Greater San Diego REALTORS® March 2026 Market Report: Benchmark Price Rises to $712,500 Amid Strong Sales Growth

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced an increase in its Composite Benchmark Price to $712,500 in March 2026, according to the Greater San Diego Association of REALTORS®. Total sales for the month reached 31, representing a substantial 46.7% increase compared to March 2025, signaling a period of heightened buyer engagement.

Market Analysis

The Composite Benchmark Price for March 2026 saw an upward trend, climbing from $685,000 in February 2026 to $712,500. Despite this monthly gain, the benchmark price remains below the $770,000 recorded in March 2025. Total sales activity also strengthened, with 31 transactions in March 2026, an increase from 29 sales in the prior month and 25 sales in the same period last year.

Market conditions in March 2026 favor sellers, characterized by a low Months of Inventory (MOI) at 1.3, consistent with February 2026 but significantly lower than the 2.5 MOI observed in March 2025. New listings totaled 37, while active listings stood at 53, a decrease from 75 active listings in March 2025. The Sales-to-New-Listings Ratio (SNLR) of 83.8% further underscores strong demand relative to new supply, contributing to the competitive environment.

Property Type Analysis

In March 2026, detached homes accounted for the majority of sales, with 22 transactions. Attached homes and townhouses recorded 9 sales during the month. Specific benchmark prices for these property types are not available for the overall market.

Regional Highlights

In the 92019 El Cajon area, the detached housing market demonstrated robust performance in March 2026. Detached homes recorded 22 closed sales with a median price of $1,075,000, reflecting a 28% year-over-year increase in median price and a 46.7% increase in closed sales. These properties sold for an average of 102.2% of their list price, with a median of 32 days on market. The attached market in El Cajon saw 9 closed sales at a median price of $545,000, with a 4.8% year-over-year increase in median price and a 28.6% increase in closed sales.

For Buyers

Given the prevailing sellers' market and low inventory levels, prospective buyers in March 2026 should be prepared for competitive conditions. Securing pre-approval for financing and acting decisively when a suitable property becomes available are crucial steps. Buyers may also consider exploring all available property types to broaden their options.

For Sellers

With Months of Inventory at 1.3 and a strong Sales-to-New-Listings Ratio of 83.8%, March 2026 presents a favorable environment for sellers. To maximize outcomes, sellers should focus on professional presentation, strategic pricing, and leveraging the current strong demand to attract multiple offers.