Prices are steady to slightly higher across the county. Inventory is up modestly, and homes are taking longer to sell.
The San Diego market report for October 2025 indicates that countywide, price trends are broadly stable, with a slight upward tilt, while inventory levels have improved year over year. The days on market lengthened compared to last year, and sale-to-list ratios eased, signaling a more balanced pace as buyers and sellers regroup.
County Overview (Rolling 12 Months through Oct 2025)
- Closed Sales: 22,857 (+1.3% YoY) overall
- Pending Sales: +0.6% YoY overall
- Median Sales Price: $900,000 (+1.1%) overall; $1,050,000 (+1.0%) single-family; $670,000 (-0.7%) condos
- Active Inventory (month-end): 5,321 all properties (+3.0% YoY); 3,083 SF (-1.5%), 2,238 condos (+10.0%)
- Months’ Supply of Inventory (MSI): 2.8 all properties (+3.7% YoY); 2.5 SF (-3.8%), 3.3 condos (+10.0%)
- Days on Market (Average): 38 all properties (+26.7% YoY); 37 SF (+23.3%), 40 condos (+29.0%)
- % of Original List Price Received (Average): 97.7% all properties (-1.4% YoY); 97.8% SF (-1.4%), 97.6% condos (-1.4%)
County conditions are balanced and leaning: inventory is slightly higher than last year at the same time, buyers have more time, and over-ask outcomes are less common than last year.
92102 — Golden Hill / South Park
Detached (Oct 2025 vs Oct 2024)
- New Listings: 10 (0.0%)
- Pending: 2 (-66.7%)
- Closed: 10 (+150.0%)
- Median Price: $800,000 (+26.8%)
- % of OLP: 95.5% (-1.3%)
- DOM: 73 (+135.5%)
- Active Inventory: 16 (-42.9%)
- MSI: 2.0 (-35.5%)
Prices jumped on low volume; inventory and MSI (months supply of listings) fell, but much longer DOM and softer list-to-sale ratios suggest selectivity—buyers are choosy and pricing strategy matters.
Attached (Condos/Townhomes)
- New Listings: 5 (-16.7%)
- Pending: 5 (+66.7%)
- Closed: 2 (-33.3%)
- Median Price: $430,607 (-29.4%)
- % of OLP: 93.6% (-4.8%)
- DOM: 118 (+12.4%)
- Active Inventory: 12 (+20.0%)
- MSI: 3.1 (+6.9%)
Condo pricing stepped down with slower absorption and longer marketing times—buyer-tilted dynamics here.
92104 — North Park
Detached (Oct 2025 vs Oct 2024)
- New Listings: 28 (0.0%)
- Pending: 17 (+54.5%)
- Closed: 13 (-18.8%)
- Median Price: $1,145,000 (-7.5%)
- % of OLP: 97.8% (-3.7%)
- DOM: 18 (-43.8%)
- Active Inventory: 31 (-18.4%)
- MSI: 2.9 (-17.1%)
A lower median price, combined with faster selling times and reduced inventory, points to a resilient detached segment; pricing must be precise to capture demand.
Attached (Condos/Townhomes)
- New Listings: 9 (-60.9%)
- Pending: 9 (-59.1%)
- Closed: 15 (+7.1%)
- Median Price: $579,000 (+11.3%)
- % of OLP: 97.8% (+1.5%)
- DOM: 29 (-27.5%)
- Active Inventory: 24 (-11.1%)
- MSI: 2.3 (flat)
Fewer new listings tightened the supply; despite lower pendings, improved pricing metrics, and quicker sales, this indicates steady, price-sensitive condo demand.
92116 — Kensington / Normal Heights
Detached (Oct 2025 vs Oct 2024)
- New Listings: 18 (0.0%)
- Pending: 12 (-40.0%)
- Closed: 13 (-23.5%)
- Median Price: $1,230,000 (-24.3%)
- % of OLP: 97.1% (-1.3%)
- DOM: 27 (flat)
- Active Inventory: 29 (+52.6%)
- MSI: 2.6 (+73.3%)
More inventory and slower escrows indicate a potential rebalancing—buyers have leverage; however, standout properties still sell rather quickly, especially those that are turn-key on large lots and not near apartment buildings.
Attached (Condos/Townhomes)
- New Listings: 4 (-75.0%)
- Pending: 7 (-12.5%)
- Closed: 7 (flat)
- Median Price: $482,000 (-12.4%)
- % of OLP: 92.5% (-2.3%)
- DOM: 68 (+100.0%)
- Active Inventory: 15 (-28.6%)
- MSI: 1.8 (-47.1%)
The supply of condos and townhouses shrank, but buyers are negotiating; longer DOM and lower prices reflect value-driven shopping.
Market Outlook & Comparative Insights
- Versus County: North Park detached shows tighter conditions (lower MSI, shorter DOM) than county averages, while Kensington detached looks looser with more supply and softer prices. Golden Hill/South Park detached is mixed: higher prices but much longer DOM.
- DOM & %OLP (original list price): County DOM rose; several sub-markets mirror this, but North Park detached bucked the trend with faster DOM. %OLP eased almost everywhere—expect fewer over-ask closings.
- Inventory & MSI(month supply of listings): County inventory is modestly higher; Kensington detached shows one of the larger local inventory increases (MSI up), tilting toward buyer bargaining room. North Park condos held MSI flat amid fewer new listings.
Conclusion
Overall, the San Diego Metro neighborhoods are neutral to slightly seller-leaning in detached homes and closer to a balanced market for condos. Pricing is holding up best in the single-family segment, with fewer over-ask sales than last year. Inventory is improving modestly, giving buyers more to choose from, but well-priced listings still move quickly in micromarkets like North Park. Sellers should price to the current comp set and expect longer negotiations; buyers should be ready for targeted opportunities, especially in the condo and townhome segments.
For a detailed home-value update or to talk strategy, schedule a call with the McT Real Estate Group — North Park’s top-rated real estate experts (520+ local sales, 5.0⭐ on Zillow, 4.9⭐ on Yelp).
Feel free to reach out to the McT Real Estate Group; we’re your go-to source for cutting through the noise with trustworthy info.