San Diego, CA Real Estate Market

With the market temperature rated hot at 78 out of 100 and homes sitting for a median of just 25 days, sellers are operating in a favorable environment with relatively quick listing turnover. A median asking price of $1,695,000 for single-family homes reflects strong positioning, and the current inventory of 200 active listings keeps competition among sellers at a manageable level.

Buyers entering the 92103 market should be prepared for a median asking price of $1,695,000 on single-family homes and a price per square foot of $992.22, which requires careful budgeting and financing preparation. With listings moving at a median of 25 days, there is some time to conduct due diligence, but the hot market score of 78 suggests that desirable properties are not sitting long.

The rental market in 92103 offers 498 active rental listings, with median rent at $2,545 per month, and a 3-bedroom unit asking $5,750 per month while a 4-bedroom commands $7,000 per month. Given that single-family asking prices start at $1,595,000 for 3-bedroom homes, investors should carefully model cash flow scenarios against a 6% 30-year mortgage rate to assess long-term return potential.

The current 30-year fixed mortgage rate of 6% and the 15-year fixed rate of 5.43% are important factors for buyers evaluating affordability against the median asking price of $1,695,000 in this market. Choosing between loan terms will have a meaningful impact on monthly payments, and buyers should consult with a lender to determine which structure best fits their financial goals.