Market Report

North County San Diego Real Estate Market Report – September 2024

Fall is already here, and the real estate market continues to hold steady. Last month, August sales prices set a new all-time record for Oceanside detached homes.

The number of days on market in North County is still low. Most homes sell within two weeks of listing in the MLS.

But what about interest rates? The good news is that the Federal Reserve dropped the federal funds rate by .5% last week. However, that doesn’t mean mortgage interest rates responded right away. Rates for 30-year fixed loans still hover between 6 and 7%.

Of course, we’re all hoping for a decrease in rates. Homeowners who want to sell, will have more buyers who qualify for the payment. Home buyers will enjoy more buying power. And, finally, people who recently bought a home can refinance to lower their monthly payment.


Carlsbad – $1,800,000

All-time high: $1,930,000 – April 2022

Encinitas/Cardiff-by-the-Sea – $1,985,000

All-time high: $3,100,000 – September 2023

San Marcos – $1,055,000

All-time high: $1,275,000 – June 2024

Vista – $925,000

All-time high: $985,000 – March 2024

Oceanside – NEW RECORD – $1,017,000

Last record: $1,002,500 – May 2024

Escondido – $845,000

Last all-time high: $1,040,000 – June 2024


Interest Rates

Rates haven’t dropped significantly, but they also haven’t increased since last month. The continue to hover around 6.5%. More than ever, your credit score makes a huge difference. If you’re considering buying or refinancing, start with a credit check, to make sure you can secure the best rate possible.


If you own a home, it’s probably worth more than you think. Contact me for a free personalized home valuation, or if you have any other real estate questions. I would love to hear from you!