San Diego, CA 92117 Real Estate Market Report

ZIP Code: 92117
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in San Diego, CA (ZIP: 92117) currently stands at $1,179,000, reflecting a market that has experienced a recalibration towards stability. The neighborhood has decreased 8% since 2022, indicating a shift from previous frenzied conditions to a more balanced environment. This adjustment may provide buyers with increased negotiation opportunities, as the market appears to be moving away from the extreme highs seen in prior years.

Transaction activity shows moderate sales velocity, with a median days on market of 213 days, suggesting slower movement in the market. Elevated inventory levels are present, which may indicate excess supply relative to sales activity. This environment fosters a more cautious approach from both buyers and sellers, as they navigate the current market dynamics.

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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.

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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.

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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.

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Property Taxes

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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.

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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.

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Key Findings

1. The median listing price is $1,325,000, which suggests a significant gap between seller expectations and actual market performance.

2. The median days on market is 213, indicating a slower sales velocity and potential pricing friction for sellers.

3. The median market rent is $3,530, which may influence buyer decisions as rental prices also reflect a down trend.

4. The market temperature is currently neutral, suggesting balanced conditions without strong upward or downward pressure.

5. Interest rate pressure is assessed as moderate, which may impact buyer affordability and overall market activity.

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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.