Nearly half of San Diego County homes are million-dollar listings
Add Axios as your preferred source to
see more of our stories on Google.
If it feels like typical San Diego County houses cost a million dollars nowadays, that's because nearly half of them do, according to Redfin.
Why it matters: The growing share of local homes with seven-figure price tags is making ownership in San Diego harder to achieve, especially as mortgage rates continue to rise.
By the numbers: Last year 42.4% of homes listed for sale in the county had asking prices over $1 million, Redfin found.
- That's up from 37.6% of listings in 2023, and 19.7% in 2020.
Zoom out: San Diego has one of the highest shares among other major U.S. metros, and it's nearly five times higher than the national figure (9.3%).
- Other West Coast cities with high shares include San Francisco (71.7%) and Seattle (34.4%)
- Denver (13.2%), Chicago (5.8%) and Austin, Texas (11.5%) all have smaller shares.
- On the East Coast, Boston (27.1%), Washington, D.C. (13.8%), Atlanta (5.9%) and Tampa, Florida (6.8%) also have smaller, but rising shares.
The intrigue: The number of cities with a typical home value of $1 million or more jumped to 550 in 2024, up from 491 in 2023, according to Zillow.