By: Ryan Ponce On: May 10, 2022 In: Downtown San Diego, Market Update Comments: 0

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.

Find Out Your Condo's Value

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

New Listings

Active Listings

Pending Listings

Sales Volume ($) in the Millions

*All information is deemed reliable, but not guaranteed. Information obtained through the San Diego MLS on May 10th, 2022.

Sign Up For A Free Home Valuation!

And Always Remember, It Matters Who You Work With!

Give me a call today at (619) 228-6790 or email me at Ryan@livingthesandiegolife.com for more information or to schedule a tour of the neighborhood!