San Diego Housing Market Update: Fall 2025
Published October 20, 2025. The figures in this post were current then. See today's numbers on the community pages.
Fall 2025: Momentum Building
The San Diego housing market is gaining momentum heading into fall 2025. After a tentative spring, buyer activity has increased significantly, driven by improving affordability and growing economic confidence.
Key Numbers
- Median Home Price: $915,000 (San Diego County)
- Active Listings: Up 10% from spring 2025
- Days on Market: 25 days
- Mortgage Rates: 6.0-6.3% for a 30-year fixed
The Rate Effect
Mortgage rates dipping below 6.5% in late summer unlocked a wave of buyers who had been sitting on the sidelines. The psychological barrier of sub-6.5% rates is significant, monthly payments on a median-priced home dropped by roughly $200/month compared to early 2025.
Seasonal Patterns
Fall in San Diego is traditionally quieter than spring, but 2025 is bucking the trend. Several factors are keeping activity elevated:
- Pent-up demand from buyers who waited through 2023-2024
- Corporate relocations continuing to bring professionals to SD biotech and tech corridors
- Military transfers (Camp Pendleton, Naval Base San Diego) driving steady demand
Neighborhood Highlights
Carlsbad remains the strongest market in North County. Median prices are up 5% year-over-year, and well-priced homes are receiving multiple offers within a week.
Mission Valley is seeing a condo renaissance. New construction and updated older units are attracting young professionals and investors. Prices are still accessible ($500-700K for 2BR).
Rancho Bernardo/Poway continue to be family favorites. The Poway Unified School District is a major draw, and prices ($950K-1.2M) are relatively stable.
Looking Ahead to 2026
If rates continue to ease into the low 6% range, expect a busy spring 2026. Inventory will be the key factor, if enough sellers list to meet growing demand, the market stays balanced. If inventory tightens, we could see a return to competitive bidding in the most desirable neighborhoods.
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