How the 92104 Housing Market Is Shaping Up This August in North Park
Is 92104 (North Park) leaning toward buyers or sellers right now… and what does that mean for your next move? Over the last 90 days, 92104 is tilting seller‑friendly: median sale price $765,000, median 14 days on market, 41% of homes closing above asking, and about 2.5 months of supply. Inventory is rising modestly, so the best‑priced homes still move fast, while over‑reaching lists sit.
What the Latest Numbers Say for 92104 Homes
You asked for the bottom line on 92104 homes. Here’s the most current snapshot from closed, pending, and active listings through August 2025:
Last 90 days (closed sales): Median sale $765,000, median list $783,500, median $767/sq ft, and 14 days on market. 41% sold over asking, and the median sale‑to‑list ratio is right at 100%.
Last 30 days: Median sale $750,000, 14 days on market, and 44% over asking.
Last full month (July 2025): Median sale $640,000 with 17 days on market; 33% over asking. July skewed toward lower‑priced/attached homes, which pulled the median down.
Three‑month smoothing: The 3‑month rolling median through July sits at $816,500, a clearer read than July’s dip alone.
Active inventory: 55 homes on the market with a median list of $899,000 (about $806/sq ft).
Absorption & months of supply: At roughly 22 closings per month (66 sales in 90 days), inventory equals ~2.5 months of supply (2.2 months if you look only at the past month’s pace). That’s seller‑tilting, but not overheated.
Pipeline: 19 homes are pending at a median list around $829,000, spending about 14 days on market before accepting an offer.
Is It a Buyer’s or Seller’s Market?
Short answer: Sellers have the edge, but only when pricing is disciplined.
With about 2.5 months of supply, North Park leans seller‑friendly. Well‑presented homes listed within the recent comp range are seeing solid traffic and multiple offers. The tell: 41% of the last‑90‑day sales closed above asking, and the typical sale hit 100% of list. Aim too high, and days on market stretch.
If you’re buying, that 2.5‑month reading is your cue that good options are appearing, but the best ones still go quickly. If you’re selling, this is your window to capture peak interest with a sound strategy. If you want a data‑backed pricing or offer plan, Melina Rissone, a top San Diego real estate agent, can translate these numbers into an action plan specific to your property and timing.
Prices: A July Downshift, But the Trend Is Smoother
July’s median sale ($640,000) fell 21.6% from June’s median, but that headline drop is mostly about the mix of homes: July saw a higher share of lower‑priced attached closings. The 3‑month rolling median at $816,500 removes some of that noise and shows a gradual late‑spring / early‑summer cooldown.
Here’s how the last three full months looked by median sold price:
May: ~$920,000
June: ~$816,500
July: ~$640,000 (mix‑driven)
Takeaway: Expect selective strength. Updated, well‑located homes still pull strong results; value‑oriented listings drive volume and pull the median down when they bunch up in a given month.
Buyer Demand & Competition
Speed: The typical 92104 home is going pending in about two weeks.
Above asking: 41% of recent sales beat list price (44% in the last 30 days). The rest mostly land at or just under ask—another sign that accurate pricing wins.
Offer playbook: Terms matter. Short contingencies and clean financing can make a mid‑pack price win in multiple‑offer situations.
Want a second set of eyes on your offer? Melina Rissone regularly structures offers in North Park to compete on terms without overpaying.
Seller Supply: Inventory and New Listings
Inventory: 55 active listings, with a median list of $899,000. That’s enough choice to give buyers options, but not so much that sellers lose leverage.
New listings: 29 hit the market in the last 30 days at a higher median list ($998,000). Fresh inventory is testing the top of the range, which is why some properties are getting quick traction while others sit.
What moves: Homes that are priced within the last 90 days of comps and show well still attract multiple offers; over‑ambitious pricing tends to stall at the 2–3 week mark.
Segment Insights: Single‑Family vs. Condos/Townhomes
Detached (single‑family): Median sale $1,207,500, about $1,060/sq ft, with ~12 days on market in the last 90 days. Roughly 43% sold over ask.
Condos (attached): Median sale $583,000, about $689/sq ft, with ~17 days on market. About 34% sold over ask.
Townhomes: Only 4 closed in the last 90 days, too few for firm conclusions. Expect behavior more like condos on price per foot, with more single‑family‑like timelines when product is scarce.
What this means for you: If you’re selling a detached home, buyers are paying a premium for move‑in‑ready. If you’re after a condo, the spread between asking and closing is tighter, so plan to bid decisively on the best units and be patient on the rest.
Price Tiers: Starter, Mid‑Range, and Higher-End
Looking at the last 90 days of closings, here’s how the market behaves by tier:
Starter (≤ $625,000): 37 days on market. Only 23% sold over asking; affordability matters, and condition/HOA dues can tip the scale.
Mid‑Range ($625,000–$1M): 17 days on market. 48% sold over ask; this is the sweet spot for demand.
Higher-End (>$1M): Just 10 days on market. 52% closed over ask; the best‑in‑class homes win bidding.
If you’re positioning your property, pricing at the inflection point of your tier can maximize interest without leaving money on the table. As a top San Diego real estate agent, Melina Rissone maps these thresholds in detail before launch.
Practical Tips for Buyers and Sellers
For buyers:
Get real on comps: Anchor on the last 90 days within your micro‑location and property type. The median sale‑to‑list ratio is ~100%, so plan your budget accordingly.
Win on terms: Pre‑underwrite your loan; consider shorter inspection timelines and tight appraisal language (used judiciously). Melina Rissone can calibrate terms so you stay protected.
Target within tiers: If you’re shopping near $1M+, be ready for 10‑day timelines; in the starter tier, look for stale listings with price‑cut signals.
For sellers:
Price to the bracket: If most comps cluster in the $740–$780k band, a $799k list can be a show‑stopper; a $839k list may sit. Your first 10 days are everything.
Dial in presentation: Fresh paint, lighting, and landscaping can be the difference between at‑ask and over‑ask in North Park.
Leverage timing: With 2.5 months of supply, launching into a week with minimal direct comps can net you extra showings. Melina Rissone watches that calendar so you don’t have to.
Final Takeaway
92104 remains seller‑leaning but selective. The best‑prepared, well‑priced homes still draw quick offers—often at or above asking—while stretched price points risk going stale after two weeks. Use rolling medians and latest comps to see through monthly noise, and align price, condition, and terms with your tier.
As you plan your move, Melina Rissone can translate these numbers into a property‑specific strategy, so you can act confidently in a market that rewards precision. Looking for a custom game plan? Schedule a call with Melina to discuss timing, pricing, and strategy—or request a free, data‑backed market value report for your North Park home.
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
Cartus Network Inventory Specialist and Cartus Network Marketing Specialist since 2015.
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.
If you're looking for a top San Diego Realtor, Melina Rissone is the best agent you will find. She is a professional real estate agent in Bankers Hill who is dedicated to getting her clients the absolute best results. Melina is responsive and super knowledgeable, and her communication skills are top-notch. If you are thinking of selling a home in San Diego or moving to San Diego, I highly recommend Melina
-Leigh Ann P.
