ZIP 92040 Housing Market Report
San Diego Metro
Report period: May 2026
92040 Monthly Market Update – May 2026
ZIP 92040 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$577,777
+5.1%
Median DOM (Sales)
34
+3.0%
New Listings (Sales)
13
−79.4%
Median Rent
$2,095
−2.6%
Median DOM (Rental)
27
+50.0%
Total Rental Listings
59
−3.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (25 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,104,900 median)
Sales Market Overview
Median Price
$577,777
+5.1%
Median DOM
34
+3.0%
New Listings
13
−79.4%
Inventory
195
−1.5%
- Average Price: $630,370
- Median Price: $577,777
- Price Range: $95,000 – $2,374,900
- Price per Sq Ft (Avg/Median): $397 / $420
- Square Footage (Avg/Median): 1,588 / 1,465
- Square Footage Range: 460 – 4,455
- Days on Market (Avg/Median): 57 / 34
- Days on Market Range: 1 – 319
- New Listings: 13
- Total Listings: 195
Sales by Property Type
Condo
Avg/Median Price$482,353 / $435,000Range$300,000 – $839,000Price per Sq Ft$473 / $477Sq Ft1,052 / 903DOM45 / 31New1Total29
Land
Avg/Median Price$705,375 / $500,000Range$100,000 – $2,000,000Price per Sq Ft—Sq Ft—DOM142 / 112New0Total8
Manufactured
Avg/Median Price$286,148 / $269,999Range$95,000 – $640,000Price per Sq Ft$216 / $208Sq Ft1,313 / 1,344DOM69 / 49New3Total68
Multi-Family
Avg/Median Price$896,333 / $799,000Range$740,000 – $1,149,999Price per Sq Ft$506 / $467Sq Ft1,849 / 1,584DOM23 / 29New1Total3
Single Family
Avg/Median Price$954,252 / $969,000Range$399,000 – $2,374,900Price per Sq Ft$504 / $498Sq Ft2,008 / 1,890DOM41 / 25New8Total82
Townhouse
Avg/Median Price$579,035 / $577,777Range$432,400 – $725,000Price per Sq Ft$470 / $478Sq Ft1,224 / 1,140DOM125 / 122New0Total5
Sales by Bedroom Count
1 Beds
Avg:$256,000Median:$300,000Range:$95,000 – $325,000PSF:$460 / $526Sq Ft:542 / 568DOM:26 / 11New:1Total:4
2 Beds
Avg:$346,902Median:$379,900Range:$104,900 – $709,000PSF:$361 / $338Sq Ft:1,069 / 924DOM:67 / 41New:1Total:54
3 Beds
Avg:$568,368Median:$600,000Range:$115,000 – $1,198,900PSF:$387 / $410Sq Ft:1,470 / 1,448DOM:51 / 32New:6Total:73
4 Beds
Avg:$936,749Median:$969,000Range:$299,900 – $1,399,000PSF:$450 / $467Sq Ft:2,100 / 2,131DOM:46 / 29New:4Total:37
5 Beds
Avg:$1,114,935Median:$1,104,900Range:$372,000 – $2,374,900PSF:$417 / $405Sq Ft:2,652 / 2,756DOM:34 / 10New:1Total:17
6 Beds
Avg:$1,209,000Median:$1,074,000Range:$1,074,000 – $1,344,000PSF:$443 / $302Sq Ft:3,148 / 1,840DOM:133 / 47New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $256,000 | $300,000 | $95,000 – $325,000 | $460 / $526 | 542 / 568 | 26 / 11 | 1 | 4 |
| 2 Beds | $346,902 | $379,900 | $104,900 – $709,000 | $361 / $338 | 1,069 / 924 | 67 / 41 | 1 | 54 |
| 3 Beds | $568,368 | $600,000 | $115,000 – $1,198,900 | $387 / $410 | 1,470 / 1,448 | 51 / 32 | 6 | 73 |
| 4 Beds | $936,749 | $969,000 | $299,900 – $1,399,000 | $450 / $467 | 2,100 / 2,131 | 46 / 29 | 4 | 37 |
| 5 Beds | $1,114,935 | $1,104,900 | $372,000 – $2,374,900 | $417 / $405 | 2,652 / 2,756 | 34 / 10 | 1 | 17 |
