Welcome to our Market Conditions blog where we share insights from our real estate market analyses across San Diego County and surrounding areas. Each report examines median home prices, inventory levels, days on market, and price trends based on MLS data. Check back regularly for the latest updates.
Months of inventory measured 19.8. Median price per square foot is $355.93. Median sale price is $410,000. The 12-month linear price trend is -0.79%. Days on market stand at 77. The SP/LP ratio stands at 97.8%.
The La Jolla 92037 market is a balanced market as of the August 6, 2025 effective date. The median sale price for the most recent quarter is $3,567,000, down from $3,738,500 in the prior quarter (-4.6%), while the median price per square foot rose to $1,380.54 from $1,339.20, a +3.1% quarterly move. Inventory stands at 4.8 months, consistent with a balanced market and an anticipated marketing time of 60-90 days. Median days on market lengthened to 52 from 29, indicating properties are taking longer to sell and some buyer caution, even as the sale-to-list ratio held firm at 99.0%. Quarterly sales volume reached 73 closings, and the size-normalized $/SF metric remains the more reliable read on underlying market direction.
The Rancho Mirage 92270 single-family market is a stable, balanced market as of the August 6, 2025 effective date. Across the trailing 24-month period the overall median sale price for single-family residential properties was $1,140,000, with a median sale price per square foot of $444.67. On a quarterly basis both metrics remained relatively stable, fluctuating within a moderate range after firming in early 2025 and softening modestly through late 2025. As of the effective date, median sale price and $/SF were closely aligned with the period-wide medians, supporting a conclusion of no material directional pressure. Listing-side metrics such as days on market, list-to-sale ratio, and months of inventory were not available from the underlying data source for this market and are not reflected here. Overall conditions indicate a balanced market requiring no significant market-conditions time adjustment.
Months of inventory measured 4.2. Median price per square foot is $442.49. Median sale price is $952,375. The 12-month linear price trend is +5.00%. Days on market stand at 50. The SP/LP ratio stands at 100.0%.
The Encinitas 92024 market is a balanced market that is broadly stable as of the June 24, 2025 effective date. The median sale price for the most recent quarter is $2,325,000, up from $2,000,000 in the prior quarter, while the median price per square foot held essentially flat at $946.86, a -0.7% quarterly move. Inventory is balanced at 4.4 months, supporting an anticipated marketing time of 60–90 days. Median days on market lengthened to 35 from 18, a sign of modest buyer caution, even as the sale-to-list ratio held stable at 98.5%. Quarterly sales volume rose +17.9% (79 closings versus 67), and with a slightly negative 12-month linear $/SF trend (-1.9%) against a firmer +1.1% six-month trend, the size-normalized $/SF metric points to values that have recently firmed from a softer earlier period.