Is the Pacific Beach Housing Market Heating Up?
While some of San Diego has cooled slightly this fall, Pacific Beach continues to show impressive stability this season. Home prices remain strong, listings are moving quickly, and both buyers and sellers are active.
As top San Diego real estate agent Melina Rissone explains, “We’re seeing steady demand in P.B. across nearly every price range. Homes that are priced right and well-presented are still selling relatively quickly.”
Prices Holding Strong Across Pacific Beach
The median sold price in Pacific Beach this fall is around $1.46 million, while the median list price sits near $1.5 million. That narrow gap between asking and closing prices signals a confident, steady market.
In the past six months:
Average sold price: $1.56 million
Median days on market: 22
Active listings: 87
Homes are selling quickly and often close to their asking prices. Even as inventory has inched up from early summer, demand remains consistent.
Market Activity: Balanced but Competitive
Pacific Beach currently shows a balanced mix of listings:
87 active
81 sold
60 pending or contingent
That’s roughly 2.5 months of supply, still leaning slightly toward sellers. Buyers have more options than earlier this year, but the most appealing homes continue to attract the most attention and offers, especially those under $1.5M.
Melina Rissone notes that buyers remain motivated: “Even with higher borrowing costs, Pacific Beach’s location and long-term value keep drawing interest. Well-priced homes don’t stay on the market long.”
Condos and Townhomes: Coastal Favorites
Condos and townhomes represent about half of all sales in Pacific Beach this year. These homes appeal to first-time buyers, investors, and downsizers alike.
Median condo list price: about $735,000
Average price per square foot: around $990
Median time on market: 23 days
Most condos near Diamond Street, Cass Street, and Noyes are selling in under a month—proof that affordable, low-maintenance living near the beach remains in high demand.
Detached Homes: Steady at the Top
Detached homes in Pacific Beach continue to perform well, especially in and around the Crown Point neighborhood.
Median sold price: $1.87 million
Several homes sold above $3 million
Typical time on market: 29 days
Buyers in this category are prioritizing lot size, views, and move-in-ready condition. Melina Rissone points out that detached homes west of Ingraham tend to sell the fastest, often to move-up buyers or remote workers relocating from out of state.
Pacific Beach’s Luxury Market: Strong, Not Soft
Homes priced above $3 million remain a steady segment of the market. While luxury properties are taking a bit longer to sell at around 40 days on average, they’re still commanding roughly 95% of list price.
Melina shares: “Luxury buyers are deliberate but serious. They know what they want, whether that be views, design, and location, and they’re willing to pay for it when they find a home that fits their criteria.”
Days on Market: Quick for Well-Priced Homes
The mean (average) days on market across all property types is 37 days, with a median of 22.
That means roughly half of homes are selling in under three weeks. Properties that linger beyond 45 days tend to fall into two categories:
Overpriced listings at the upper end of their range
Fixers or unique floor plans that need the right buyer
Melina suggests that pricing to the market (not above it) is especially crucial this season. Buyers are active, but they’re well-informed. A home listed correctly in week one will still outperform even in a slower environment.
Buyer Demand Remains Strong but Selective
Even with higher borrowing costs, Pacific Beach continues to attract cash and conventional buyers looking for lifestyle and investment potential.
About one in four sales closed above asking price this summer.
Price reductions are up slightly from spring (mostly in listings over $2M).
Open house traffic remains steady, with weekend activity strongest around Garnet, Riviera, and Mission Blvd.
The takeaway: The market isn’t cooling, it’s normalizing, with buyers becoming slightly more selective about condition and pricing.
Pacific Beach Buyer & Seller Takeaways
If you’re selling, focus on condition and pricing strategy. Updated properties that are priced realistically within the first two weeks continue to outperform. If you’re buying, the fall season offers slightly more room for negotiation, especially on homes that have been on the market for more than 30 days.
Melina Rissone adds: “We’re entering a healthy, more sustainable market. Pacific Beach remains one of San Diego’s most desirable neighborhoods for long-term value.”
State of the Pacific Beach Real Estate Market
Guiding buyers and sellers throughout Pacific Beach, Melina continues to see strong interest in homes across all price points. Her advice this fall: “Whether you’re thinking of buying or selling, timing and strategy matter more than ever. The right preparation and pricing can make a major difference in your results.”
If you’re considering a move in Pacific Beach, now’s the time to talk with Melina Rissone about your goals. She offers a free, data-backed market value report tailored to your home and neighborhood. Schedule a quick consultation today to find out what your property could sell for in the current market.
Other Market Update Blogs:
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Point Loma 92106 Housing Market Update
Is the Mission Valley Real Estate Market Cooling Down or Heating Up?
What’s Happening in the South Park & Golden Hill Real Estate Market?
Perfect Time to Buy or Sell in University City? Fall 2025 Market Update
Melina Rissone
Having sold properties for more than 20 years and earning various prestigious awards throughout the course of her career, Melina Rissone has more than earned her reputation as one of San Diego's most skilled and trustworthy real estate brokers selling homes and luxury condominiums. Her loyal clientele would share that Melina brings structure and planning to chaos. She specializes in supporting her clients and their referrals; families and individuals going through divorce and seniors and active adults planning their moves and financial decisions during their retirement years.
Coldwell Banker Global Luxury and Institute of Luxury Home Marketing certified.
Certified Senior Advisor by the Society of Certified Senior Advisors
RCS-D Designation, a Real Estate Collaboration Specialist for Divorce.
SRES Certification through NAR is a Seniors Real Estate Specialist certification.
Melina is bilingual in English and German.
Recognized as the Top 4% of all real estate brokers in San Diego County in 2021 and the Top 3% of Coldwell Banker International.
Coldwell Banker Presidents Elite Award.
Recognize as the Top 2% of Coldwell Banker West in 2024.
Coldwell Banker Global Luxury and Institute of Luxury Home Marketing Certified.
Melina is a true professional! She is responsive and thorough. She offers important insights through the home buying and selling process. She has a network of connections so that specialists may be brought in when needed. Melina was our real estate broker when buying a home in 2017. And she is the person I have returned to as we consider selling. Melina is a top notch broker in San Diego!
-Catherine
