A tucked-away hillside neighborhood by Lake Murray and Mission Trails — single-story homes, canyon views, and a quiet, tightly-held feel minutes from the city.
Del Cerro is a small, well-established, largely single-family market that trades quietly and holds its value.
The trailing-3-month median sits around $1.04M, with about 3.0 months of supply, homes selling near 99.7% of original price, and a median of roughly 13 days on market.
Homes here don't come up often and move fast when they do — be ready. Value is strong for a close-in hillside location with canyon and lake views.
Tight supply and full-price sales keep Del Cerro sellers in control; well-kept single-story homes are especially sought after.
Supply is running around 3.0 months. As long as listings stay scarce, prices hold firm; a meaningful rise in inventory would be the first sign of easing.
Rates sit higher than they were a couple of years ago — the main headwind on demand. A meaningful drop would likely bring buyers off the sidelines quickly.
With supply around three months and homes selling essentially at asking, it stays a steady seller's market — watch for any uptick in listings as the signal.
This is a focused market, so a single month's median can spike or dip. Weigh the multi-year trajectory — the bold trend line above — over any one data point.