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) reflects a median sold price of $1,199,000, indicating a stable market with slight downward pressure overall. The neighborhood has experienced a flat price trend, suggesting that while there is some stability, significant growth may be limited in the near term. The elevated median listing price of $1,349,000 compared to the median sold price indicates a potential gap between seller expectations and buyer willingness, which may contribute to slower sales activity.

Market conditions are characterized by elevated inventory levels, leading to a median days on market of 164. This extended period suggests a slower sales velocity, which may be influenced by moderate interest rate pressure, currently around 5.60% for 30-year fixed mortgages. Despite these challenges, the luxury segments of the market remain strong, supporting overall demand even as buyer decision-making appears to be slowing. The market temperature is currently neutral, indicating a balanced state where neither buyers nor sellers have a distinct advantage.

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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 the San Diego market around 5.60% are slightly lower than the 5.66% average observed in mid-February 2026, suggesting a minor cost advantage for new financing.

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 of $1,199,000 reflects a stable market with slight downward pressure.

2. With a median days on market of 164, the market is experiencing slower sales velocity and extended transaction times.

3. The median listing price of $1,349,000 suggests a potential gap between seller expectations and market reality, indicating pricing friction.

4. Interest rates are moderately pressuring the market, currently at 5.60%, which may contribute to moderate buyer hesitance.

5. The market temperature is neutral, indicating balanced conditions without a clear advantage for buyers or sellers.

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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.