| 6 Beds | $1,209,000 | $1,074,000 | $1,074,000 – $1,344,000 | $443 / $302 | 3,148 / 1,840 | 133 / 47 | 0 | 2 |
Rental Market Overview
Median Rent
$2,095
−2.6%
Median DOM
27
+50.0%
New Listings
9
Inventory
59
−3.3%
- Average Rent: $2,395
- Median Rent: $2,095
- Rent Range: $1,250 – $8,500
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 887 / 780
- Square Footage Range: 256 – 3,586
- Days on Market (Avg/Median): 61 / 27
- Days on Market Range: 1 – 336
- New Listings: 9
- Total Listings: 59
Rentals by Property Type
Apartment
$1,975
Median DOM: 62
Inventory: 40
MoM: −2.6%
Condo
$1,850
Median DOM: 1
Inventory: 4
MoM: −2.6%
Single Family
$3,850
Median DOM: 1
Inventory: 14
MoM: −2.6%
Townhouse
$3,200
Median DOM: 30
Inventory: 1
MoM: −2.6%
Apartment
Avg/Median Rent$2,006 / $1,975Range$1,500 – $2,850Rent per Sq Ft$3 / $3Sq Ft775 / 750DOM89 / 62New5Total40
Condo
Avg/Median Rent$1,919 / $1,850Range$1,800 – $2,075Rent per Sq Ft$3 / $3Sq Ft684 / 657DOM15 / 1New0Total4
Single Family
Avg/Median Rent$3,585 / $3,850Range$1,250 – $8,500Rent per Sq Ft$3 / $3Sq Ft1,181 / 850DOM7 / 1New4Total14
Townhouse
Avg/Median Rent$3,200 / $3,200Range$3,200 – $3,200Rent per Sq Ft$3 / $3Sq Ft1,150 / 1,150DOM30 / 30New0Total1
Rentals by Bedroom Count
Studio
Avg:$2,000Median:$2,000Range:$2,000 – $2,000PSF:$2 / $2Sq Ft:1,252 / 1,252DOM:11 / 11New:0Total:1
1 Beds
Avg:$1,778Median:$1,750Range:$1,250 – $2,295PSF:$3 / $3Sq Ft:593 / 615DOM:65 / 33New:1Total:26
2 Beds
Avg:$2,309Median:$2,195Range:$1,700 – $3,850PSF:$3 / $3Sq Ft:880 / 860DOM:88 / 35New:3Total:20
3 Beds
Avg:$3,236Median:$3,200Range:$2,250 – $4,300PSF:$3 / $3Sq Ft:1,213 / 1,150DOM:15 / 6New:4Total:9
4 Beds
Avg:$5,933Median:$5,000Range:$4,300 – $8,500PSF:$3 / $3Sq Ft:2,288 / 1,925DOM:1 / 1New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,000 | $2,000 | $2,000 – $2,000 | $2 / $2 | 1,252 / 1,252 | 11 / 11 | 0 | 1 |
| 1 Beds | $1,778 | $1,750 | $1,250 – $2,295 | $3 / $3 | 593 / 615 | 65 / 33 | 1 | 26 |
| 2 Beds | $2,309 | $2,195 | $1,700 – $3,850 | $3 / $3 | 880 / 860 | 88 / 35 | 3 | 20 |
| 3 Beds | $3,236 | $3,200 | $2,250 – $4,300 | $3 / $3 | 1,213 / 1,150 | 15 / 6 | 4 | 9 |
| 4 Beds | $5,933 | $5,000 | $4,300 – $8,500 | $3 / $3 | 2,288 / 1,925 | 1 / 1 | 1 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$599,000Median DOM:56New:19Total:147
Jan 2026
Median Price:$475,000Median DOM:44New:49Total:150
Feb 2026
Median Price:$519,999Median DOM:37New:43Total:167
Mar 2026
Median Price:$550,000Median DOM:32New:52Total:183
Apr 2026
Median Price:$549,999Median DOM:33New:63Total:198
May 2026
Median Price:$577,777Median DOM:34New:13Total:195
6-Month Rental Trend
Dec 2025
Median Rent:$2,300Median DOM:38New:20Total:60
Jan 2026
Median Rent:$2,250Median DOM:19New:19Total:61
Feb 2026
Median Rent:$2,203Median DOM:30New:10Total:58
Mar 2026
Median Rent:$2,150Median DOM:23New:17Total:55
Apr 2026
Median Rent:$2,150Median DOM:18New:19Total:61
May 2026
Median Rent:$2,095Median DOM:27New:9Total:59
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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