Skip to main content

LATEST UPDATES: Tracking COVID-19 (coronavirus)

New Record: San Diego Median Home Price Now $570,000

Real estate signs advertise the sale of three houses in a row in Encinitas in...

Photo by Associated Press

Above: Real estate signs advertise the sale of three houses in a row in Encinitas in San Diego County, July 13, 2006.

The median price of a home in San Diego County rose by 8.6 percent in April compared with the same month a year earlier, as median home prices across Southern California edged up to a record level, a real estate information service announced Tuesday.

According to CoreLogic, the median price of a San Diego County home was $570,000 last month, up from $525,000 in April 2017. A total of 3,717 homes were sold in the county, up 2.1 percent from 3,640 during the same month the previous year.

RELATED: San Diego City Council To Vote On Middle-Income Housing 'Bonus'

A total of 20,118 new and resale houses and condos changed hands in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, according to CoreLogic. That was down 3.7 percent from 20,899 in March, and down 1.5 percent from 20,428 in April 2017.

The median price of a Southern California home was a record $520,000 in April, up 0.2 percent from $519,000 in March and up 7.2 percent from $485,000 in April 2017.

RELATED: Report: San Diego Housing Pinch Linked To Redevelopment Loss

"The roughly 7 percent gain in Southern California's media sale price over the past year understates the hit that homebuyers have taken, given the nearly 50 basis point rise in mortgage rates over that period," said Andrew LePage, research analyst with CoreLogic. "In April, the principal-and-interest payment on the median-priced home was up nearly 13 percent year over year."


San Diego News Matters podcast branding

KPBS' daily news podcast covering local politics, education, health, environment, the border and more. New episodes are ready weekday mornings so you can listen on your morning commute.

  • Don’t have time to keep up on the latest news? We’ve got you covered with a mid-week check-in every Wednesday afternoon.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Curious San Diego banner

Want more KPBS news?
Find us on Twitter and Facebook, or sign up for our newsletters.

To view PDF documents, Download Acrobat Reader.