La Jolla Market ReportSeptember 2026
A slower, more negotiable luxury market. Monthly figures for La Jolla from the San Diego MLS, with current mortgage rates and what they mean for buyers and sellers.
A slower, more negotiable luxury market
La Jolla's house market is slower than central San Diego's. There were 93 houses for sale at the end of September — 4.3 months of supply — and the median time to sell this year is 48 days, up from 39. Sixteen houses closed in September, down from 26.
The September house median was $3,407,500, and the year-to-date median is $3,505,000, down 3.3%. Sellers are receiving 95.7% of original list price on average this year, which leaves more room to negotiate than in most of the county.
Condos are steadier. The year-to-date condo median is $1,275,000, up 4.3%, and months of supply fell to 3.5. September's $1,595,000 condo median reflects a few high-end sales, not a 54% price jump.
Where La Jolla moved
The full La Jolla numbers
Houses (detached) · ZIP 92037
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 36 | 38 | +5.6% | 401 | 337 | −16.0% |
| Pending sales | 24 | 17 | −29.2% | 210 | 199 | −5.2% |
| Closed sales | 26 | 16 | −38.5% | 208 | 191 | −8.2% |
| Median sales price | $3,747,500 | $3,407,500 | −9.1% | $3,625,000 | $3,505,000 | −3.3% |
| % of original list price received | 91.9% | 96.7% | +5.2% | 95.8% | 95.7% | −0.1% |
| Days on market until sale | 54 | 45 | −16.7% | 39 | 48 | +23.1% |
| Homes for sale (inventory) | 100 | 93 | −7.0% | — | — | — |
| Months supply of inventory | 4.4 | 4.3 | −2.3% | — | — | — |
Condos & townhomes (attached) · ZIP 92037
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 32 | 46 | +43.8% | 383 | 375 | −2.1% |
| Pending sales | 21 | 25 | +19.0% | 210 | 217 | +3.3% |
| Closed sales | 22 | 21 | −4.5% | 203 | 205 | +1.0% |
| Median sales price | $1,035,000 | $1,595,000 | +54.1% | $1,222,500 | $1,275,000 | +4.3% |
| % of original list price received | 96.0% | 97.3% | +1.4% | 96.7% | 96.4% | −0.3% |
| Days on market until sale | 45 | 33 | −26.7% | 40 | 44 | +10.0% |
| Homes for sale (inventory) | 85 | 79 | −7.1% | — | — | — |
| Months supply of inventory | 4.0 | 3.5 | −12.5% | — | — | — |
YTD = January through September. Inventory and months of supply are end-of-month figures, so they have no year-to-date value.
La Jolla versus San Diego County
| Segment | Median price, YTD | % of list, YTD | Days on market, YTD | Months of supply |
|---|---|---|---|---|
| Houses · 92037 | $3,505,000 | 95.7% | 48 | 4.3 |
| Condos · 92037 | $1,275,000 | 96.4% | 44 | 3.5 |
| 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% |
|---|---|---|---|---|---|
| La Jolla house median, YTD | $3,505,000 | $2,804,000 | Jumbo | $19,414 | $17,356 |
| La Jolla condo median, YTD | $1,275,000 | $1,020,000 | High-balance conforming | $7,062 | $6,314 |
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 La Jolla
If you're selling
- Expect a longer sale: 48 days median so far this year.
- Buyers are negotiating — the average sale is about 4% below original list. Price accurately from the start.
- Condo demand is firmer than house demand right now.
If you're buying
- With 4.3 months of supply for houses, you have room to negotiate on price and terms.
- Almost every La Jolla house purchase needs a jumbo loan (over $1,104,000 in San Diego County); get jumbo pricing early.
- Watch condo inventory: it is tighter than the house market.
Common questions about the La Jolla market
Is La Jolla a buyer's or seller's market right now?
In ZIP 92037, houses had 4.3 months of supply at the end of September 2026, a balanced market, and condos had 3.5 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 La Jolla?
In ZIP 92037, the median house price was $3,407,500 in September 2026 and $3,505,000 for the year to date (−3.3% from 2025). The condo median was $1,595,000 in September and $1,275,000 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 La Jolla?
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 $3,505,000 is about $19,414 a month with 20% down, versus about $17,356 at last year's 6.30%. Taxes, insurance and any HOA dues are extra.
Why does this La Jolla report use ZIP code 92037?
La Jolla is ZIP code 92037. 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 La Jolla and what they mean for you.
Call (619) 518-5421Get a free home valuationRead John's La Jolla neighborhood guide · San Diego County market report