Coronado Real Estate Market Report for Q3 2026

The Coronado real estate market had a strong summer for single-family homes, with prices, sales, and new contracts all up from a year ago. Condos and townhomes went the other way, with fewer sales and more homes for sale relative to demand.

This report covers July through September 2026 and compares each figure with the same three months in 2025. We look at single-family homes and condos separately, since they behaved so differently this quarter, and we use San Diego County as a point of comparison.

All figures are medians and three-month totals from CRMLS via InfoSparks (agent-reported MLS data), checked October 16, 2026. Coronado has a small number of sales in any quarter, so we note the sale counts along the way. A handful of homes can move these numbers a lot.

How Did the Coronado Real Estate Market Perform in Q3 2026?

Here is the short version for each property type.

Single-family homes, Q3 2026 vs. Q3 2025:

Median sale price: $3,365,000 (up 20%)
Median price per square foot: $1,526 (up 11%)
Closed sales: 42 (up from 32)
Homes that went under contract: 45 (up from 27)
New listings: 66 (up 40%)
Months of supply: 4.2 (was 5.3)
Median days on market: 23 (was 29)
Median percent of original price received: 95.6% (was 96.5%)

Condos and townhomes, Q3 2026 vs. Q3 2025:

Median sale price: $1,772,500 (down 6%)
Median price per square foot: $1,384 (up 11%)
Closed sales: 28 (down from 52)
Homes that went under contract: 28 (down from 55)
New listings: 64 (up 7%)
Months of supply: 6.8 (was 6.0)
Median days on market: 34 (was 44)
Median percent of original price received: 96.0% (was 93.7%)

Source: CRMLS via InfoSparks (agent-reported MLS data), checked October 16, 2026. Figures are three-month rolling medians and totals for July through September.

What Happened With Single-Family Home Prices in Coronado?

The single-family median reached $3,365,000 in the third quarter. That is the highest third-quarter median since at least 2021, and up from $2,812,500 a year ago.

A 20% jump in one year is a big number, so we checked it against price per square foot. That measure rose 11%, to $1,526. Both increases point the same direction, but the median rose further than the per-foot price. That tells us the mix of homes that sold this summer leaned toward larger or more expensive properties than last summer.

This is normal for Coronado. With only 42 single-family sales in the quarter, a few closings at the top of the market can pull the median up, and a few smaller homes can pull it down. Price per square foot is the steadier read, and it shows solid growth on its own.

More Sellers Listed, and Buyers Kept Up

New single-family listings rose 40% from last year, to 66. In a slower market, that much new supply could pile up. Instead, buyers absorbed it.

Closed sales rose to 42 from 32, the most for a third quarter since 2021. Homes sold faster too, with a median of 23 days on market compared with 29 a year ago. Active inventory averaged 49 homes over the quarter, down from 53.

Sellers gave up a little on price along the way. The median home sold for 95.6% of its original list price, compared with 96.5% last year. That small dip suggests buyers were active but still careful about price.

Contract Activity Picked Up Over the Summer

The clearest sign of buyer demand was the number of homes that went under contract. Forty-five single-family homes went into escrow in the quarter, compared with 27 a year earlier.

coronado-single-family-pending-sales-2026

July was the busiest month of the year, with 20 new contracts. August followed with 16. September slowed to 9, which is still higher than the 5 from September 2025.

Two things may be behind the September slowdown. Mortgage rates climbed through the second half of September. The 30-year fixed rate rose from about 7.2% in mid-September to 7.60% on September 30, according to Mortgage News Daily. Luxury buyers often pay cash or put down a large share, so rates tend to matter less at this price point, but they still matter.

The latest month’s contract count also tends to rise after the fact, as late updates are entered in the MLS. We will look at September again in next quarter’s report.

How Did Coronado Condos and Townhomes Do in Q3 2026?

The condo and townhome market had a slower quarter. Closed sales fell to 28 from 52, and the number that went under contract fell by about the same amount.

That drop looks steep, but last year’s third quarter was unusually busy. Q3 2025 had the most condo sales of any third quarter in our five-year window. Compared with 2024, when 35 condos sold in the same months, this year’s figure is lower but less dramatic.

Why the Condo Median Went Down

The condo median fell 6%, to $1,772,500. Price per square foot rose 11% at the same time, to $1,384. When those two move in opposite directions, it usually means more of the smaller, lower-priced units sold during the quarter. On a per-foot basis, values went up from last year.

