ZIP 92123 Housing Market Report
San Diego Metro
Report period: May 2026
92123 Monthly Market Update – May 2026
ZIP 92123 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$975,000
0.0%
Median DOM (Sales)
20
−4.8%
New Listings (Sales)
12
−50.0%
Median Rent
$3,131
−0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
337
+0.6%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (18 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($2,120,000 median)
Sales Market Overview
Median Price
$975,000
0.0%
Median DOM
20
−4.8%
New Listings
12
−50.0%
Inventory
80
+5.3%
- Average Price: $941,658
- Median Price: $975,000
- Price Range: $399,000 – $2,645,000
- Price per Sq Ft (Avg/Median): $673 / $648
- Square Footage (Avg/Median): 1,413 / 1,346
- Square Footage Range: 602 – 3,463
- Days on Market (Avg/Median): 37 / 20
- Days on Market Range: 2 – 209
- New Listings: 12
- Total Listings: 80
Sales by Property Type
Condo
Avg/Median Price$707,400 / $689,000Range$399,000 – $1,444,000Price per Sq Ft$584 / $571Sq Ft1,214 / 1,169DOM44 / 24New5Total36
Multi-Family
Avg/Median Price$2,645,000 / $2,645,000Range$2,645,000 – $2,645,000Price per Sq Ft$789 / $789Sq Ft3,353 / 3,353DOM104 / 104New0Total1
Single Family
Avg/Median Price$1,098,169 / $1,050,000Range$799,000 – $2,120,000Price per Sq Ft$744 / $724Sq Ft1,535 / 1,411DOM31 / 18New7Total43
Sales by Bedroom Count
1 Beds
Avg:$399,000Median:$399,000Range:$399,000 – $399,000PSF:$663 / $663Sq Ft:602 / 602DOM:7 / 7New:1Total:1
2 Beds
Avg:$637,745Median:$620,000Range:$438,500 – $914,900PSF:$569 / $554Sq Ft:1,129 / 1,036DOM:47 / 29New:3Total:22
3 Beds
Avg:$949,102Median:$979,900Range:$538,500 – $1,249,000PSF:$751 / $746Sq Ft:1,279 / 1,307DOM:31 / 19New:6Total:37
4 Beds
Avg:$1,177,971Median:$1,099,999Range:$825,000 – $1,649,000PSF:$649 / $620Sq Ft:1,841 / 1,700DOM:36 / 15New:2Total:14
5 Beds
Avg:$1,132,469Median:$1,079,999Range:$999,990 – $1,249,999PSF:$595 / $561Sq Ft:1,922 / 1,890DOM:43 / 40New:0Total:4
8 Beds
Avg:$2,382,500Median:$2,120,000Range:$2,120,000 – $2,645,000PSF:$701 / $612Sq Ft:3,408 / 3,353DOM:66 / 28New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $399,000 | $399,000 | $399,000 – $399,000 | $663 / $663 | 602 / 602 | 7 / 7 | 1 | 1 |
| 2 Beds | $637,745 | $620,000 | $438,500 – $914,900 | $569 / $554 | 1,129 / 1,036 | 47 / 29 | 3 | 22 |
| 3 Beds | $949,102 | $979,900 | $538,500 – $1,249,000 | $751 / $746 | 1,279 / 1,307 | 31 / 19 | 6 | 37 |
| 4 Beds | $1,177,971 | $1,099,999 | $825,000 – $1,649,000 | $649 / $620 | 1,841 / 1,700 | 36 / 15 | 2 | 14 |
| 5 Beds | $1,132,469 | $1,079,999 | $999,990 – $1,249,999 | $595 / $561 | 1,922 / 1,890 | 43 / 40 | 0 | 4 |
| 8 Beds | $2,382,500 | $2,120,000 | $2,120,000 – $2,645,000 | $701 / $612 | 3,408 / 3,353 | 66 / 28 | 0 | 2 |
Rental Market Overview
Median Rent
$3,131
−0.1%
Median DOM
1
0.0%
New Listings
233
Inventory
337
+0.6%
- Average Rent: $3,235
- Median Rent: $3,131
- Rent Range: $1,600 – $8,750
