92116 Housing Market
Median List Price
$999,500
Updated August 2026
Today, the 92116 ZIP code in San Diego, CA has 52 homes for sale at a median list price of $999,500, typically selling in about 32 days.
92116 Housing Market Overview
Homes in the 92116 ZIP code carry a median list price of $999,500. That runs roughly 25.1% higher than San Diego as a whole. The median price moved from $1.3M in February to $1.3M in July, a 4.0% increase over six months. Right now 52 homes are on the market in the 92116 ZIP code. Four bedroom homes carry the highest medians at $2.4M, with one bedroom homes starting the range at $426,000.
92116 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 28% over the last six months and 6% over the past year, and selling times have improved 53% versus six months ago. At the same time, 33% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1,000K
↑ 6% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.5 months of supply
Balanced Supply52 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~32 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 53% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in 92116 Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
48%
Homeowners
52%
Renters
Homeownership is 7.5 points lower than the California average (55.5%)
522,146 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $506K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$895K)
Price Reductions
17 listings have reduced their price
33% of active listings
Average reduction: 7.0% (~$70K)
Browse 92116 Listings
Frequently Asked Questions about the 92116 Housing Market
What is the median home price in the 92116 ZIP code?
The median list price in the 92116 ZIP code is $999,500 as of August 2026, based on 52 active listings.
Is the 92116 ZIP code a buyer's market or a seller's market?
The 92116 ZIP code currently reads as a balanced market. Active inventory works out to about 3.5 months of supply at the recent sales pace.
How fast do homes sell in the 92116 ZIP code?
The average home currently for sale in the 92116 ZIP code has been on the market for 32 days.
Are home prices in the 92116 ZIP code going up or down?
The median sale price in the 92116 ZIP code is up about 5.6% compared with a year ago.
How many homes are for sale in the 92116 ZIP code?
There are 52 homes for sale in the 92116 ZIP code right now, including 9 listed within the last week.