San Diego Coastal Real Estate Market Update: March & April Trends 2025

San Diego Coastal Real Estate Update: March & April Recap

It’s been a little while since we’ve checked in on the numbers, so let’s take a quick look at what San Diego coastal real estate did in March and April. Whether you’re a buyer, seller, or just keeping an eye on the market, here’s what you need to know.

Detached Homes: Prices Bounce Back

In March, detached home prices dipped, only to rebound in April. We’re continuing to see prices bounce between roughly $1 million and $1.8 million, with the median price for a detached home settling at around $1.7 million in April.

Condos: A Similar Story

Condos followed a similar pattern over this period, ultimately landing right where they were back in February—at a median price of $817,000.

Inventory: Seasonal Growth

Inventory has been on the rise throughout March and April, as expected for this time of year. We’re adding about 100 units per month, with the San Diego coastal area reaching approximately 1,800 units by the end of April.

Time on Market: Slight Increase

Homes are still moving fairly quickly, but we’ve noticed a slight increase in time on the market. Detached homes are averaging about one month, while condos are taking around five weeks to sell.

Seller Confidence: Asking Price Stability

One positive trend for sellers: asking prices have remained fairly stable, with most properties still selling for about 98-99% of the list price. This means sellers are largely getting what they’re asking for.

Mortgage Rates: High Sixes Holding Steady

Mortgage rates continue to hover in the high sixes, and we’re not expecting much relief in the near future. Factors like tariff policies and economic uncertainty are keeping construction costs up and both buyers and sellers a bit cautious. Given the current environment, it’s unlikely that the Fed will lower rates anytime soon.
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Why Your Neighborhood Matters

Keep in mind that real estate is local, and every neighborhood can behave differently. Whether you’re buying, selling, or just curious, it’s important to look at the data specific to your area.

If you’d like to chat about your real estate goals in San Diego, I’m here to help. Let’s discuss how to make the market work for you!