May 2022 Housing Market – Downtown San Diego Condo Market
The average sales price in Downtown San Diego shot up again! For the first time ever in Downtown San Diego, the average price broke $1,000,000 and is sitting at $1,030,838. That is an increase of +32.1% in one year, and a 7.3% increase in just one month! Average price per square foot also hit an all time high of $836/sf. That is a +28.8% jump in just one year.
Inventory in Downtown San Diego also remains historically low, with under a 1 month’s supply of inventory. That means there are more homes selling per month than there are currently on the market. The average list to sales price also remains higher than 100%. On average, homes in Downtown San Diego are selling for +3.6% over the sellers asking price. We are typically seeing multiple offers on property and they are often sold within the first week of listing.
Each year, I compile the numbers for each individual building and I compare the stats. Click here to see the list of Downtown San Diego building stats for 2021.
Average Vs. Median Price Per Square Foot
- Average Price Per Square Foot ($)
- Median Price Per Square Foot ($)
Average Vs. Median Sales Price in 92101
- Average Sales Price
- Median Sales Price
Average Vs. Median Active Market Time
- Average Active Market Time
- Median Active Market Time
Average List to Sales Price (%)
- Average List to Sales (%)
Months Supply of Inventory Actual
# Active Listings / # Sales That Month
Number of Sales
Sales Volume ($) in the Millions
*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on May 10th, 2022.