San Diego, CA 92117 Real Estate Market Report

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

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Executive Overview

As of February 2026, the real estate market in San Diego, CA (ZIP: 92117) is characterized by a median sold price of $1,199,000, reflecting the actual transaction values that are crucial for understanding market dynamics. The market appears to be experiencing mixed signals, with detached homes showing modest appreciation while attached homes are declining, suggesting a segment-specific adjustment. The median listing price stands at $1,349,450, indicating a notable gap between seller expectations and market realities, which may create pricing friction for potential buyers.

Inventory levels are elevated, providing more options for buyers, although the overall market still leans toward sellers. The median days on market is 167, indicating a slower sales velocity, which may suggest that buyers are exercising caution in their purchasing decisions. With interest rates stabilizing around 6.000%, slightly below the average origination rates for 2026, buyer activity remains moderate but cautious, contributing to the current market temperature being classified as neutral.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in San Diego, CA, around 6.000% are slightly lower than the average 2026 origination rates of 6.20% for property owners in this market.

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

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Key Findings

1. The median sold price is $1,199,000, indicating actual market transaction values that are essential for pricing strategies.

2. There is a significant gap between the median listing price of $1,349,450 and the median sold price, which may create pricing friction for buyers.

3. The median days on market is 167, suggesting a slower sales velocity and potential buyer hesitance in the current market.

4. Inventory levels are elevated, leading to more options for buyers but still reflecting a market that leans toward sellers.

5. Interest rates are stabilizing at 6.000%, which is slightly lower than the average for 2026, contributing to a moderate interest rate pressure on buyer 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.