Spring 2024 Housing and Mortgage Market Update

 

Locally, San Diego home prices continue to rise. As of March 2024, the median price of detached homes is up 18% year over year to a median price of $1,180,351. The median price of attached homes is up 7.9% year over year to a median price of $749,995. Combining both property types, the median price of all homes in San Diego County is up 9% year over year to a median price of $981,000.

Mortgage rates remain in the high 6% to mid 7% range depending upon your specific factors such as property type, loan to value percentage, occupancy and credit score.

March 2024 SM Figures

 

 

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