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 4.9. Median price per square foot is $663.38. Median sale price is $1,375,000. The 12-month linear price trend is -3.93%. Days on market stand at 37. The SP/LP ratio stands at 100.0%.
Months of inventory measured 1.9. Median price per square foot is $643.38. Median sale price is $1,100,000. The 12-month linear price trend is +0.15%. Days on market stand at 17. The SP/LP ratio stands at 99.0%.
The Palm Desert market (ZIP codes 92211 and 92260, all property types) is best characterized as broadly stable with modest, mix-weighted appreciation as of the retrospective April 28, 2025 effective date. The median sale price for the quarter ending on the effective date is $593,000, down from $617,500 in the prior quarter (-4.0%), while the median price per square foot firmed to $339.64, a +0.9% quarterly gain — a divergence that reflects sale-mix rotation rather than an underlying value change. Supply was tight at an estimated 1.5 months (a floor estimate drawn from the closed-sale dataset), supporting a seller-leaning balance and an anticipated marketing time of 30–60 days. Median marketing time for sold properties was approximately 52 days, and the sale-to-list ratio held steady at 97.7% versus 97.9% the prior quarter. Quarterly sales volume rose +48.0% (521 closings versus 352), consistent with the normal winter-to-spring seasonal pattern in this desert resort market. With a 12-month linear trend of +4.3% per year for median sale price and an essentially flat -0.6% per year for median $/SF, the size-normalized metric indicates a broadly stable market with modest headline appreciation concentrated in late 2024.
The San Diego 92129 (Rancho Peñasquitos) market was a seller's market as of the March 29, 2025 effective date. The median sale price for the most recent quarter was $1,529,500, up from $1,430,000 in the prior quarter, while the median price per square foot rose to $741.56, a +3.5% quarterly gain. Inventory was tight at 2.5 months, supporting an anticipated marketing time of 30–60 days. Median days on market held steady at 17, and the sale-to-list ratio strengthened to 100.0%. Quarterly sales volume fell -34.5% (38 closings versus 58), though year-over-year activity was expanding.
Months of inventory measured 2.3. Median price per square foot is $585.00. Median sale price is $890,000. The 12-month linear price trend is -1.06%. Days on market stand at 19. The SP/LP ratio stands at 100.0%.