The median sale price of a home sold in the third quarter of 2024 in San Diego County rose by $42,500, while total sales decreased by 74.5%, according to BlockShopper.com.
From July through September of 2024, 982 homes were sold in the county, with sale prices around $900,000. This is a 5% increase over the $857,500 median sale price during the same period in 2023, when there were 3,849 homes sold.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in San Diego County from July 2023 to September 2024.
