Key Takeaways
- San Diego County was a seller’s market in July: homes moved in 29 days, inventory shrank for the sixth straight month, and competition pushed more sales above asking price.
- Homes sold jumped 8% year over year to 2,293—the strongest gain since early 2025—even as the rest of the country posted a slight decline.
- Pending sales fell 7%, hinting that the pace of closings may cool in the months ahead.
San Diego County, CA Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Sold Above List |
|---|---|---|---|---|
| $937,251 (+2.4% YoY) | 2,353 (-7.0% YoY) | 8,959 (-6.0% YoY) | 29 days (-7 days YoY) | 36.1% (+4.3 ppt YoY) |
San Diego County’s housing market tightened further in July. Homes sold at the fastest pace in over a year, bidding wars intensified, and inventory contracted while national supply held relatively steady. Prices grew more modestly than the nationwide average, but the underlying demand told a different story. Sellers commanded the field, and the typical listing disappeared in under a month.
Learn everything you need to know about the San Diego County, CA housing market as we head into late summer, and what buyers and sellers can do to succeed.
U.S. Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Buyer-Seller Balance |
|---|---|---|---|---|
| $407,730 (+3.2% YoY) | 335,051 (-0.7% YoY) | 1,462,921 (-0.6% YoY) | 49 days (0 days YoY) | Sellers outnumber buyers by 51.3% |
Nationally, home prices rose about 3% and pending sales barely moved. Inventory and days on market were essentially flat year over year. San Diego County diverged from that stagnation in nearly every metric: homes sold surged while the national total slipped, the typical listing moved 20 days faster than the U.S. median, and available inventory fell six times faster than the nation as a whole.
“The U.S. housing market continued its slow recovery in July, but again felt some bumps in the road,” said Chen Zhao, Redfin’s head of economics research. “Both supply and demand declined for the second month in a row, propping up prices and exacerbating the slow and expensive buyer’s market that has defined the post-pandemic period. Mortgage rate and economic volatility tied to the war in Iran and an unexpectedly hot job market has added a layer of uncertainty as well. Most buyers and sellers won’t see a much improved housing market, but economists are confident that affordability and normalcy will return in the coming years.”
San Diego County Prices Grew Slower Than the Nation—but Still Hit a Record
The median sale price in San Diego County reached $937,251 in July, a 2% gain from a year ago, trailing the national growth rate of 3% for the second consecutive month. That might sound like cooling, but context matters: at nearly $940,000, San Diego remains one of the most expensive large counties in the country and has appreciated roughly 60% since early 2020. The median price per square foot slipped about 1% to $583, suggesting the gain reflected modestly larger homes trading rather than pure value expansion.
Price cuts remained rare relative to the national average. Only 22% of active listings carried a reduction, compared with 19% nationally, and the typical cut was just 3.8% of the original list price. The average home sold for 99.5% of its asking price, just a hair below list, and over a third sold above asking. For a market where the median home costs nearly a million dollars, sellers held pricing power with little need for concessions.
Pending Sales Dropped While Closings Surged—a Split Signal
Pending sales fell 7% year over year in San Diego County, a sharper decline than the national dip of less than 1%, even as actual closings rose 8%. The divergence between closings and new contracts suggests that July’s strong sales reflected a backlog of spring activity rather than fresh demand entering the pipeline. The typical home went under contract in 29 days, down 7 from a year ago and 20 days faster than the national median of 49. Over a third of listings went pending within two weeks.
Homes sold hit 2,293 for the month, the highest July total since 2021. Nationally, closings slid slightly. That gap showed San Diego buyers were still active, but the forward-looking metric (pendings) flashed a warning: fewer contracts were being written, which could translate to softer closings by autumn. For now, the market remained firmly in sellers’ territory, but the trendline bore watching.
Inventory Kept Shrinking While the Nation Held Flat
Active listings in San Diego County fell 6% year over year to 8,959, while nationally inventory barely budged. New listings were essentially flat at 2,821, meaning the supply drawdown came from rapid absorption rather than sellers pulling back. Months of supply stood at 2.76, well below the national figure of 3.94 and deep in seller-friendly territory. At the current pace, the entire available inventory would sell in under three months.
The lack of new supply left buyers with limited options. Despite San Diego’s inventory nearly doubling from its 2023 low of around 5,000 active listings, it remains well below the pre-pandemic level of 10,000 to 12,000. National inventory also sits below its 2019 baseline, but by a much smaller margin. Homes that were priced correctly continued to move fast, and the overall compression in supply kept upward pressure on the market even as pending activity softened.
