San Diego' single-family median home price hits $1.1 million in April, while the number of home sales takes a step back
Median home prices rose to the highest level in nearly two years in April, which placed San Diego as the fourth-most-expensive market in the U.S.
Fewer homes sell in comparison to last April, and economic concerns mount
While the number of homes sold in San Diego rose month over month in April to the highest level in a year, fewer homes were sold compared with last April. That has occurred against a backdrop in which San Diego’s population has declined, according to the latest census estimates, and local job growth has slowed. That has coincided with the highest gas prices in four years, an average above $6 per gallon, which has added pressure to household budgets across San Diego.
Buyers have more homes to choose from as inventory rises
The number of active listings rose 4.3% in April to the highest level since September, although they were still over 30% below the pre-pandemic level. The increase was most notable in townhomes, where inventory surged 20% in the past year. Overall, there were 3.7 months of supply available in April, compared to 4.2 months nationally. There were five months of supply of condos, a month less than the national benchmark, and the most since last summer.
San Diego median home prices rise to the highest level since 2024
San Diego joined other California housing markets, San Francisco, San Jose, and Los Angeles, as the most expensive among the largest 40 markets in the country in April. That was after median home prices rose 1.7% year over year. The increase was concentrated in single-family homes, where prices jumped $50,000 in the past year, or 4.8%. April was the first month that single-family home prices reached $1.1 million in San Diego. Townhome prices declined $40,000 to $755,000 in April, marking the lowest level since October. Condo prices dipped $20,000 to $585,000.
San Diego Sale Prices
The median home sale price in San Diego increased by 1.7% compared to the same time last year, and the national median price also rose by 1.7%
San Diego ranks 13th for annual median price change among the top 40 US markets
San Diego median home prices rose by $15,500 year over year on a nominal basis in April to $925,500. Meanwhile, the national median home price increased by $6,500 to $390,000.
San Diego’s median home price is above the nation’s
San Diego was the fourth highest-priced housing market among the top 40 largest markets last month. The San Diego median home price of $925,500 was 137.3% above the national median home price. San Diego's median home price in April compared to the market's peak of $940,000 recorded in June of 2024.
San Diego single-family prices increase
The median price of San Diego single-family homes rose $50,000 over the past year to $1,100,000, while the median townhome price declined 5.0%, and the median condo price fell 3.3%.
San Diego Inventory
The number of active listings in San Diego increased by 4.3% in April compared to the same time last year, while national active listings rose by 6.3%.
San Diego’s inventory of homes for sale increases
San Diego active listings rose by 298 year over year in April to 7,261 active listings. San Diego ranked 26th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.
San Diego active listings are below their pre-pandemic levels
For context, San Diego active listings rose by 4.3% or 298 year over year in April 2026. San Diego active listings were 32.1% below the April 2019 total of 10,686.
San Diego single-family inventory decreases
San Diego single-family active listings decreased by 2.8% to 4,059 in April. In comparison, townhome active listings rose by 20.0% to 1,157, and condo active listings increased by 12.1% to 2,045.
San Diego Home Sales
The number of home sales in San Diego decreased by 2.0% in April compared to the same time last year, while national home sales rose by 0.6%.
San Diego home sales decrease
San Diego home sales declined by 46 year over year on a nominal basis in April to 2,214. For context, 2,260 sales closed in San Diego in April 2025.
San Diego’s annual home sales activity change ranks 25th nationally
San Diego ranked 25th for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April decrease of 2.0% compared to the 8.2% year-over-year increase in April 2025.
Single-family sales in San Diego are lower than a year ago
San Diego single-family sales decreased by 4.2% in April to 1,450. In comparison, townhome sales rose by 9.5% to 323, and condo sales fell by 2.4% to 441.
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 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 April 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.
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.