San Diego, CA 92104 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price: $1,044,500 — Recent transaction activity centers around this level, which should be treated as the primary indicator of market value for SFR and condo sales in 92104; the gap between the median listing price: $975,000 and the median sold price suggests pricing friction where seller expectations are higher than finalized transaction levels, which may indicate negotiation-driven closings.
2. median days on market: 319 — This extended time-to-sale points to slower sales velocity and reduced liquidity relative to a typical turnover cycle, and appears to reinforce the observed spread between asking and achieved prices, slower transaction pace.
3. median price per square foot: $989 and median market rent: $2,400 — Price and rent levels together imply elevated pricing per unit area while rental rates are trending up, which supports continued price resilience for owner-occupied and investor buyers focused on longer-term appreciation.
4. market temperature: neutral with price year-over-year trend: up and interest rate pressure: moderate — The market appears balanced rather than one-sided, where modest upward price momentum coexists with stabilizing but still-elevated financing costs (current comparison shows ~6.5% vs. 5.6% earlier), creating a cautious environment that may favor buyers who negotiate on price and terms without a wholesale shift to a buyer’s market.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.