If you've been watching the Pacific Beach market this year, August's numbers confirm what a lot of buyers and sellers are already feeling on the ground: single-family homes and condos are moving at two very different speeds right now.
Single-Family Homes: Still Tight, Still Competitive
The detached market in 92109 tightened up notably in August:
- Median sales price: $2,204,000, up 8.8% from $2,025,000 in August 2025
- Days on market: just 24 days, down from 45 a year ago — homes are moving nearly twice as fast
- Months of supply: 2.6, down from 3.5 — anything under 3 months is generally considered a seller's market
- Inventory: 33 homes for sale, down 19.5% year-over-year
- Closed sales: held steady at 12, matching August 2025
Zoom out to year-to-date, and the story gets even more pronounced: the median single-family sale price is up 14.2% year-over-year, sitting at $2,340,500 through August. Pending sales are up 15.6% and closed sales are up 8.5% — demand is clearly there, it's just chasing a shrinking pool of available homes.
What this means if you're buying: be ready to move. Homes that check the boxes aren't sitting long, and with only about two and a half months of supply, well-priced listings are getting multiple looks fast.
What this means if you're selling: conditions currently favor you. Faster sales, rising prices, and shrinking inventory are a rare combination. If you've been on the fence about listing, this is a strong window.
Condos & Townhomes: A Different Pace
The attached market is telling almost the opposite story:
- Median sales price: $957,500, up 37.8% from August 2025 — though note this jump is partly a small-sample effect, since only 16-17 units closed
- New listings: 37, up a striking 60.9% year-over-year — a lot more sellers are testing the market
- Days on market: 37 days, up from 25 — homes are taking noticeably longer to sell
- Months of supply: 4.0, up slightly from 3.9 — moving toward more balanced, buyer-friendly territory
- Inventory: 68 units for sale, up 17.2% year-over-year
Year-to-date, the median condo price is up a more modest 3.3%, which is a better read on the underlying trend than the single-month swing. With more new listings hitting the market and days on market climbing, buyers in the condo and townhome space are gaining some real leverage compared to a year ago.
What this means if you're buying: more selection, more time to think, and more room to negotiate than in the single-family market.
What this means if you're selling: pricing and presentation matter more than they did a year ago. With more competition on the market, homes that stand out are the ones that sell quickly.
Pacific Beach continues to be a market of two speeds: single-family homes are tight and competitive, while condos and townhomes are loosening up and giving buyers more options. If you're trying to figure out which side of that equation your next move falls on, or what it means for a home you're already thinking about buying or selling, I'm happy to walk through the numbers with you in more detail.
Data source: San Diego MLS / Greater San Diego Association of REALTORS®, current as of September 5, 2026.
