📉 September 2025 Home Prices in San Diego County
- Detached Homes: Median sales price was $1,020,500, down approximately 2.8% year-over-year.
- Attached Homes (Condos/Townhomes): Median price rose to $671,500, up 3.2% year-over-year.
- 12-Month Rolling Average: Detached prices rose ~1.6% while attached prices dipped ~0.3%.
These mixed movements suggest some softening in the high-end single-family market, but continued strength in multiunit/condo segments.
📊 Inventory, Sales Activity, and Market Speed
- Days on Market: Increased ~20.6% for detached homes and ~19.4% for attached homes compared to last year.
- Inventory Levels: Detached inventory rose ~13%, while attached homes surged ~45.8%.
- Closed Sales: Detached homes up ~5.1%, attached up ~8.1% year-over-year.
- Pending Sales: Detached pending sales rose ~7.4%, attached up ~3.4%.
- Months Supply of Inventory: Detached homes now average about 2.6 months of supply.
The market is adjusting—inventory is up, homes are taking longer to sell, but buyer demand is still strong based on closed and pending sales.
🏠 Mortgage Rate Update (September 2025)
- 30-Year Fixed Rate: Averaged 6.30% in late September, according to Freddie Mac.
- Rates remain higher than 2024 levels, which hovered in the high 5% to low 6% range.
- Affordability remains a challenge as buyers face both high home prices and elevated interest rates.
💡 What This Means for Sellers
- Detached homes are experiencing softer pricing and longer selling times—strategic pricing is essential.
- Condos and townhomes are still performing relatively well in comparison.
- Sellers should be prepared for longer time on market and more negotiation, especially in the single-family segment.
Clean presentation, competitive pricing, and strong marketing remain key in today’s evolving market.
🔮 Market Trends & What to Watch
- Mortgage Rates: Further movement could shift demand patterns quickly.
- Inventory Growth: More homes entering the market may continue to put downward pressure on prices.
- Affordability Stress: This continues to limit how much buyers can offer.
- Segment Splits: Expect diverging trends between detached and attached homes.
- Seasonal Slowdown: Q4 is typically quieter—will this year follow the pattern?
Source data from the San Diego Association of REALTORS® and Freddie Mac.
