San Diego Housing Market

Buyers stayed active, pushing sales higher and helping drive single-family home prices to a record high above $1.1 million.

San Diego buyers were busier in July than they were a year earlier. Home sales rose more than 7% compared with last July, marking one of the largest year-over-year increases among major housing markets nationwide.

That growth came despite several hurdles. The local economy has slowed, and both home prices and mortgage rates remain high. Even so, many buyers continued searching for homes before the new school year began.

Rancho Bernardo and Carmel Valley ranked as the most popular areas for home sales in July. Rancho Bernardo also received a boost this summer when Apple renewed its lease for an entire building in the community, reaffirming its commitment to the area with high-paying jobs for local residents.

The latest numbers suggest that many residents are still determined to become homeowners, even as affordability remains a challenge.

Homebuyers had fewer options in July than they did one year earlier. Total inventory in San Diego fell 2.3%, joining several other California markets, including the Inland Empire, San Francisco, Los Angeles, and Sacramento, where available listings also declined.

The shortage was most noticeable among single-family homes. Inventory in that segment dropped by more than 10% over the past year, leaving nearly 500 fewer homes on the market.

At the same time, buyers looking for condos or townhomes had more choices. Townhome inventory rose 10.9%, while condo inventory increased 8.9% compared with last July. For many first-time buyers, those property types can provide a more affordable path into homeownership.

View the latest homes for sale in San Diego.

Home prices continued climbing across the region. The median home price rose 2.7% over the past year to $935,000, making San Diego the third-most-expensive major housing market in the country. It was also the highest median price ever recorded for the month of July locally.

Single-family homes led the increase. The median single-family home price climbed more than 5% from a year earlier to a record $1.13 million, or $55,000 higher than last July.

Townhome prices moved in the opposite direction, falling nearly 10% year over year to $800,000. Meanwhile, condo prices edged up by $7,500, reaching more than $615,000. Together, those trends highlight the growing price gap between single-family homes and entry-level ownership options

The median home sale price in San Diego increased by 2.7% compared to the same time last year, while the national median price rose by 2.6%.

San Diego median home prices rose by $25,000 year over year on a nominal basis in July to $935,000. Meanwhile, the national median home price increased by $10,000 to $400,000.

San Diego was the third-highest-priced housing market among the top 40 largest markets last month. The San Diego median home price of $935,000 was 133.8% above the national median home price. San Diego's median home price in July compares to the market's peak of $950,000 recorded in June of 2026.

The median price of San Diego single-family homes rose by $55,000 over the past year to $1,130,000, while the median townhome price declined by 8.7%, and the median condo price rose by 1.2%.

The number of homes for sale in San Diego decreased by 2.3% in July compared to the same time last year, while national homes for sale rose by 4.4%.

San Diego homes for sale fell by 186 year over year in July to 7,837 homes for sale. San Diego ranked 30th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.

San Diego homes for sale were below their pre-pandemic levels in the month of July. San Diego homes for sale were 29.3% below the July 2019 total of 11,085.

San Diego single-family homes for sale decreased by 10.3% to 4,266 in July. In comparison, townhomes for sale rose by 10.9% to 720, and condos for sale increased by 8.9% to 2,851.

The number of home sales in San Diego increased by 7.3% in July compared to the same time last year, while national home sales rose by 2.9%.

San Diego home sales increased by 149 year over year on a nominal basis in July to 2,197. For context, 2,048 sales closed in San Diego in July 2025.

San Diego ranked fourth for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July increase of 7.3% compares to the 7.7% year-over-year decrease in July 2025.

San Diego single-family sales increased by 3.3% in July to 1,390. In comparison, townhome sales rose by 42.1% to 199, and condo sales rose by 8.2% to 608.

For questions and commentary about this report:

Joshua Ohl, Senior Director at CoStar and Homes.com, based in San Diego, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Joshua Ohl

Senior Director of Market Analytics

Homes.com

johl@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in San Diego during July 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Days on Market

The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Months of Supply (MOS)

Months of Supply (MOS) is equal to active listings divided by homes sold in a given month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Sale to List Price Ratio

The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.