San Diego County Real Estate Market Update - February 2025

February 2025 brought a steady rhythm of activity to the San Diego County real estate market, with notable shifts and trends shaping the landscape. San Diego continues to enjoy its reputation as a desirable hub, offering a mix of coastal, suburban, and urban living options. Below, we break down this month’s market metrics and explore what these numbers mean for buyers, sellers, and investors.

New and Active Listings

San Diego County saw 2,805 new listings in February, refreshing the market with a diverse range of properties. This addition bolsters choices for buyers and offers opportunities for sellers to attract attention. The total active listings reached 4,620, providing a robust selection of homes. This level of activity signals a balanced inventory, where buyers have room to explore options without it becoming overwhelming or overly competitive.

For sellers, the new inventory suggests that pricing and presentation remain critical to stand out in a market offering plenty of alternatives for buyers.

Pending and Closed Sales

The market showed strong buyer engagement, with 1,914 pending sales in February. This metric indicates continued optimism among buyers, despite slightly cooler market conditions compared to peak months. Additionally, 1,638 closed sales were finalized during the month, demonstrating the market’s ongoing ability to turn interest into finalized transactions.

While it’s a marginal decline from historic highs, these figures show a stable foundation of demand that benefits both buyers and sellers.

Closed Transaction Volume

The total closed transaction volume for February reached $3,828,093,680. This significant figure emphasizes the continued economic vitality of San Diego’s real estate market. The high transaction volume underscores the area’s value as an investment hub and highlights the robust activity in higher-priced properties that contribute to this total.

Average Days on Market

Homes in San Diego spent an average of 32 days on the market this February. This moderate pace suggests a market in balance. Buyers are taking enough time to weigh decisions carefully, while sellers can still expect a property to sell within a reasonable timeframe. For buyers, this means there’s often a window to evaluate and select the right property, but they shouldn’t wait too long given the consistent buyer interest.

Median Sales Price

The median sales price edged to $890,000, a slight upward trend signaling stable property values in the region. While prices remain premium compared to national averages, San Diego offers long-term value due to its lifestyle and location. Buyers entering the market need to align expectations with this price point, while sellers can feel confident about maintaining competitive pricing in a solidly active market.

Market Insights

San Diego County’s market in February 2025 is a picture of equilibrium, marked by steady activity on both the selling and buying sides. For buyers, an inventory of over 4,600 homes paired with a steady median price creates an optimal environment to search for their dream home. However, given the average of just 32 days on the market, acting decisively is crucial.

For sellers, the consistent demand indicates strong opportunities for well-prepared properties to sell quickly and at competitive prices. Enhancing curb appeal, pricing appropriately, and marketing strategically remain vital to standing out as new listings enter the market.

Investors and market-watchers alike should take note of the significant transaction volume and consistent demand, which highlight San Diego as a resilient and coveted real estate market.

Whether you’re buying, selling, or investing, staying informed and partnering with local real estate professionals are your best strategies for navigating San Diego County’s dynamic market in 2025.