Market Trends: San Diego 92128 — April 2026
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $585,000 | Increasing |
| Median $/SF (0-3 Mo) | $316.61 | Increasing |
| 12-Mo Linear $/SF Change | +6.84% | Positive |
| Months of Inventory | 4.4 | Balanced |
| Median Days on Market | 63 | Stable |
| SP/LP Ratio | 97.0% | Strengthening |
| Sales Volume Change (Qtr) | +24.5% | Increasing |
| Anticipated Marketing Time | 60-90 days | Moderate market |
Analysis
The data reveals a notable divergence between median sale prices and price per square foot trends. The steeper decline in overall median prices relative to $/SF suggests a compositional shift toward smaller or lower-priced properties in the sales mix, rather than a uniform decline in property values per unit of space.
On the supply side, 4.4 months of inventory reflects moderate supply levels in the market. Days on market have remained relatively stable, indicating consistent absorption patterns. The improving SP/LP ratio indicates strengthening seller positioning.
In summary, the market is best characterized as transitioning through a period of adjustment. The anticipated marketing time of 60-90 days reflects current absorption rates. The positive 6-month $/SF trend suggests strengthening fundamentals that may support continued price appreciation.
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