August 2026
Serra Mesa Market Report
Shirin's Take
Detached and attached homes are moving at different speeds.
Detached homes ended August with 2.1 months of supply, compared with 3.6 months for attached homes. The detached median was $1,035,000, while the attached median was $549,500. Those figures describe different pools of properties and should not be combined when evaluating a specific home.
August 2026
Detached Homes
Serra Mesa · ZIP Code 92123
Detached homes recorded 7 closed sales in August. The median sales price was $1,035,000, down 1.3% from August 2025. Active inventory was down 25.0%, leaving 24 homes for sale and 2.1 months of supply at the end of the month.
Pending sales were down 60.0% year over year. Homes that closed spent an average of 12 days on the market, and sellers received 97.3% of their original asking price on average. Monthly price changes should be read alongside the number and mix of sales, especially in ZIP codes with limited activity.
For Buyers
At 2.1 months of supply, preparation still matters. Compare the home with recent sales and pay attention to condition and time on market before deciding on price and terms.
For Sellers
Sellers received 97.3% of their original asking price on average, and closed homes spent 12 days on the market. Pricing and presentation still determine whether a property moves with the stronger part of the market.
August 2026
Attached Homes
Townhomes, rowhouses + condos · ZIP Code 92123
Attached homes recorded 8 closed sales in August. The median sales price was $549,500, up 13.5% from August 2025. Active inventory was up 70.0%, leaving 17 homes for sale and 3.6 months of supply at the end of the month.
Pending sales were down 70.0% year over year. Homes that closed spent an average of 43 days on the market, and sellers received 98.6% of their original asking price on average. Monthly price changes should be read alongside the number and mix of sales, especially in ZIP codes with limited activity.
For Buyers
At 3.6 months of supply, preparation still matters. Compare the home with recent sales and pay attention to condition and time on market before deciding on price and terms.
For Sellers
Sellers received 98.6% of their original asking price on average, and closed homes spent 43 days on the market. Pricing and presentation still determine whether a property moves with the stronger part of the market.
Looking Ahead
What matters next
One month does not establish a trend, particularly in a ZIP code with a limited number of sales. I will be watching pending activity, inventory and market time to see whether August's pattern continues into fall.
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If you want to understand where your property fits in the current market, or what buying in San Diego realistically looks like at a specific price point, I'm happy to take a closer look with you.
Shirin Kheshti · Broker Associate · Coldwell Banker West
DRE #01848250 · 858.750.5753 · Shirin@TheSDHome.com
Data source: Greater San Diego Association of REALTORS® Local Market Update using MLS data, ZIP code 92123, August 2026. Detached and attached figures are reported separately. Median price and percent of original list price reflect closed sales. Percent changes are based on rounded figures and may appear extreme when the number or mix of sales is small. ZIP-code figures will differ from broader neighborhood and county statistics. This report is for informational purposes only and does not constitute financial or legal advice. Each office independently owned and operated. Equal Housing Opportunity.