable homeowner equity. According to ICE’s Mortgage Monitor, the average mortgage-holding homeowner now possesses $299,000 in equity. Homeowners can leverage this equity for home improvements, new property purchases, debt reduction, or retirement savings. In the next section, we’ll explain how to estimate the value of your San Diego home.Current home values in San Diego, CA
Year Median home price Percent change year-over-year 2024 (June) $950,000 +10.5% 2023 (annual) $845,000 +3.0% 2022 (annual) $820,000 +10.8% 2021 (annual) $740,000 +17.3% 2020 (annual) $630,000 +8.6%
