Market Trends: San Diego 92128 — March 2026
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $1,100,000 | Declining |
| Median $/SF (0-3 Mo) | $643.38 | Stable |
| 12-Mo Linear $/SF Change | +0.15% | Positive |
| Months of Inventory | 1.9 | Tight supply |
| Median Days on Market | 17 | Improving |
| SP/LP Ratio | 99.0% | Strengthening |
| Sales Volume Change (Qtr) | -17.0% | Decreasing |
| Anticipated Marketing Time | 30-60 days | Active market |
Analysis
The data reveals broadly consistent movement between overall prices and per-square-foot metrics. This consistency suggests the market is moving uniformly across property size segments without significant compositional shifts in the sales mix.
On the supply side, 1.9 months of inventory reflects tight supply conditions in the market. The significant reduction in days on market signals improving absorption and buyer engagement. The improving SP/LP ratio indicates strengthening seller positioning.
In summary, the market is best characterized as competitive with strong seller positioning. The anticipated marketing time of 30-60 days reflects current absorption rates. The positive 6-month $/SF trend suggests strengthening fundamentals that may support continued price appreciation.
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