There is a longer view to keep in mind too. Condo prices per square foot are still below their 2023 and 2024 levels, when they ran above $1,500. Condo values in Coronado have cooled from those highs and have started to recover this year.

More Choice for Condo Buyers

Condo supply rose to 6.8 months, the highest third-quarter level in our data. Sixty-four new condo listings came on the market, slightly more than last year, while sales slowed.

Condos in Coronado tend to sit at a lower price point than single-family homes, and more of these buyers use a mortgage. That makes them more sensitive to rate changes, which helps explain why this segment cooled while single-family homes did not.

There were some good signs for condo sellers. The median condo that sold was on the market 34 days, down from 44, and sellers received 96.0% of their original price, up from 93.7%. The condos that did sell went faster and closer to their asking price than last year.

Coronado’s condo market includes the towers of Coronado Shores, The Landing, the Coronado Cays, and smaller buildings in the Village. This report covers all of them together, and each building has its own pricing, so ask us if you want a closer look at one in particular.

How Does Coronado Compare to San Diego County?

Coronado moved differently from the rest of the county this quarter, especially for single-family homes.

San Diego County, Q3 2026 vs. Q3 2025:

Single-family median sale price: $1,100,000 (up 5%)
Single-family closed sales: 4,037 (down 5%)
Single-family months of supply: 2.7 (was 3.7)
Condo median sale price: $651,250 (flat)
Condo closed sales: 2,000 (flat)
Condo months of supply: 4.4 (was 5.0)

Across the county, single-family sales slipped while prices rose modestly. In Coronado, single-family sales rose by almost a third and the median rose four times as fast as the county’s. Buyers at the top of the market were more active than buyers countywide.

County condo supply tightened over the year while Coronado’s rose. Coronado’s condo market is small, with 28 sales in the quarter compared with 2,000 countywide, so local supply can shift more quickly.

We follow these trends in the other coastal San Diego communities we serve, including La Jolla, Del Mar, and Rancho Santa Fe. Coronado often moves on its own schedule, which is why we report on it separately.

What Is Months of Supply, and Is Coronado a Buyer’s or Seller’s Market?

Months of supply is the number of months it would take to sell every home on the market at the current pace of sales, assuming no new listings came on. It is one of the simplest ways to gauge who has the upper hand.

A common rule of thumb says under four months favors sellers, four to six months is fairly balanced, and over six months favors buyers.

Single-family homes, 4.2 months: a balanced market that leans toward sellers. Supply fell from 5.3 months a year ago to its lowest third-quarter level since 2022.
Condos and townhomes, 6.8 months: a market that leans toward buyers. Supply rose from 6.0 months a year ago.

Coronado has carried more supply than the county throughout the past five years. Many island homes are high-value, unique properties, and they take longer to find the right buyer. So a Coronado figure that looks soft next to the county number can still be a healthy market for the island.

What Does This Mean for Coronado Buyers and Sellers?

Every property is different, but here is how we would read this quarter for a few common situations.

Single-family sellers: Demand is strong, and supply is shrinking. Even so, the median home sold slightly below its original price, so pricing well from the first day still matters.
Single-family buyers: Expect competition for the best homes, especially in the spring and summer. With prices moving quickly, a home’s sale price and its appraised value can come in at different numbers, so plan for that before you write an offer.
Condo sellers: You have more competition from other listings than you did a year ago. Pricing, presentation, and condition make the most difference in this kind of market. Even so, the median condo still sold for 96% of its original price.
Condo buyers: You have more choice and more time than single-family buyers right now. This is a good moment to compare buildings, review HOA documents carefully, and negotiate.
Owners not planning to move: Single-family values per square foot are at their highest third-quarter level since at least 2021. Condo values per square foot are up from last year but below their 2023 and 2024 levels.

Thinking About Your Next Move in Coronado?

Market numbers give a useful picture, but they cannot tell you what your own home is worth or what a particular property should cost. With so few sales each quarter, a lot depends on the street, the lot, the view, and the condition of the home.

Whitney grew up in Coronado and has spent years working both sides of transactions here as a top Coronado real estate agent. If you would like to talk through what this quarter means for you, we are happy to help. You can request a complimentary and confidential home valuation, browse our past Coronado market reports, or learn more about the Coronado real estate market.

When you are ready, contact us today. We would be glad to hear from you.