What $1.5 Million Actually Buys You in Point Loma Now

I hear this all the time: a buyer tells me they have $1.2 million to spend and want to be in Point Loma, and I have to be the one who tells them that number does not stretch the way it used to. Point Loma home prices in 2026 have been running well past that mark most months, and if you are working from an old number in your head, the listings you see are going to surprise you. Here is what $1.5 million actually buys you on the peninsula right now.

Point Loma's price range depends entirely on which part of the peninsula you mean

Point Loma gets talked about as one neighborhood, but it is really several, and the price gap between them is enormous. Point Loma Heights, the flatter, more interior pocket, had a median sale price around $815,000 as of June 2026. Point Loma Highlands, which sits up on the bluffs with ocean and bay views, had a median closer to $1.83 million in January 2026. According to Redfin's Point Loma Peninsula housing data, the peninsula as a whole has bounced between roughly $1.38 million and $1.6 million at different points this year. A $1.5 million budget sits right in the middle of that range, which tells you something important: you are not buying into the view-lot end of the market, and you are not buying into the entry-level end either. You are buying into the middle, and the middle in Point Loma still means something specific.

What $1.5 million actually gets you today

At this price point, you are typically looking at a single-family home in the interior streets rather than the bluffs, likely three bedrooms and two bathrooms, built sometime between the 1950s and 1970s, on a standard lot rather than a view lot. Many of these homes have been updated in the kitchen or bathrooms but not fully remodeled. What $1.5 million usually will not get you is a renovated view home in the Highlands, new construction, or a large lot with room to expand. Those numbers start well north of this budget. If ocean views matter more to you than square footage, you will likely need to compromise on size, condition, or both to stay near $1.5 million. You can see what is currently active at this price point on our Point Loma listings page.

Why the market is still moving fast even at this price point

Point Loma has been running with roughly 2.3 months of supply this year, which is tight and favors sellers. Homes have been selling in the neighborhood of two to four weeks on average, at close to 96 percent of their original list price. Pending sales have been up sharply compared to last year. None of that changes just because your budget is $1.5 million instead of $2.5 million. If anything, this middle price band tends to draw the most competition, because it is the range where the largest pool of move-up buyers can actually qualify.

If your budget does not stretch to Point Loma

This is a conversation I have often, and it is not a consolation prize. Neighborhoods like Clairemont, Bay Park, and Bay Ho sit closer to the center of the city, cost meaningfully less, and still put you within a short drive of the coast. If you are moving to San Diego on military orders, I also wrote a full guide comparing coastal and central neighborhoods for PCS timelines specifically. If you want to talk through the tradeoffs now rather than wait, that is exactly the kind of conversation I have every week.

Frequently asked questions

What is the median home price in Point Loma right now?

The Point Loma Peninsula overall has been running between roughly $1.38 million and $1.6 million at different points in 2026, depending on the month and which sub-neighborhoods had sales. These figures move around more than county-wide numbers because Point Loma has a smaller number of sales each month.

Why do Point Loma home prices vary so much by neighborhood?

Point Loma is really a collection of distinct pockets. Point Loma Heights sits inland and flatter, with a median price closer to $815,000. Point Loma Highlands sits on the bluffs with water views and has been running closer to $1.8 million. Lot position, views, and elevation drive most of the difference.

Is Point Loma a buyer's or seller's market in 2026?

By most measures, it is still a seller's market. Around 2.3 months of supply, sale-to-list ratios near 96 percent, and days on market in the two-to-four week range all point to sellers having the upper hand, even at higher price points.

What does $1.5 million buy in Point Loma?

Typically a three-bedroom, two-bathroom single-family home on a standard lot in the interior part of the peninsula, often built between the 1950s and 1970s with partial updates. Renovated view homes and new construction generally cost more.

Should I consider other San Diego neighborhoods if my budget is under $1.5 million?

It is worth looking at. Areas like Clairemont, Bay Park, and Bay Ho offer meaningfully lower price points while staying close to the coast and central to the rest of the city, and they are worth a serious look if Point Loma's numbers do not fit your budget.

Let's talk about your actual number

Every one of these figures is a starting point, not a promise about any specific house. If you want to know what your real budget gets you in Point Loma right now, or whether a nearby neighborhood makes more sense, reach out directly at Shirin@TheSDHome.com or 858.750.5753, or learn more about how I work on my about page.