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If you’re not learning more skills while at the same time not increasing comp, you need to leave.
It for sure is but don’t let this market discourage you from finding something better. It’s tough out there but not impossible especially if you feel like your skills warrant higher pay.
Listening to your situation, I'd definitely say it's time for you to move up, even if not to another company. Growth needs to be your metric. If you don't feel like growing, in regard to your skills getting better or you learning new skills, then you should be aiming for more..
Figure out what the next step up is and gauge whether you are there or not. If you have grown in those 3 years but comp isn’t matching, time to start looking, while also being realistic, it could take a while with the job market how it is. Now would also be a great time to work towards skills/etc. if you need to.