San Diego Real Estate Market Report
Executive Summary
The San Diego, CA real estate market is currently classified as a balanced market. The median asking price is $765K, down 38.5% over the past 30 days.
There are currently 2,635 active listings, representing 4.1 months of inventory. 1,512 properties have sold in the past 90 days at a median sold price of $925K. Inventory has increased 90.9% compared to last month.
Currently, listings spend an average of 32 days on market and the average price per square foot is $568.
Detached properties make up the largest share of the San Diego market at 36% of active listings with an average price of $1.5M. Condo listings follow at 52% (avg $623K).
Sales Activity & Absorption
Volume
Market Signals
638 properties sold in the past 30 days, 1255 new listings appeared in the past month, 773 sellers reduced their asking price.
Market Balance
Months of Inventory
At 4.1 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| DOWNTOWN | 429 | $730K |
| RANCHO BERNARDO | 198 | $1.1M |
| HILLCREST | 124 | $1.8M |
| MISSION VALLEY | 113 | $712K |
| PACIFIC BEACH | 112 | $2.2M |
| NORTH PARK | 102 | $1.6M |
| CLAIREMONT | 100 | $895K |
| COLLEGE AREA | 84 | $971K |
| POINT LOMA | 83 | $1.6M |
| UNIVERSITY CITY | 78 | $787K |
| CARMEL VALLEY | 77 | $1.5M |
| OTAY MESA | 73 | $693K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The San Diego market currently has 2,635 active listings with a median price of $765K and 4.1 months of inventory.
- Prices declining (-38.5% in 30 days)
- High price reduction rate (29% of listings)
- High sell-through rate (98%)
- Average price per square foot is $568
- Sold properties averaged 6 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of March 31, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.