ZIP 92123 Housing Market Report

San Diego Metro

Report period: July 2026

92123 Monthly Market Update – July 2026

ZIP 92123 · Last updated Jul 12, 2026 · Data range Feb 2026 – Jul 2026

Executive Snapshot

Median Sale Price
$899,000
−7.8%
Median DOM (Sales)
26
+4.0%
New Listings (Sales)
9
−62.5%
Median Rent
$3,228
+3.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
406
−0.2%

Month-over-Month Movement

Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.

What's Moving Fastest

  • Fastest selling: Townhouse (6 DOM)
  • Fastest renting: Apartment (1 DOM)
  • Strongest bedroom: 5 Beds ($1,199,000 median)

Sales Market Overview

Median Price
$899,000
−7.8%
Median DOM
26
+4.0%
New Listings
9
−62.5%
Inventory
76
+4.1%
  • Average Price: $856,127
  • Median Price: $899,000
  • Price Range: $389,000 – $1,649,000
  • Price per Sq Ft (Avg/Median): $643 / $619
  • Square Footage (Avg/Median): 1,335 / 1,344
  • Square Footage Range: 602 – 2,789
  • Days on Market (Avg/Median): 43 / 26
  • Days on Market Range: 2 – 219
  • New Listings: 9
  • Total Listings: 76

Sales by Property Type

Condo
Avg/Median Price$663,958 / $640,000Range$389,000 – $999,000Price per Sq Ft$574 / $561Sq Ft1,158 / 1,096DOM50 / 33New5Total36
Single Family
Avg/Median Price$1,080,255 / $1,050,000Range$825,000 – $1,649,000Price per Sq Ft$726 / $688Sq Ft1,539 / 1,450DOM40 / 25New2Total36
Townhouse
Avg/Median Price$568,500 / $525,000Range$475,000 – $699,000Price per Sq Ft$530 / $519Sq Ft1,087 / 977DOM10 / 6New2Total4

Sales by Bedroom Count

1 Beds
Avg:$402,000Median:$389,000Range:$389,000 – $415,000PSF:$627 / $609Sq Ft:642 / 602DOM:61 / 54New:0Total:2
2 Beds
Avg:$596,343Median:$564,900Range:$429,000 – $899,000PSF:$564 / $554Sq Ft:1,057 / 1,008DOM:51 / 22New:2Total:21
3 Beds
Avg:$916,262Median:$975,000Range:$539,000 – $1,179,000PSF:$703 / $688Sq Ft:1,319 / 1,346DOM:37 / 25New:6Total:37
4 Beds
Avg:$1,106,761Median:$1,099,999Range:$640,000 – $1,649,000PSF:$615 / $591Sq Ft:1,804 / 1,688DOM:44 / 31New:1Total:13
5 Beds
Avg:$1,149,629Median:$1,199,000Range:$1,050,000 – $1,199,888PSF:$605 / $576Sq Ft:1,909 / 1,824DOM:42 / 44New:0Total:3

Rental Market Overview

Median Rent
$3,228
+3.0%
Median DOM
1
0.0%
New Listings
256
Inventory
406
−0.2%
  • Average Rent: $3,308
  • Median Rent: $3,228
  • Rent Range: $1,600 – $6,100
  • Rent per Sq Ft (Avg/Median): $4 / $4
  • Square Footage (Avg/Median): 951 / 931
  • Square Footage Range: 300 – 2,600
  • Days on Market (Avg/Median): 5 / 1
  • Days on Market Range: 1 – 328
  • New Listings: 256
  • Total Listings: 406

Rentals by Property Type

Apartment
$3,150
Median DOM: 1
Inventory: 361
MoM: +3.0%
Condo
$2,695
Median DOM: 1
Inventory: 19
MoM: +3.0%
Single Family
$4,750
Median DOM: 13
Inventory: 19
MoM: +3.0%
Townhouse
$3,500
Median DOM: 1
Inventory: 7
MoM: +3.0%
Apartment
Avg/Median Rent$3,261 / $3,150Range$1,725 – $5,296Rent per Sq Ft$4 / $4Sq Ft918 / 905DOM3 / 1New244Total361
Condo
Avg/Median Rent$2,690 / $2,695Range$1,600 – $3,695Rent per Sq Ft$3 / $3Sq Ft879 / 912DOM12 / 1New6Total19
Single Family
Avg/Median Rent$4,593 / $4,750Range$2,295 – $6,100Rent per Sq Ft$3 / $3Sq Ft1,461 / 1,488DOM36 / 13New3Total19
Townhouse
Avg/Median Rent$3,920 / $3,500Range$3,295 – $4,800Rent per Sq Ft$3 / $3Sq Ft1,506 / 1,438DOM6 / 1New3Total7

Rentals by Bedroom Count

Studio
Avg:$2,393Median:$2,455Range:$1,700 – $2,935PSF:$5 / $4Sq Ft:531 / 532DOM:33 / 1New:11Total:25
1 Beds
Avg:$2,740Median:$2,764Range:$1,600 – $3,506PSF:$4 / $4Sq Ft:720 / 728DOM:1 / 1New:100Total:150
2 Beds
Avg:$3,614Median:$3,690Range:$2,155 – $4,612PSF:$3 / $3Sq Ft:1,075 / 1,094DOM:2 / 1New:128Total:184
3 Beds
Avg:$4,178Median:$4,030Range:$2,700 – $5,700PSF:$3 / $3Sq Ft:1,317 / 1,331DOM:16 / 1New:15Total:36
4 Beds
Avg:$5,009Median:$4,800Range:$4,450 – $5,900PSF:$3 / $3Sq Ft:1,719 / 1,688DOM:8 / 1New:2Total:9
5 Beds
Avg:$5,700Median:$5,700Range:$5,700 – $5,700PSF:$3 / $3Sq Ft:1,880 / 1,880DOM:83 / 83New:0Total:1
6 Beds
Avg:$6,100Median:$6,100Range:$6,100 – $6,100PSF:$2 / $2Sq Ft:2,600 / 2,600DOM:1 / 1New:0Total:1

6-Month Sales Trend

Feb 2026
Median Price:$949,900Median DOM:27New:16Total:60
Mar 2026
Median Price:$985,000Median DOM:19New:30Total:66
Apr 2026
Median Price:$975,000Median DOM:21New:24Total:76
May 2026
Median Price:$975,000Median DOM:28New:23Total:79
Jun 2026
Median Price:$974,950Median DOM:25New:24Total:73
Jul 2026
Median Price:$899,000Median DOM:26New:9Total:76

6-Month Rental Trend

Feb 2026
Median Rent:$3,191Median DOM:1New:240Total:339
Mar 2026
Median Rent:$3,260Median DOM:1New:226Total:324
Apr 2026
Median Rent:$3,133Median DOM:1New:237Total:335
May 2026
Median Rent:$3,170Median DOM:1New:278Total:368
Jun 2026
Median Rent:$3,135Median DOM:1New:287Total:407
Jul 2026
Median Rent:$3,228Median DOM:1New:256Total:406

Key Market Takeaways

Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory tightened.

Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.

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