Home Appreciation - Neighborhood vs. City
Mission Valley's housing market shows mixed signals with strong annual appreciation but recent cooling trends, as median prices rose 30.5% year-over-year to $685,000 in February 2025 despite a 15% increase in days on market compared to the previous year. The neighborhood has shifted toward a more balanced dynamic, with average homes now selling slightly below list price after 36 days, though high-demand properties still command premiums of 2% above asking. This divergence reflects moderating competition in the broader market while underscoring sustained demand for well-priced homes in central locations.