Coronado Market ReportSeptember 2026
Houses tightened; condos opened up. Monthly figures for Coronado from the San Diego MLS, with current mortgage rates and what they mean for buyers and sellers.
Houses tightened; condos opened up
Coronado's two markets moved in opposite directions. For houses, months of supply fell from 5.1 to 3.8, median time on market dropped from 55 to 36 days, and 14 houses closed versus 10 a year ago. The year-to-date house median is $3,400,808, up 14.3%.
Condos loosened. Only 8 condos closed in September versus 19, 59 were for sale, and months of supply rose to 6.4 — buyer's-market territory. The year-to-date condo median is $1,855,000, down 7.6%.
With 6.4 months of supply, up from 4.6 a year ago, condo buyers have more leverage than they did last fall.
Where Coronado moved
The full Coronado numbers
Houses (detached) · ZIP 92118
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 20 | 17 | −15.0% | 167 | 185 | +10.8% |
| Pending sales | 6 | 9 | +50.0% | 91 | 104 | +14.3% |
| Closed sales | 10 | 14 | +40.0% | 89 | 96 | +7.9% |
| Median sales price | $3,167,729 | $3,115,000 | −1.7% | $2,975,000 | $3,400,808 | +14.3% |
| % of original list price received | 92.9% | 93.1% | +0.2% | 95.6% | 96.2% | +0.6% |
| Days on market until sale | 55 | 36 | −34.5% | 53 | 40 | −24.5% |
| Homes for sale (inventory) | 51 | 43 | −15.7% | — | — | — |
| Months supply of inventory | 5.1 | 3.8 | −25.5% | — | — | — |
Condos & townhomes (attached) · ZIP 92118
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 20 | 18 | −10.0% | 204 | 186 | −8.8% |
| Pending sales | 13 | 9 | −30.8% | 115 | 85 | −26.1% |
| Closed sales | 19 | 8 | −57.9% | 116 | 80 | −31.0% |
| Median sales price | $2,050,000 | $1,633,750 | −20.3% | $2,007,500 | $1,855,000 | −7.6% |
| % of original list price received | 92.3% | 94.6% | +2.5% | 94.1% | 94.6% | +0.5% |
| Days on market until sale | 68 | 73 | +7.4% | 60 | 60 | 0.0% |
| Homes for sale (inventory) | 55 | 59 | +7.3% | — | — | — |
| Months supply of inventory | 4.6 | 6.4 | +39.1% | — | — | — |
YTD = January through September. Inventory and months of supply are end-of-month figures, so they have no year-to-date value.
Coronado versus San Diego County
| Segment | Median price, YTD | % of list, YTD | Days on market, YTD | Months of supply |
|---|---|---|---|---|
| Houses · 92118 | $3,400,808 | 96.2% | 40 | 3.8 |
| Condos · 92118 | $1,855,000 | 94.6% | 60 | 6.4 |
| Houses · County | $1,100,000 | 98.5% | 36 | 2.4 |
| Condos · County | $665,000 | 97.5% | 44 | 4.0 |
See the San Diego County market report for the countywide trend.
What the money costs right now
Mortgage rates moved up sharply in late September. The Federal Reserve raised its benchmark rate a quarter point on September 16, to 3.75% to 4.00%, and Freddie Mac's 30-year average reached 7.40% on October 8, 2026. Compared with a year ago, that adds roughly 12% to the monthly principal and interest on the same loan.
Estimated monthly principal & interest, 20% down
| Price point | Price | Loan | Loan type | At 7.40% | At 6.30% |
|---|---|---|---|---|---|
| Coronado house median, YTD | $3,400,808 | $2,720,646 | Jumbo | $18,837 | $16,840 |
| Coronado condo median, YTD | $1,855,000 | $1,484,000 | Jumbo | $10,275 | $9,186 |
Principal and interest only, 30-year fixed, 20% down. Excludes property taxes, insurance, HOA dues and mortgage insurance. Rates are national weekly averages from Freddie Mac's Primary Mortgage Market Survey, not a quote; jumbo and high-balance loans are often priced differently. Loan limits from the Federal Housing Finance Agency (FHFA), 2026.
For sellers and buyers in Coronado
If you're selling
- House sellers have a stronger hand than a year ago: less supply and faster sales.
- Sellers still receive about 96% of original list year to date — price carefully.
- Condo sellers face a buyer's market; expect negotiation and longer marketing times.
If you're buying
- Condo buyers can negotiate: 6.4 months of supply and prices down from last year.
- House buyers face more competition than a year ago.
- Almost all purchases here need jumbo financing; shop lenders early.
Common questions about the Coronado market
Is Coronado a buyer's or seller's market right now?
In ZIP 92118, houses had 3.8 months of supply at the end of September 2026, a balanced market, and condos had 6.4 months, a buyer's market. Months of supply measures how long current listings would last at the recent sales pace; under three months favors sellers, three to six is balanced, and over six favors buyers.
What is the median home price in Coronado?
In ZIP 92118, the median house price was $3,115,000 in September 2026 and $3,400,808 for the year to date (+14.3% from 2025). The condo median was $1,633,750 in September and $1,855,000 year to date. Because only a few homes sell each month, the year-to-date median is the more reliable guide.
How much is the monthly payment on a median-priced home in Coronado?
At the October 8, 2026 Freddie Mac average of 7.40% for a 30-year fixed loan, principal and interest on the year-to-date house median of $3,400,808 is about $18,837 a month with 20% down, versus about $16,840 at last year's 6.30%. Taxes, insurance and any HOA dues are extra.
Why does this Coronado report use ZIP code 92118?
Coronado is ZIP code 92118. The San Diego MLS publishes its monthly market updates by ZIP code, which keeps the numbers consistent from month to month. For a closer read on a specific street, John can pull recent sales directly from the MLS.
What does this mean for your home?
ZIP-level numbers can't price a specific house. John can walk you through recent sales on your street in Coronado and what they mean for you.
Call (619) 518-5421Get a free home valuationRead John's Coronado neighborhood guide · San Diego County market report