Is now a good time to buy a home in San Diego?
It depends on your personal goals, financial readiness, and how long you plan to stay. For many buyers, San Diego’s current conditions, including rising inventory and stabilizing prices, make this a smart time to enter the market, especially with guidance from Schwarz Real Estate Group.
What’s Happening in the San Diego Housing Market Right Now?
As of mid-2025, the median home price in San Diego County is around $925,000. While still high, prices have stabilized after the rapid run-up of previous years. According to the Greater San Diego Association of REALTORS®, more homes are hitting the market, giving buyers slightly more options.
At the same time, interest rates remain elevated compared to historic lows, but have dropped from their peak in late 2023. That’s creating opportunities for buyers who can afford today’s rates but want to refinance later.
Key Trends:
- Inventory is slowly increasing in areas like Carmel Valley, North Park, and Chula Vista
- Days on market are rising slightly, giving buyers more time to make decisions
- Sellers are offering more concessions, including closing cost credits and price adjustments
Why You Might Want to Buy Now
1. Less Competition Than Previous Years
With fewer bidding wars, you may have more room to negotiate and avoid overpaying.
2. More Homes to Choose From
Increased inventory means more selection in desirable neighborhoods like 92127, Torrey Highlands, and Rancho Peñasquitos.
3. Potential for Price Growth
San Diego real estate has historically appreciated over time. Buying during a period of slower growth could position you for strong equity gains in the years ahead.
4. Refinance Opportunities Later
If mortgage rates drop, you can refinance to a lower rate. Buying now locks in your home while giving you flexibility down the road.
When Waiting Might Make More Sense
1. Your Finances Need Work
If you’re not quite ready financially, due to credit, savings, or job stability, it may be better to wait and prepare.
2. You Plan to Move Again Soon
Buying only makes sense if you’ll stay in the home for at least 3–5 years. Otherwise, selling costs may outweigh equity gains.
3. You’re Hoping for a Big Price Drop
While market corrections are possible, San Diego is a high-demand market with a strong long-term outlook. A major price crash is unlikely.
What San Diego Buyers Are Doing Right Now
At Schwarz Real Estate Group, we’re seeing three types of buyers in the market today:
- Opportunistic Buyers: Looking for motivated sellers and aiming to negotiate favorable terms
- Upgraders: Moving into bigger homes while leveraging existing equity
- First-Time Buyers: Taking advantage of down payment assistance and learning how to navigate the new market conditions
These buyers are moving forward because they’re financially prepared and understand the long-term benefits of buying in San Diego.
Local Areas Seeing Buyer Activity
Some of the most active neighborhoods for buyers in 2025 include:
- Serra Mesa: Centrally located, less competition, good value
- Chula Vista Eastlake & Otay Ranch: Great for VA buyers and growing families
- Scripps Ranch & 92127: Top-rated schools and long-term value
- Oceanside: More affordable with room to grow
Schwarz Real Estate Group helps clients compare these areas based on budget, lifestyle, and long-term goals.
Final Thoughts
There’s no perfect time to buy a home, but there is a right time for you.
If you’re financially ready and plan to stay in your home for several years, buying in San Diego now could be a smart move. With more inventory, less competition, and expert help from Schwarz Real Estate Group, this market may offer you the leverage you’ve been waiting for.
Thinking about buying a home in San Diego? Contact Schwarz Real Estate Group today to talk about your timing, goals, and what’s happening in your favorite neighborhoods.