San Diego Housing Market Update: What the Data Shows in March 2026

The median sales price for detached homes in San Diego County reached $1,089,795 in February 2026, up 2.1 percent year over year. Prices have largely stabilized after years of volatility, which signals a healthier, more predictable market for everyone involved.

For buyers, this means you are not entering a runaway market. For sellers, it means the equity you have built is holding.

Coastal neighborhoods, including Point Loma and Ocean Beach, continue to command a premium and consistently outperform the county median. If you are curious what your home is worth in today's market, I am happy to pull a current valuation for you.

Mortgage Rates Fell Below 6 Percent for the First Time Since 2022

On February 26th, the average 30-year fixed-rate mortgage dropped to 5.98 percent, the lowest it has been since September 2022. For buyers who have been waiting on the sidelines, this is a meaningful shift.

To put it in real terms: on a $1,000,000 purchase, today's rates save roughly $550 to $600 per month compared to where rates sat at their peak. That difference in monthly payment changes what is possible for a lot of buyers.

Rates have since ticked back up slightly to around 6.11 percent as of mid-March, but they remain well below where they were a year ago, when the 30-year average sat at 6.65 percent. The direction of travel over the past year is clearly downward.

San Diego Inventory and Days on Market: Spring 2026

Supply remains the defining feature of this market. Detached homes averaged 35 days on market in February with just 2.0 months of supply countywide. A balanced market would show 4 to 6 months of supply. We are nowhere near that.

What this means in practice: sellers who price correctly and prepare their homes well are not waiting long. Well-priced single-family homes in coastal San Diego neighborhoods are regularly seeing multiple offers in the first week. Overpriced homes are sitting, and that gap is widening.

The condo and townhome segment is showing more room for negotiation, which is worth noting if you are a buyer working within a specific budget. That flexibility is not showing up in the single-family market to the same degree.

What This Means If You Are Buying in San Diego Right Now

The buyers who are winning right now share a few things in common. They are pre-approved and ready to move, they know what they want and why, and they are not waiting for the perfect moment that may never come.

With rates down more than half a percentage point compared to this time last year and inventory still tight, spring 2026 is a legitimate window. Not a frenzy, but an opportunity worth taking seriously.

If you have questions about buying a home in Point Loma, Ocean Beach, or anywhere along the San Diego coast, I am always happy to talk through the specifics of your situation.

What This Means If You Are Selling in San Diego Right Now

Preparation and pricing strategy matter more right now than they have in years, and here is why thoughtful preparation matters more than ever in this market. Buyers are more informed and more selective than they were during the frenzy of 2021 and 2022, and they can tell the difference between a home that is ready and one that is not.

The sellers I see getting the best results are not cutting corners on presentation or testing the market with a high price. They are coming in thoughtful, strategic, and ready.

If you are considering selling your San Diego home this spring, let's talk before you do anything else.

About Shirin Kheshti

Shirin Kheshti is a Broker Associate with Coldwell Banker West, DRE #01848250. She has specialized in Point Loma and Ocean Beach coastal San Diego real estate for nearly 20 years. As a Military Relocation Professional serving San Diego, she also helps service members and military families navigate PCS moves and VA loan purchases throughout San Diego County.

Reach her at Shirin@TheSDHome.com or 858.750.5753.