San Diego, CA 92109 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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The neighborhood's representative recent sale is 1,818,000 (median sold price), which should be treated as the primary indicator of realized market value and recent transaction activity in 92109.
2. There is a notable gap between the 1,818,000 median sold price and the 2,785,000 median listing price, which may indicate pricing friction where seller expectations exceed recent transaction levels; this suggests flat price momentum rather than upward pressure.
3. Liquidity appears muted with a 319 median days on market, implying slower sales velocity and that properties may require longer marketing time to reach the 1,818,000 median sold price.
4. Market-wide indicators are mixed: the market temperature is neutral and price year-over-year trend is flat, while interest rate pressure is elevated; rents are also showing a flat year-over-year trend, which may limit upside from rental-driven demand.

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.