Is the 92115 Real Estate Market Still Going Strong?

Yes, the housing market for College Area, Rolando, and Talmadge remains one of San Diego’s most active and competitive areas. Homes are selling quickly and often above asking as limited inventory keeps pressure on prices.

Between April and November 2025, homes in 92115 sold for a median price of $780,000 with a median of just 19 days on market. These are clear signs of sustained buyer demand and a market that continues to favor sellers.

Prices Continue to Rise in the 92115 Housing Market

The median sold price of $780,000 is well above the median active list price of $634,900, showing that many homes are attracting strong offers once they hit the market. The average price per square foot is now $611, up from early 2025 when typical values were in the high $500s.

How Buyer Demand Is Shaping the Market

Buyer competition remains fierce in 92115. With homes selling in under three weeks on average, most listings are receiving multiple offers. Buyers in this area often prioritize proximity to SDSU, strong rental potential, and central access to downtown and major freeways.

Melina Rissone notes that the 92115 market continues to attract a diverse pool of buyers, from first-time homeowners looking for a foothold in central San Diego to investors targeting long-term appreciation and rental demand.

Low Inventory Keeps Sellers in Control

There are currently 73 active listings across 92115 compared to 145 homes sold over the past six months. That ratio translates to roughly three months of supply, which tends to favor sellers.

When supply remains this tight, well-priced and move-in ready homes often sell within days, especially near SDSU along Montezuma Road. Buyers need to act decisively and work with an experienced agent to stay competitive in this fast-moving market.

What This Means for Buyers

If you’re planning to buy in College Area in 2026, timing and preparation are key. Melina recommends several strategies:

• Get pre-approved early. Sellers want certainty, and a pre-approval letter helps your offer stand out.

• Be flexible with terms. Shorter escrow periods or limited contingencies can make your offer more appealing.

• Look beyond the list price. With the median sold price running well above the median list price, be ready to offer competitively from the start.

• Work with a local expert. Melina’s neighborhood knowledge helps buyers find opportunities early, especially in Rolando Village and El Cerrito.

What This Means for Sellers

For homeowners, the data sends a clear message: This is still a strong time to list. With homes selling in under three weeks and prices trending upward, sellers can expect continued buyer enthusiasm into 2026.

Melina Rissone advises sellers to:

• Prepare your home thoroughly. Clean, staged properties typically sell faster and attract more offers.

• Price strategically. Pricing slightly below comparable sold homes can spark attention and bidding activity.

• Invest in professional marketing. High-quality photos and targeted online promotion are essential in today’s digital-first market.

College Area Market Segments at a Glance

• Starter homes below $700,000 remain the most competitive and often sell within two weeks.

• Mid-range homes between $700,000 and $1 million show the strongest overall activity, primarily from move-up buyers and families.

• Luxury homes above $1 million are fewer in number but continue to hold value due to their limited availability in the area.

Condos and small detached homes dominate this market, appealing to both homeowners and investors. With steady rental demand from SDSU students and professionals, property values remain well-supported in College Area.

Final Takeaway

The 92115 housing market continues to move quickly and strongly favor sellers. Median sold prices have climbed to nearly the $800,000 mark, while homes spend an average of just 19 days on the market. With limited inventory and steady buyer demand, conditions remain ideal for homeowners thinking of listing this fall or winter.

For buyers, patience and preparation are essential. While competition is intense, partnering with a top agent like Melina Rissone can make all the difference. Her deep market knowledge and negotiation experience help clients succeed in one of San Diego’s most dynamic neighborhoods.

Thinking of selling or buying a home in 92115? Reach out to Melina today to schedule a consultation or request your free, data-backed home value report tailored to your property and neighborhood.

Other Market Update Blogs:

• Is Clairemont Real Estate Still Affordable? 2025 Market Update

• Point Loma 92106 Housing Market Update

• What’s Happening in the South Park & Golden Hill Real Estate Market?

• Perfect Time to Buy or Sell in University City? Fall 2025 Market Update

Melina Rissone, Associated Real Estate Broker Coldwell Banker Global Luxury, Certified Senior Advisor (CSA) and Real Estate Collaboration Specialist – Divorce (RCS-D) in San Diego. I help people going through divorce in San Diego figure out what to do with the house—whether you're ready to sell now or just need a neutral opinion. I help seniors looking to retire in San Diego figure out what to do with the house—whether you're ready to sell now or just need a neutral opinion.

Melina Rissone

Having sold properties for more than 20 years and earning various prestigious awards throughout the course of her career, Melina Rissone has more than earned her reputation as one of San Diego's most skilled and trustworthy real estate brokers selling homes and luxury condominiums. Her loyal clientele would share that Melina brings structure and planning to chaos. She specializes in supporting her clients and their referrals; families and individuals going through divorce and seniors and active adults planning their moves and financial decisions during their retirement years.

• Coldwell Banker Global Luxury and Institute of Luxury Home Marketing certified.

• Certified Senior Advisor by the Society of Certified Senior Advisors

• RCS-D Designation, a Real Estate Collaboration Specialist for Divorce.

• SRES Certification through NAR is a Seniors Real Estate Specialist certification.

• Melina is bilingual in English and German.

• Recognized as the Top 4% of all real estate brokers in San Diego County in 2021 and the Top 3% of Coldwell Banker International.

• Coldwell Banker Presidents Elite Award.

• Recognize as the Top 2% of Coldwell Banker West in 2024.

• Coldwell Banker Global Luxury and Institute of Luxury Home Marketing Certified.

We were looking to buy a place in SD Northpark and luckily we met up with Melina to show us multiple condo. She is very friendly, personable and very professional agent. We would not hesitate to work with her again.
                                                                         -Chau N.