Market Intelligence · CA / San Diego

San Diego, CA 92116 Housing Market

The typical home in San Diego's 92116 ZIP code is worth $984,779 as of September 2026, up 1.3% over the past year. The median list price stands at $1,225,750, and homes are spending a median of 36 days on market.

Updated September 2026Median value$985K

The median home value in San Diego, CA 92116 is $985K as of September 2026, up 1.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 92116 range

$906K to $1.06M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.3% over 12 months

Typical home value in 92116 over the last 12 months: $972K in Sep 2025 to $985K in Sep 2026 (+1.3%).

Sep 2025$972K

Sep 2026$985K

The numbers

What is the 92116 housing market like?

Typical home value

$985K

Up1.3%YoY

Median list price

$1.23M

Up22.7%MoM

Days on market

36

Up33.3%MoM

Homes for sale

49

Flat0.0%MoM

Price cuts

18.9%

Up0.3%MoM

New listings

28

Up16.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

92116 housing market forecast 2027

+0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 92116 to rise 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 92116 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 92116?

Zillow's forecast does not call for a drop: it expects typical home values in 92116 to rise 0.5% by September 2027, after a 1.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 92116 home prices compare?

  • 92116$984,779
  • San Diego$982,378
  • California$692,765
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (San Diego: 30 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

The 92116 housing market shows modest value growth, with the typical home value at $984,779 and up 1.3% over the past year as of September 2026. There were 49 homes for sale and 28 new listings in September 2026, giving buyers a reasonable selection. Homes are moving in a median of 36 days, and the median list price is $1,225,750. Price cuts touched 18.9% of listings, which suggests some sellers are overshooting the market. For a seller, the numbers point to a stable market where realistic pricing matters more than optimism.

Monthly payment

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20% · $196,956

Common questions

What people ask us.

How much is a home in 92116 worth?

The typical home value in 92116 is $984,779 as of September 2026, up 1.3% over the past year.

How fast are homes selling in 92116?

Homes are spending a median of 36 days on market as of September 2026, with 49 homes for sale and 28 new listings that month.

Are sellers cutting prices in 92116?

Yes, 18.9% of listings had a price cut as of September 2026, and the median list price was $1,225,750.

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