Is San Diego, CA 92121 a buyer’s or seller’s market?
San Diego is a seller’s market. With about 3.9 months of supply and 44% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The San Diego housing market right now
In the three months ending August 31, 2026, 44% of homes in San Diego, CA 92121 sold above their list price, the typical home went under contract in 34 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 23%, homes sold more slowly (15 days then) and the median sale price held steady to $849,632. Overall, San Diego is more competitive than a year ago, so tougher for buyers.
Within San Diego County, homes here sell more slowly than in 63% of the county’s ZIP codes, and sell more often over asking than in 77%.
Nearby, buyers who want less competition could look at San Diego 92132 (0% sold over asking) or Warner Springs 92086 (0% sold over asking), while Dulzura 91917 (100% sold over asking) and Guatay 91931 (100% sold over asking) are even more competitive.
Run the numbers for 92121
Nearby markets
Alpine 91901Balanced $456 /sq ftBonita 91902Seller’s market $532 /sq ftBonsall 92003Balanced $451 /sq ftBorrego Springs 92004Buyer’s market $204 /sq ft Browse all markets →Towns like San Diego nearby
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Questions about San Diego real estate
Is San Diego a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in San Diego, CA 92121 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in San Diego?
The typical home went under contract in 34 days in the latest three months.
Do homes in San Diego sell over asking?
44% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in San Diego?
About 1.15% of a home’s value a year in San Diego County, or roughly $4,600 on a $400,000 home.
What is the median home price in San Diego?
The median sale price was $849,632 in the three months ending August 31, 2026, about $702 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology