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Market Intelligence · CA / San Diego

San Diego, CA 92123 Housing Market

The typical home in San Diego's 92123 is worth $944,353, up 1.0% over the past year as of September 2026. Sellers are listing at a median of $949,950, and homes are spending a median of 39 days on the market.

Updated September 2026Median value$944K

The median home value in San Diego, CA 92123 is $944K as of September 2026, up 1.0% 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 92123 range

$869K to $1.02M

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

+1.0% over 12 months

Typical home value in 92123 over the last 12 months: $935K in Sep 2025 to $944K in Sep 2026 (+1.0%).

Sep 2025$935K

Sep 2026$944K

The numbers

What is the 92123 housing market like?

Typical home value

$944K

Up1.0%YoY

Median list price

$950K

Down0.5%MoM

Days on market

39

Up5.4%MoM

Homes for sale

42

Up10.5%MoM

Price cuts

31.9%

Up78.1%MoM

New listings

16

Flat0.0%MoM

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

The outlook

92123 housing market forecast 2027

+0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 92123 to stay roughly flat by September 2027 (up 0.4%).

Over the 12 months through September 2026, typical home values in 92123 rose 1.0%, per the Zillow Home Value Index.

Will home prices drop in 92123?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 92123 to stay roughly flat by September 2027 (up 0.4%), after a 1.0% 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 92123 home prices compare?

  • 92123$944,353
  • 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

There were 42 homes for sale in 92123 as of September 2026, with 16 new listings coming on that month. The median list price sits at $949,950, just above the typical home value of $944,353. Homes are taking a median of 39 days to go under contract, and 31.9% of listings have taken a price cut. That share of reductions, paired with values up only 1.0% over the past year, suggests buyers have some room to negotiate. Sellers should price carefully from the start rather than testing the top of the market.

Monthly payment

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20% · $188,871

Common questions

What people ask us.

How much is a home in 92123 worth?

The typical home value in 92123 is $944,353 as of September 2026, up 1.0% over the past year. The median list price is $949,950.

How fast are homes selling in 92123?

Homes in 92123 spent a median of 39 days on the market as of September 2026.

Are sellers cutting prices in 92123?

Yes. As of September 2026, 31.9% of listings in 92123 had a price cut, with 42 homes for sale and 16 new listings that month.

Discover

Nearby ZIP markets.

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Guides for sellers.