Hillcrest Market ReportSeptember 2026
Condo buyers are getting more choice. Monthly figures for Hillcrest from the San Diego MLS, with current mortgage rates and what they mean for buyers and sellers.
Condo buyers are getting more choice
For Hillcrest's condo-heavy market, the headline is supply. There were 71 condos and townhomes for sale in 92103 at the end of September, up 29% from 55 a year ago, and months of supply climbed from 2.9 to 4.0. That is the most room condo buyers here have had in a while.
Prices are holding but not climbing. The September condo median was $745,000, essentially flat with last year's $749,000, and the year-to-date median is $765,000, down 4.4%. Well-priced units still move — September's condos sold in a median 25 days at 97.7% of original list — but sellers who overreach are sitting.
Houses in the ZIP, mostly in Mission Hills, are tighter: 32 for sale and 2.6 months of supply, with a year-to-date median of $1,750,000.
Where Hillcrest moved
The full Hillcrest numbers
Houses (detached) · ZIP 92103
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 26 | 27 | +3.8% | 197 | 198 | +0.5% |
| Pending sales | 10 | 13 | +30.0% | 117 | 120 | +2.6% |
| Closed sales | 11 | 11 | 0.0% | 116 | 121 | +4.3% |
| Median sales price | $2,150,000 | $1,750,000 | −18.6% | $1,737,500 | $1,750,000 | +0.7% |
| % of original list price received | 93.3% | 94.9% | +1.7% | 94.7% | 97.0% | +2.4% |
| Days on market until sale | 52 | 51 | −1.9% | 42 | 33 | −21.4% |
| Homes for sale (inventory) | 41 | 32 | −22.0% | — | — | — |
| Months supply of inventory | 3.4 | 2.6 | −23.5% | — | — | — |
Condos & townhomes (attached) · ZIP 92103
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 30 | 28 | −6.7% | 300 | 338 | +12.7% |
| Pending sales | 16 | 17 | +6.3% | 174 | 174 | 0.0% |
| Closed sales | 17 | 17 | 0.0% | 170 | 168 | −1.2% |
| Median sales price | $749,000 | $745,000 | −0.5% | $800,000 | $765,000 | −4.4% |
| % of original list price received | 95.8% | 97.7% | +2.0% | 96.9% | 97.5% | +0.6% |
| Days on market until sale | 49 | 25 | −49.0% | 41 | 36 | −12.2% |
| Homes for sale (inventory) | 55 | 71 | +29.1% | — | — | — |
| Months supply of inventory | 2.9 | 4.0 | +37.9% | — | — | — |
YTD = January through September. Inventory and months of supply are end-of-month figures, so they have no year-to-date value.
Hillcrest versus San Diego County
| Segment | Median price, YTD | % of list, YTD | Days on market, YTD | Months of supply |
|---|---|---|---|---|
| Houses · 92103 | $1,750,000 | 97.0% | 33 | 2.6 |
| Condos · 92103 | $765,000 | 97.5% | 36 | 4.0 |
| Houses · County | $1,100,000 | 98.5% | 36 | 2.4 |
| Condos · County | $665,000 | 97.5% | 44 | 4.0 |
See the San Diego County market report for the countywide trend.
What the money costs right now
Mortgage rates moved up sharply in late September. The Federal Reserve raised its benchmark rate a quarter point on September 16, to 3.75% to 4.00%, and Freddie Mac's 30-year average reached 7.40% on October 8, 2026. Compared with a year ago, that adds roughly 12% to the monthly principal and interest on the same loan.
Estimated monthly principal & interest, 20% down
| Price point | Price | Loan | Loan type | At 7.40% | At 6.30% |
|---|---|---|---|---|---|
| Hillcrest house median, YTD | $1,750,000 | $1,400,000 | Jumbo | $9,693 | $8,666 |
| Hillcrest condo median, YTD | $765,000 | $612,000 | Conforming | $4,237 | $3,788 |
Principal and interest only, 30-year fixed, 20% down. Excludes property taxes, insurance, HOA dues and mortgage insurance. Rates are national weekly averages from Freddie Mac's Primary Mortgage Market Survey, not a quote; jumbo and high-balance loans are often priced differently. Loan limits from the Federal Housing Finance Agency (FHFA), 2026.
For sellers and buyers in Hillcrest
If you're selling
- Condo sellers are competing with 71 other listings. Pricing and presentation matter more than they did a year ago.
- Units priced right are still selling in under a month at close to asking.
- Know your HOA dues, reserves and any special assessments before you list — buyers are comparing.
If you're buying
- With 4.0 months of supply, you can negotiate on price, credits or terms.
- At 7.40%, principal and interest on the condo median ($745,000) runs about $4,130 a month with 20% down, before HOA dues.
- Ask for the HOA's budget, reserve study and insurance details early; they affect both your payment and your loan.
Common questions about the Hillcrest market
Is Hillcrest a buyer's or seller's market right now?
In ZIP 92103, houses had 2.6 months of supply at the end of September 2026, a seller's market, and condos had 4.0 months, a balanced market. Months of supply measures how long current listings would last at the recent sales pace; under three months favors sellers, three to six is balanced, and over six favors buyers.
What is the median home price in Hillcrest?
In ZIP 92103, the median house price was $1,750,000 in September 2026 and $1,750,000 for the year to date (+0.7% from 2025). The condo median was $745,000 in September and $765,000 year to date. Because only a few homes sell each month, the year-to-date median is the more reliable guide.
How much is the monthly payment on a median-priced home in Hillcrest?
At the October 8, 2026 Freddie Mac average of 7.40% for a 30-year fixed loan, principal and interest on the year-to-date house median of $1,750,000 is about $9,693 a month with 20% down, versus about $8,666 at last year's 6.30%. Taxes, insurance and any HOA dues are extra.
Why does this Hillcrest report use ZIP code 92103?
Hillcrest shares ZIP code 92103 with Mission Hills, so these figures cover both neighborhoods. Most of the ZIP's condominiums are in Hillcrest; most of its single-family houses are in Mission Hills. The San Diego MLS publishes its monthly market updates by ZIP code, which keeps the numbers consistent from month to month. For a closer read on a specific street, John can pull recent sales directly from the MLS.
What does this mean for your home?
ZIP-level numbers can't price a specific house. John can walk you through recent sales on your street in Hillcrest and what they mean for you.
Call (619) 518-5421Get a free home valuationRead John's Hillcrest neighborhood guide · San Diego County market report