San Diego Single-Family Median Price now $1 million

For the first time, the median price of a single-family home in San Diego County reached $1 million in April, according to resale housing statistics compiled through the San Diego Multiple Listing Service by the Greater San Diego Association of Realtors.

That price represents a 2.5% uptick from March and a nearly 20% increase from the same time last year for detached single-family homes. For attached properties such as condos and townhomes, the median price also rose to $660,500, about 25% higher than April 2021.

SDAR President Chris Anderson said the home value increases “highlight the importance of homeownership for families seeking to build equity and achieve financial stability.”

“Owning a home continues to be one of the best ways to build generational wealth and especially to create better opportunities for underserved communities,” Anderson said. “To give more families the opportunity to own a home here in San Diego, we need to offer greater assistance to homebuyers and confront our housing supply crisis, including more development on county lands.”

Anderson said that most of last month’s home sales came from North and East County, demonstrating that residents are searching for “supply and affordability.”

“It is vital that we make better use of our county land in order to develop the housing necessary to keep families from moving further and further out,” he said.

Of the total single-family homes sold in April, 70 were sold in Fallbrook, 56 were in Oceanside North and 53 were in Santee. 44 were in Escondido North.