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

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

Key Findings

1. The neighborhood’s primary valuation indicator, the median sold price $1,802,000, confirms recent transaction-level strength and aligns with a up price year-over-year trend while the broader market temperature remains neutral.
2. The median days on market 364 points to slower sales velocity and suggests pricing friction or hold conditions; combined with a relatively constrained active supply in the analyzed sample, this appears to be limiting transactional liquidity rather than accelerating turnover.
3. The median listing price $2,395,000 sits noticeably above the median sold price, which may indicate elevated seller expectations and potential negotiation room for buyers — this spread suggests pricing friction between asking and realized values.
4. Rising financing pressure is a headwind: Current 30-year fixed mortgage rates for properties in San Diego 92109 are 6.49%, which is 0.4% higher than the 2026 low of 6.09%; at the same time median market rent $3,195 and a down rent year-over-year trend may be softening rental support for investors.

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.