Point Loma San Diego real estate doesn't move quietly. The median sale price of a home here hit $1.8 million recently, up 18 percent year over year. Homes are selling in roughly 32 days. Multiple-offer situations are common. And the average price per square foot sits around $880 to $940 depending on the sub-neighborhood and whether you're looking at Loma Portal, La Playa, Liberty Station, Sunset Cliffs, or the Midway District.
None of that is new if you've been watching Point Loma. Prices have climbed nearly 80 percent over the past five years. But the dynamics in 2026 are worth paying attention to, especially with Midway Rising potentially adding 4,254 housing units and billions in development to the district over the next decade.
What You Get at Different Price Points
At the lower end, around $400,000 to $600,000, you're looking at condos and smaller attached units. A one-bedroom condo near the Yacht Club on Scott Street can start around $175,000, but that's 288 square feet. Realistic two-bedroom condos with parking and updated finishes start closer to $950,000 to $1.1 million, particularly around Loma Riviera and the Addison Street corridor.
Single-family homes in Loma Portal, where the tree-lined streets and Spanish Revival architecture draw a lot of buyers, typically range from $1.2 to $2.5 million. La Playa, the bayside neighborhood near Shelter Island with the marina access and bay views, pushes higher. And the trophy properties along Sunset Cliffs, with unobstructed ocean views, can run $4 to $7 million.
Midway Rising and What It Means for Home Values
If Midway Rising moves forward (and the current timeline points to a City Council decision by December 2026), the ripple effects on surrounding real estate could be significant. The project's 4,254 new units would increase housing supply in a market that has been chronically short on inventory. But the new arena, parks, and retail could also boost demand by making the broader Point Loma area more attractive to buyers who want walkability and entertainment options.
For existing homeowners, the construction phase means years of disruption along Sports Arena Boulevard. For investors and landlords, it means recalibrating rent comps and watching how the new affordable housing units affect the broader market. Coastal properties in Point Loma, Ocean Beach, and Pacific Beach may see "halo effects" from the revitalized district.
Working with Point Loma Real Estate Professionals
Point Loma has one of the densest concentrations of real estate agents and mortgage professionals on the peninsula. If you're buying, selling, or refinancing, the Point Loma professional services page lists local agents, brokers, and advisors. Shelter Island Capital and California Lending Company both carry strong reviews. Merchants Home Lending and ONEIL Team at United American Mortgage are other well-reviewed local options.
On the brokerage side, firms like Bragg Estates, Blueprint Realty and Mortgage, and California Lending & Realty specialize in the peninsula. Working with someone who actually lives in Point Loma and knows the difference between Loma Portal and Point Loma Heights matters when you're trying to price a home correctly or find one before it goes to multiple offers.
For a full directory of Point Loma real estate agents, lenders, and related services, browse the listings. And keep an eye on the Midway Rising story, because whatever happens with that project will shape Point Loma home values for the next 10 years.
