South Park Market ReportSeptember 2026
More homes for sale, and a market moving toward balance. Monthly figures for South Park from the San Diego MLS, with current mortgage rates and what they mean for buyers and sellers.
More homes for sale, and a market moving toward balance
Inventory is the story in 92102. There were 24 houses for sale at the end of September, up 33% from 18, and months of supply rose from 2.1 to 3.7. That is still a seller-leaning market, but buyers have noticeably more to choose from than a year ago.
Only five houses closed in September, so the month's $700,000 median says little. The year-to-date figure is the one to watch: $860,000, up 4.9%, with sellers getting 99.0% of original list. Fewer homes are selling, though — 58 house sales so far this year versus 77 last year.
The condo market is thin: one condo sale in September and 20 listings, or 5.4 months of supply. The year-to-date condo median is $530,000.
Where South Park moved
The full South Park numbers
Houses (detached) · ZIP 92102
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 10 | 15 | +50.0% | 122 | 120 | −1.6% |
| Pending sales | 12 | 13 | +8.3% | 80 | 63 | −21.2% |
| Closed sales | 13 | 5 | −61.5% | 77 | 58 | −24.7% |
| Median sales price | $981,000 | $700,000 | −28.6% | $819,888 | $860,000 | +4.9% |
| % of original list price received | 95.4% | 96.8% | +1.5% | 97.9% | 99.0% | +1.1% |
| Days on market until sale | 36 | 31 | −13.9% | 30 | 34 | +13.3% |
| Homes for sale (inventory) | 18 | 24 | +33.3% | — | — | — |
| Months supply of inventory | 2.1 | 3.7 | +76.2% | — | — | — |
Condos & townhomes (attached) · ZIP 92102
| Metric | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New listings | 9 | 8 | −11.1% | 68 | 71 | +4.4% |
| Pending sales | 4 | 4 | 0.0% | 36 | 33 | −8.3% |
| Closed sales | 3 | 1 | −66.7% | 35 | 27 | −22.9% |
| Median sales price | $603,750 | $508,500 | −15.8% | $522,500 | $530,000 | +1.4% |
| % of original list price received | 99.5% | 92.5% | −7.0% | 97.9% | 97.6% | −0.3% |
| Days on market until sale | 38 | 47 | +23.7% | 37 | 45 | +21.6% |
| Homes for sale (inventory) | 20 | 20 | 0.0% | — | — | — |
| Months supply of inventory | 5.5 | 5.4 | −1.8% | — | — | — |
YTD = January through September. Inventory and months of supply are end-of-month figures, so they have no year-to-date value.
South Park versus San Diego County
| Segment | Median price, YTD | % of list, YTD | Days on market, YTD | Months of supply |
|---|---|---|---|---|
| Houses · 92102 | $860,000 | 99.0% | 34 | 3.7 |
| Condos · 92102 | $530,000 | 97.6% | 45 | 5.4 |
| 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% |
|---|---|---|---|---|---|
| South Park house median, YTD | $860,000 | $688,000 | Conforming | $4,764 | $4,259 |
| South Park condo median, YTD | $530,000 | $424,000 | Conforming | $2,936 | $2,624 |
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 South Park
If you're selling
- Year to date, houses here sell at about 99% of original list. Well-priced homes still sell close to asking.
- With inventory up a third, expect buyers to compare your home with more options than last year.
- Condo sellers should price for a slower market: 5.4 months of supply.
If you're buying
- You have more choice than a year ago, and more time: houses are averaging about a month on market.
- At 7.40%, principal and interest on the year-to-date house median ($860,000) runs about $4,760 a month with 20% down.
- Condo buyers have real leverage with 5.4 months of supply.
Common questions about the South Park market
Is South Park a buyer's or seller's market right now?
In ZIP 92102, houses had 3.7 months of supply at the end of September 2026, a balanced market, and condos had 5.4 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 South Park?
In ZIP 92102, the median house price was $700,000 in September 2026 and $860,000 for the year to date (+4.9% from 2025). The condo median was $508,500 in September and $530,000 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 South 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 $860,000 is about $4,764 a month with 20% down, versus about $4,259 at last year's 6.30%. Taxes, insurance and any HOA dues are extra.
Why does this South Park report use ZIP code 92102?
South Park is split between ZIP codes 92102 and 92104. The San Diego MLS reports South Park with Golden Hill in 92102, which is used here. 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 South Park and what they mean for you.
Call (619) 518-5421Get a free home valuationRead John's South Park neighborhood guide · San Diego County market report