San Diego Housing Market Report – May 2026
Here's a look at how the San Diego, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 943
- Median Sale Price: $970,000
- Average Sale Price: $1,906,370
- Average Price Per Sq Ft: $1,247
- Average Days on Market: 54
- Sale-to-List Price Ratio: 203.2%
Month-Over-Month Trends
Compared to April, the median sale price in San Diego moved 3.2% up (from $940,190 to $970,000). The number of homes sold was 6.6% down compared to the prior month (1,010 vs. 943). Average days on market shifted 5.3% down (57 days to 54 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 1.8% up (from $952,500 to $970,000). Sales volume is 15.0% up year-over-year.
What This Means
San Diego's real estate market in May shows a market heavily favoring sellers, though with some nuance worth examining. That 203% sale-to-list price ratio is striking—homes are selling for roughly double their asking prices, which reflects the severe supply-demand imbalance in this region. The median price ticked up 3.2% month-over-month to $970,000, suggesting sustained buyer demand despite what appear to be persistent affordability challenges. The year-over-year growth of 1.8% is more modest, indicating the market has largely stabilized after earlier volatility.
What's interesting is that homes are moving faster—54 days on market versus 57 last month—even as sales volume declined 6.6%. This suggests serious buyers are still active, though perhaps the overall pool has shrunk. The gap between median ($970k) and average ($1.9M) sale prices hints that ultra-luxury properties continue driving up averages while typical San Diego homes cluster around that $970k mark.
With over 3,600 active listings sitting on the market averaging 60 days, there's modest inventory relief compared to earlier years. However, that gap between asking prices (median $898k) and actual sale prices (median $970k) tells you that realistic sellers are seeing strong results while overpriced properties linger. It's a seller's market, but increasingly one that rewards pricing discipline.
San Diego Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92128 | 78 | $920,000 | $586 | 50 |
| 92126 | 50 | $1,005,000 | $666 | 51 |
| 92109 | 50 | $1,470,000 | $1,219 | 51 |
| 92101 | 49 | $760,000 | $761 | 85 |
| 92117 | 46 | $1,107,500 | $778 | 49 |
| 92103 | 46 | $1,055,000 | $839 | 46 |
| 92129 | 43 | $1,325,000 | $685 | 43 |
| 92115 | 40 | $887,500 | $707 | 66 |
| 92105 | 40 | $750,000 | $888 | 48 |
| 92111 | 39 | $875,000 | $676 | 48 |
| 92122 | 36 | $820,000 | $762 | 46 |
| 92127 | 34 | $1,399,500 | $796 | 54 |
| 92154 | 30 | $675,000 | $426 | 60 |
| 92116 | 30 | $1,165,000 | $925 | 47 |
| 92130 | 30 | $2,202,500 | $865 | 55 |
| 92131 | 27 | $1,533,500 | $641 | 43 |
| 92114 | 26 | $757,500 | $541 | 60 |
| 92120 | 26 | $1,122,500 | $650 | 42 |
| 92104 | 26 | $951,500 | $815 | 60 |
| 92107 | 23 | $1,400,000 | $1,124 | 48 |
| 92108 | 23 | $470,000 | $598 | 55 |
| 92124 | 21 | $825,000 | $601 | 53 |
| 92119 | 20 | $932,500 | $571 | 42 |
| 92110 | 20 | $799,500 | $744 | 51 |
| 92123 | 18 | $900,000 | $690 | 43 |
| 92139 | 18 | $665,000 | $488 | 47 |
| 92102 | 16 | $1,282,500 | $39,054 | 101 |
| 92106 | 16 | $1,800,000 | $918 | 74 |
| 92113 | 13 | $800,000 | $556 | 54 |
| 92121 | 4 | $917,500 | $638 | 72 |
| 92037 | 3 | $4,336,426 | $1,141 | 52 |
| 92173 | 1 | $615,000 | $437 | 48 |
| 92021 | 1 | $127,500 | $98 | 102 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 480 | $1,200,000 | $780 |
| CONDOS | 290 | $630,000 | $653 |
| MULTI_FAMILY | 55 | $1,560,000 | $14,223 |
| TOWNHOMES | 47 | $888,000 | $608 |
| CONDO | 44 | $850,000 | $971 |
| OTHER | 12 | $4,650,000 | $1,561 |
| LAND | 8 | $1,020,000 | N/A |
| MOBILE | 6 | $226,000 | $176 |
| Unknown | 1 | $1,600,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $100K - $199K | 1 |
| $200K - $299K | 8 |
| $300K - $399K | 25 |
| $400K - $499K | 58 |
| $500K - $749K | 195 |
| $750K+ | 655 |
Current Active Listings
As of this report, there are 3,677 active listings in San Diego with a median asking price of $898,000 and an average of 60 days on market.
Thinking About Selling Your San Diego Home?
If you're a homeowner in San Diego considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in San Diego and throughout San Diego County — get a no-obligation cash offer today.