San Diego Real Estate Market Report
Executive Summary
The San Diego, CA real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $903K, down 2.4% year-over-year.
There are currently 2,621 active listings, representing 62.4 months of inventory. According to San Diego Market Report (SDMLS computed), there were 536 sales and 1,323 new listings in Invalid Date. Inventory has increased 78.3% compared to last month.
Currently, listings spend an average of 43 days on market and the average price per square foot is $698.
Board Data vs Our Listings
| Metric | San Diego Market Report (SDMLS computed) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $903K | $839K |
| Average Price | $903K | $1.2M |
| Active Listings | 2,621 | 2,621 |
| Detached Benchmark | $1.2M | $1.8M |
| Townhouse Benchmark | $825K | $928K |
| Apartment Benchmark | $604K | $755K |
Detached properties make up the largest share of the San Diego market at 38% of active listings with an average price of $1.8M. Condo listings follow at 50% (avg $755K).
Sales Activity & Absorption
Volume
Market Signals
San Diego Market Report (SDMLS computed) reported 536 sales this period, 1151 new listings appeared in the past month, 179 sellers reduced their asking price.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
With 62.4 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| DOWNTOWN | 376 | $918K |
| RANCHO BERNARDO | 213 | $1.2M |
| MISSION VALLEY | 122 | $757K |
| HILLCREST | 107 | $1.6M |
| CLAIREMONT | 102 | $988K |
| PACIFIC BEACH | 93 | $2.0M |
| UNIVERSITY CITY | 87 | $998K |
| OTAY MESA | 86 | $664K |
| MIRA MESA | 80 | $865K |
| NORTH PARK | 79 | $865K |
| CARMEL VALLEY | 79 | $2.1M |
| COLLEGE AREA | 77 | $778K |
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
This is currently a buyer's market with more negotiating power for purchasers. The San Diego market currently has 2,621 active listings with a median price of $839K and 62.4 months of inventory.
According to San Diego Market Report (SDMLS computed), the composite benchmark price is $903K (-2.4% year-over-year). There were 536 sales recorded
- High inventory (62.4 months) favors buyers
- Prices declining (-30.9% in 30 days)
- High sell-through rate (82%)
- Average price per square foot is $698
- Sold properties averaged 27 days on market
Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily, with board statistics from San Diego Market Report (SDMLS computed). Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS listings as of May 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.