San Diego, CA 92117 Real Estate Market Report

ZIP Code: 92117
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

Note: 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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

---

Key Findings

1. The most reliable market-value signal is the median sold price: $1,139,000, which reflects recent transactions and should be treated as the primary indicator of neighborhood value and liquidity; note that the market price trend is down, which may indicate downward pressure on transaction values.

2. Transaction velocity appears slow: the median days on market is 231, suggesting extended listing-to-sale timelines and moderate selling friction that may require price concessions or targeted marketing to accelerate sales.

3. Listing versus sale context shows a gap between the median listing price of $1,297,000 and the median sold price of $1,139,000, which suggests seller expectations may be higher than recent realized values and may result in excess supply relative to sales activity if not adjusted.

4. Market fundamentals and affordability headwinds: interest rate pressure is reported as elevated, rent year-over-year trend is down, and market temperature is neutral — collectively implying constrained buyer purchasing power and a cautious decision environment for investors and owner-occupiers.

---

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.

San Diego, CA 92117 Real Estate Market Report

ZIP Code: 92117
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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

Note: 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

---

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

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

---

Key Findings

1. The neighborhood's median sold price is $500,000, which should be treated as the primary indicator of recent market value and completed transactions; sellers appear to be asking higher based on a $558,500 median listing price, suggesting pricing friction between ask and achieved sale prices.

2. The median days on market is 364 days, which indicates notably slower sales velocity and suggests relatively constrained active supply may be limiting transaction throughput rather than rapid turnover. down price momentum supports cautious expectations.

3. Valuation per area remains high on a unit basis with a median price per square foot of $567, which combined with a neutral market temperature points to a balanced pricing environment where negotiation, not bidding wars, may set final terms. neutral market temperature appears to moderate downside risk.

4. Rental fundamentals show a median market rent of $2,950 while rent year-over-year trend is down, which may soften investor cash-flow assumptions; elevated interest rate pressure (noted in market signals) further constrains immediate yield-driven activity.

---

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.