Is San Diego, CA 92197 a buyer’s or seller’s market?
San Diego is a seller’s market. With about 0.9 months of supply and 35% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 79% of U.S. ZIP codes, and #273 of 1069 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The San Diego housing market right now
In the three months ending August 31, 2026, 35% of homes in San Diego, CA 92197 sold above their list price, the typical home went under contract in 29 days and there were 0.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 26%, homes sold more slowly (15 days then) and the median sale price rose 24% to $1,219,472. Overall, San Diego is more competitive than a year ago, so tougher for buyers.
On our competition score, San Diego ranks #273 of 1,069 CA ZIP codes with enough sales (score 74 out of 100).
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Where San Diego is
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Questions about San Diego real estate
Is San Diego a buyer’s or seller’s market?
A seller’s market: there were 0.9 months of supply in San Diego, CA 92197 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in San Diego?
The typical home went under contract in 29 days in the latest three months.
Do homes in San Diego sell over asking?
35% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What is the median home price in San Diego?
The median sale price was $1,219,472 in the three months ending August 31, 2026, about $828 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology