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Market Intelligence · CA / San Diego

San Diego, CA 92121 Housing Market

The typical home value in San Diego's 92121 ZIP code is $1,050,574, down 1.4% over the past year as of September 2026. The median list price sits at $794,750, and homes spend a median of 35 days on the market.

Updated September 2026Median value$1051K

The median home value in San Diego, CA 92121 is $1.05M as of September 2026, down 1.4% 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 92121 range

$967K to $1.13M

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

-1.4% over 12 months

Typical home value in 92121 over the last 12 months: $1.07M in Sep 2025 to $1.05M in Sep 2026 (-1.4%).

Sep 2025$1.07M

Sep 2026$1.05M

The numbers

What is the 92121 housing market like?

Typical home value

$1.05M

Down1.4%YoY

Median list price

$795K

Down3.0%MoM

Days on market

35

Up12.9%MoM

Homes for sale

13

Flat0.0%MoM

Price cuts

27.2%

Up15.6%MoM

New listings

6

Up50.0%MoM

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

The outlook

92121 housing market forecast 2027

+0.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 92121 to stay roughly flat by September 2027 (up 0.3%).

Over the 12 months through September 2026, typical home values in 92121 fell 1.4%, per the Zillow Home Value Index.

Will home prices drop in 92121?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 92121 to stay roughly flat by September 2027 (up 0.3%), after a 1.4% decline 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 92121 home prices compare?

  • 92121$1,050,574
  • 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

Inventory in 92121 is thin, with 13 homes for sale and 6 new listings as of September 2026. The median list price of $794,750 is well below the typical home value of $1,050,574, which reflects a mix of smaller condos and larger homes in this ZIP. Homes are taking a median of 35 days to sell, and 27.2% of listings have taken a price cut. Values are down 1.4% over the past year, so sellers should price carefully and expect some negotiation rather than a quick bidding war.

Monthly payment

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20% · $210,115

Common questions

What people ask us.

How much is a home in 92121 worth?

The typical home value in 92121 is $1,050,574 as of September 2026, down 1.4% over the past year.

How long do homes take to sell in 92121?

Homes in 92121 spend a median of 35 days on the market as of September 2026.

How many homes are for sale in 92121?

There are 13 homes for sale in 92121 as of September 2026, with 6 new listings, and the median list price is $794,750.

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