ZIP 92103 Housing Market & Real Estate Update (February 22, 2026)
92103 – February 22, 2026 – ZIP 92103 (San Diego) snapshot: prices around $1.3M, slower pace, and mortgage rates easing near 6.01% this week.
ZIP 92103 (San Diego, CA) is heading into late February with prices still firmly in the $1M+ range, but with a slower pace than last year. Redfin’s January 2026 snapshot shows a median sale price of $1,325,000 and homes selling in about 54 days on average, while closed sales were notably lower year-over-year.
Top takeaways
- High prices, mixed signals: Redfin shows a $1.325M median sale price (Jan 2026), while price per sq ft is down year-over-year.
- Buyers appear less rushed: days on market are a bit longer and the number of homes sold is down versus last year.
- Rates are giving some breathing room: Freddie Mac’s weekly average 30-year fixed rate was 6.01% (as of 02/19/2026).
Market snapshot (ZIP 92103)
Prices: Redfin reports a $1,325,000 median sale price for January 2026 (up 8.8% year-over-year). The median sale price per square foot was $735 (down 8.5% year-over-year). Realtor.com’s ZIP-level market summary for December 2025 shows a median home value around $1,297,000 and $770 per square foot.
Inventory and sales: Active inventory is roughly in the 100–130 listing range across major portals depending on timing. On the demand side, Redfin shows 73 homes sold in January 2026 (down from last year), and homes are taking about the mid-50-day range to go pending/close.
Rentals: Recent ZIP-level snapshots put typical asking rents roughly in the high-$2,000s to low-$3,000s per month range, with only small month-to-month movement in the latest reads.
What we’re watching next
If rates keep drifting lower, the next question is whether buyer activity rebounds into spring or whether inventory stays elevated and properties simply take longer to clear. For sellers, the slower pace usually rewards sharp pricing and clean presentation (inspection-ready repairs, fresh paint, and clear disclosures). For buyers, longer marketing times can mean more room to negotiate, especially on homes that need updates.
What’s for sale nearby (no addresses)
Today’s active mix in 92103 spans condos through larger single-family homes. A few examples currently showing on major listing portals:
- Entry-level 1-bedroom condos around the high-$500Ks.
- 2-bedroom condos roughly in the $700K to around $1.0M range, depending on size, parking, and building amenities.
- Single-family homes in prime pockets commonly list from about the high-$1.7Ms into the $2M+ range.
Sources
https://www.redfin.com/zipcode/92103/housing-market
https://www.redfin.com/zipcode/92103
https://www.realtor.com/local/market/california/zipcode-92103
https://www.realtor.com/realestateandhomes-search/92103
https://www.freddiemac.com/pmms
https://zillow.industry-data-nonprod.zg-int.net/home-values/96645/san-diego-ca-92103/
What are you seeing right now in 92103: more price cuts, more bidding wars, or more buyers waiting on rates?