North Park Market ReportSeptember 2026
Houses are selling above asking again. Monthly figures for North Park from the San Diego MLS, with current mortgage rates and what they mean for buyers and sellers.
Houses are selling above asking again
North Park houses had a strong September. Fourteen closed, at a median of $1,147,500 — up 14.8% from last September — and buyers paid 103.9% of original list price. Median time on market fell from 48 days to 21.
Supply is the reason. Only 24 houses were for sale at month's end, down 17%, which is 2.0 months of supply. Over the whole year the picture is calmer: the year-to-date house median is $1,120,000, down 4.3%, on 106 sales, so September's jump says more about competition for the homes available than a new price level.
Condos are cooling. Pending condo sales fell 38.9% in September, the year-to-date condo median is $555,000, down 8.6%, and months of supply rose to 3.1.
Where North Park moved
The full North Park numbers
Houses (detached) · ZIP 92104
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 25 | 17 | −32.0% | 172 | 179 | +4.1% |
| Pending sales | 11 | 15 | +36.4% | 96 | 111 | +15.6% |
| Closed sales | 12 | 14 | +16.7% | 92 | 106 | +15.2% |
| Median sales price | $1,000,000 | $1,147,500 | +14.8% | $1,170,000 | $1,120,000 | −4.3% |
| % of original list price received | 95.7% | 103.9% | +8.6% | 99.0% | 99.6% | +0.6% |
| Days on market until sale | 48 | 21 | −56.2% | 27 | 26 | −3.7% |
| Homes for sale (inventory) | 29 | 24 | −17.2% | — | — | — |
| Months supply of inventory | 2.8 | 2.0 | −28.6% | — | — | — |
Condos & townhomes (attached) · ZIP 92104
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 21 | 15 | −28.6% | 191 | 191 | 0.0% |
| Pending sales | 18 | 11 | −38.9% | 107 | 92 | −14.0% |
| Closed sales | 12 | 10 | −16.7% | 96 | 87 | −9.4% |
| Median sales price | $570,000 | $599,000 | +5.1% | $607,500 | $555,000 | −8.6% |
| % of original list price received | 96.5% | 93.4% | −3.2% | 97.7% | 97.6% | −0.1% |
| Days on market until sale | 53 | 44 | −17.0% | 45 | 28 | −37.8% |
| Homes for sale (inventory) | 31 | 32 | +3.2% | — | — | — |
| Months supply of inventory | 2.6 | 3.1 | +19.2% | — | — | — |
YTD = January through September. Inventory and months of supply are end-of-month figures, so they have no year-to-date value.
North Park versus San Diego County
| Segment | Median price, YTD | % of list, YTD | Days on market, YTD | Months of supply |
|---|---|---|---|---|
| Houses · 92104 | $1,120,000 | 99.6% | 26 | 2.0 |
| Condos · 92104 | $555,000 | 97.6% | 28 | 3.1 |
| 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% |
|---|---|---|---|---|---|
| North Park house median, YTD | $1,120,000 | $896,000 | High-balance conforming | $6,204 | $5,546 |
| North Park condo median, YTD | $555,000 | $444,000 | Conforming | $3,074 | $2,748 |
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 North Park
If you're selling
- House sellers are in a strong position: 2.0 months of supply and offers above list in September.
- Even so, the year-to-date median is down 4.3% — price to recent comparable sales, not to September's best result.
- Condo sellers face softer demand; pricing sharply matters.
If you're buying
- For houses, be ready to move quickly: September's buyers paid above list on average.
- At 7.40%, principal and interest on the house median runs about $6,360 a month with 20% down.
- Condo buyers have more leverage than house buyers right now, with prices down from last year.
Common questions about the North Park market
Is North Park a buyer's or seller's market right now?
In ZIP 92104, houses had 2.0 months of supply at the end of September 2026, a seller's market, and condos had 3.1 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 North Park?
In ZIP 92104, the median house price was $1,147,500 in September 2026 and $1,120,000 for the year to date (−4.3% from 2025). The condo median was $599,000 in September and $555,000 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 North Park?
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 $1,120,000 is about $6,204 a month with 20% down, versus about $5,546 at last year's 6.30%. Taxes, insurance and any HOA dues are extra.
Why does this North Park report use ZIP code 92104?
North Park is mostly ZIP code 92104; its northern blocks fall in 92116. These figures use 92104. 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 North Park and what they mean for you.
Call (619) 518-5421Get a free home valuationRead John's North Park neighborhood guide · San Diego County market report