Mid-Tier Led Sales Growth; Bottom Tier Prices Declined
| Price Tier | Median Price (YoY) | Sold (YoY) | DOM (YoY) | % Above List (YoY) |
|---|---|---|---|---|
| Luxury (top 5%) | $3,774,028 (+3.3%) | 413 (+24.0%) | 32 days (+6 days) | 21.8% (-1.0 ppt) |
| High (65th-95th%) | $1,508,286 (+1.0%) | 2,126 (+3.5%) | 21 days (-1 day) | 36.4% (+3.6 ppt) |
| Non-luxury (35th-65th%) | $910,446 (+0.9%) | 2,134 (+10.9%) | 21 days (-1 day) | 42.8% (-0.7 ppt) |
| Starter (5th-35th%) | $649,672 (-0.2%) | 1,855 (-3.1%) | 28 days (0 days) | 39.1% (+0.2 ppt) |
| Bottom (bottom 5%) | $387,514 (-2.2%) | 358 (+19.7%) | 46 days (+5 days) | 29.6% (-1.2 ppt) |
Redfin analysis of MLS data • Rolling three-month period (April-June 2026)
The non-luxury tier (35th-65th percentile, median $910,446) posted the strongest volume growth at nearly 11% year over year, with homes selling in 21 days. The high tier saw the biggest jump in above-list activity, gaining 3.6 percentage points to 36%. Luxury homes ($3.77M median) moved more slowly at 32 days, and sales volume surged 24%, though much of that likely reflected a low base from the prior year.
At the bottom, prices fell 2% and homes sat 46 days—nearly double the county median. The starter tier was essentially flat on price, and volume dipped 3%. Competition concentrated in the middle and upper tiers, where days on market hovered around three weeks and above-list rates ran between 37% and 43%. Buyers shopping below $650,000 faced fewer bidding wars but longer waits; those in the $900,000-to-$1.5M range encountered the most aggressive competition.
How Buyers and Sellers Can Navigate the San Diego County, CA Housing Market
If you’re buying in San Diego County, expect speed. The median home went pending in 29 days, and over a third sold above asking. Financing approval before you tour is essential, and offers at or above list attracted the fastest responses. The non-luxury tier between $650,000 and $1.5 million saw the most intense competition. Buyers with flexibility on price tier, either stretching toward luxury or pivoting to the starter segment—may find slightly more negotiating room.
If you’re selling, the data supported confident pricing. Active listings fell 6%, months of supply sat below 3, and homes moved in under a month. New listings barely grew, so competition among sellers remained muted. Price accurately from the start: fewer than a quarter of active listings carried a price reduction, and those that did typically cut less than 4%. The softening in pending sales, however, suggested that overpricing carried more risk heading into fall. Homes that missed the window may sit longer as buyer activity moderates.
San Diego County, CA Market Data by City
Rolling three-month period (May-July 2026). Cities with 50+ sales shown.
| City | Median Sale Price (YoY) | Sold | New List. | Active | DOM | % Above | Supply |
|---|---|---|---|---|---|---|---|
| San Diego | $989,504 (+2.8% YoY) | 2,703 | 3,703 | 6,056 | 25 | 34.9% | 3.0 |
| Oceanside | $884,557 (+4.1% YoY) | 518 | 557 | 892 | 28 | 36.8% | 2.0 |
| Chula Vista | $829,585 (+3.1% YoY) | 473 | 561 | 855 | 24 | 46.2% | 2.1 |
| Carlsbad | $1,574,212 (-0.1% YoY) | 366 | 390 | 647 | 29 | 32.2% | 1.8 |
| Escondido | $824,587 (-0.7% YoY) | 300 | 344 | 564 | 29 | 40.4% | 2.3 |
| San Marcos | $927,036 (-4.4% YoY) | 187 | 234 | 359 | 36 | 32.3% | 2.3 |
| El Cajon | $754,622 (+2.0% YoY) | 172 | 202 | 351 | 26 | 35.2% | 2.6 |
| Encinitas | $2,181,408 (+14.4% YoY) | 158 | 197 | 317 | 21 | 38.4% | 2.7 |
| Vista | $837,081 (-8.0% YoY) | 157 | 199 | 305 | 21 | 43.9% | 2.2 |
| Santee | $779,610 (-2.5% YoY) | 146 | 177 | 253 | 20 | 54.0% | 1.7 |
| Poway | $1,249,374 (-2.0% YoY) | 128 | 143 | 202 | 20 | 38.5% | 1.9 |
| La Mesa | $882,058 (+6.0% YoY) | 117 | 154 | 232 | 27 | 48.4% | 2.4 |
| Fallbrook | $849,575 (-1.3% YoY) | 73 | 87 | 154 | 34 | 31.1% | 2.7 |
| Coronado | $3,013,491 (+32.5% YoY) | 70 | 106 | 212 | 35 | 19.2% | 5.3 |
| La Presa | $759,620 (-0.7% YoY) | 69 | 84 | 118 | 20 | 52.4% | 2.0 |
| Casa de Oro-Mount Helix | $1,134,432 (-0.8% YoY) | 65 | 70 | 105 | 19 | 48.5% | 1.8 |
| Spring Valley | $777,111 (-5.8% YoY) | 59 | 63 | 96 | 27 | 53.6% | 1.7 |
| Imperial Beach | $849,575 (+3.6% YoY) | 53 | 111 | 190 | 27 | 28.9% | 6.4 |
This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. County-level data is not seasonally adjusted. Check the Redfin Data Center for additional in-depth housing market data.
