San Diego Metro Housing Market Report

The San Diego Metro housing market shows resilience, with the median sale price reaching $1,126,945 based on the 73 ZIP codes tracked below. This figure reflects a modest increase of 0.6% compared to previous months, suggesting a stabilization in home values amidst fluctuating market conditions. The median days on market (DOM) for sales has decreased significantly to 30 days, marking a 6.5% improvement. This swift turnover indicates strong demand, even as new listings have plummeted to 1,040, a dramatic drop of 61.8%. With a total inventory of 9,965 homes available for sale, the current market dynamics point to a competitive landscape for buyers.

The sharp decline in new listings has created a tighter supply environment that is influencing the overall market dynamics in the San Diego Metro. With only 1,040 new listings recorded in March 2026, the market is feeling the strain of limited options, particularly as inventory stands at 9,965 homes. This reduction in available properties is a stark contrast to the 2,996 new listings observed in October 2025, highlighting a significant shift in the market landscape over the past six months. As demand continues to outpace supply, potential buyers may face challenges in finding suitable homes, which could further bolster prices in the coming months.

The rental market in the San Diego Metro is also experiencing upward pressure, with a median rent of $3,073, reflecting a 2.6% increase from previous months. The rental inventory has risen slightly to 15,594 listings, which is up by 1.7%, suggesting a stable but competitive rental environment. Single-family homes are the fastest renting properties, with a median rent of $4,070 and a swift DOM of just 7 days. In comparison, two-bedroom apartments command a median rent of $3,086, while three-bedroom homes see rents climbing to $4,265. The overall rental landscape indicates that while rents are rising, the demand for single-family rentals remains particularly robust.

The price-to-rent ratio in the San Diego Metro can be calculated using the median sale price of $1,126,945 and the median rent of $3,073. This results in a ratio of approximately 30.3, indicating a relatively balanced market, where homeownership is still a viable option for many. A higher ratio typically suggests that renting may be more favorable, but with strong rental demand and rising prices, potential investors may find opportunities in both rental and sales markets.

For investors looking at the San Diego Metro, the fastest-moving segments present promising opportunities. Single-family homes, with a median sale price of $1,505,557 and a DOM of just 23 days, are currently the most sought-after properties. Additionally, the rental market for single-family homes shows a robust demand, with a median rent of $4,070 and a quick turnover of 7 days. Investors should consider focusing on these segments to maximize returns, particularly as the market continues to tighten.

The overall sentiment for the San Diego Metro housing market is Bullish. The combination of rising median sale prices, decreasing days on market, and a significant reduction in new listings suggests that demand is outstripping supply, creating favorable conditions for sellers. While challenges remain for buyers due to limited inventory, the current trends indicate a strong market trajectory moving forward.