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 938 / 950
- Square Footage Range: 275 – 2,600
- Days on Market (Avg/Median): 6 / 1
- Days on Market Range: 1 – 359
- New Listings: 233
- Total Listings: 337
Rentals by Property Type
Apartment
$3,085
Median DOM: 1
Inventory: 300
MoM: −0.1%
Condo
$2,895
Median DOM: 1
Inventory: 13
MoM: −0.1%
Single Family
$4,300
Median DOM: 1
Inventory: 21
MoM: −0.1%
Townhouse
$3,725
Median DOM: 1
Inventory: 3
MoM: −0.1%
Apartment
Avg/Median Rent$3,156 / $3,085Range$1,600 – $5,296Rent per Sq Ft$4 / $3Sq Ft906 / 875DOM5 / 1New219Total300
Condo
Avg/Median Rent$2,742 / $2,895Range$1,750 – $3,595Rent per Sq Ft$4 / $3Sq Ft803 / 885DOM8 / 1New9Total13
Single Family
Avg/Median Rent$4,613 / $4,300Range$2,250 – $8,750Rent per Sq Ft$3 / $3Sq Ft1,424 / 1,356DOM27 / 1New5Total21
Townhouse
Avg/Median Rent$3,608 / $3,725Range$3,200 – $3,900Rent per Sq Ft$3 / $3Sq Ft1,409 / 1,472DOM1 / 1New0Total3
Rentals by Bedroom Count
Studio
Avg:$2,434Median:$2,502Range:$1,600 – $2,919PSF:$5 / $4Sq Ft:538 / 546DOM:32 / 1New:21Total:30
1 Beds
Avg:$2,793Median:$2,795Range:$1,850 – $3,360PSF:$4 / $4Sq Ft:714 / 726DOM:3 / 1New:99Total:125
2 Beds
Avg:$3,449Median:$3,498Range:$2,150 – $4,285PSF:$3 / $3Sq Ft:1,079 / 1,082DOM:2 / 1New:92Total:135
3 Beds
Avg:$4,185Median:$3,950Range:$2,695 – $8,750PSF:$3 / $3Sq Ft:1,336 / 1,350DOM:10 / 1New:20Total:42
4 Beds
Avg:$4,950Median:$4,800Range:$4,300 – $5,750PSF:$3 / $4Sq Ft:1,530 / 1,643DOM:46 / 68New:0Total:3
5 Beds
Avg:$5,700Median:$5,700Range:$5,700 – $5,700PSF:$3 / $3Sq Ft:1,880 / 1,880DOM:54 / 54New:0Total:1
6 Beds
Avg:$6,100Median:$6,100Range:$6,100 – $6,100PSF:$2 / $2Sq Ft:2,600 / 2,600DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,434 | $2,502 | $1,600 – $2,919 | $5 / $4 | 538 / 546 | 32 / 1 | 21 | 30 |
| 1 Beds | $2,793 | $2,795 | $1,850 – $3,360 | $4 / $4 | 714 / 726 | 3 / 1 | 99 | 125 |
| 2 Beds | $3,449 | $3,498 | $2,150 – $4,285 | $3 / $3 | 1,079 / 1,082 | 2 / 1 | 92 | 135 |
| 3 Beds | $4,185 | $3,950 | $2,695 – $8,750 | $3 / $3 | 1,336 / 1,350 | 10 / 1 | 20 | 42 |
| 4 Beds | $4,950 | $4,800 | $4,300 – $5,750 | $3 / $4 | 1,530 / 1,643 | 46 / 68 | 0 | 3 |
| 5 Beds | $5,700 | $5,700 | $5,700 – $5,700 | $3 / $3 | 1,880 / 1,880 | 54 / 54 | 0 | 1 |
| 6 Beds | $6,100 | $6,100 | $6,100 – $6,100 | $2 / $2 | 2,600 / 2,600 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$959,900Median DOM:61New:8Total:54
Jan 2026
Median Price:$924,900Median DOM:29New:20Total:59
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:20New:12Total:80
6-Month Rental Trend
Dec 2025
Median Rent:$3,152Median DOM:1New:187Total:281
Jan 2026
Median Rent:$3,181Median DOM:1New:222Total:290
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:$3,131Median DOM:1New:233Total:337
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory increased.
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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