Is Now a Good Time to Buy in 92116? August 2025 Market Update

What’s really happening in 92116 right now? If you’re planning to buy or sell this fall, the data shows a market that’s both active and fast-moving, but with more inventory than earlier this year.

Here’s the quick snapshot: There are 56 homes currently for sale in 92116, which translates to about 2.6 months of supply. Even with that growing choice for buyers, homes are still moving quickly. The median sold price is $969,000, and more than half of all recent sales found a buyer in less than two weeks.

Are Prices Rising or Cooling?
Speed of Sales and Competition
Inventory, Absorption, and What That Means for You
Price Tiers: Starter, Median, Luxury
92116 Homes: What’s Winning Offers Right Now
How 92116 Compares to Your Expectations

Are Prices Rising or Cooling?

Short answer: prices are mixed, with a small recent softening after a jumpy summer.

The 3‑month rolling median for 92116 rests around $985,000 in August, down from roughly $1.10M earlier this summer.
Month-to-month readings can swing in small sample sizes, which is why the rolling median matters. It smooths noise and gives you a steadier trend line.
Active listings are currently skewed higher in price than recent sales. That tells you many sellers are still testing upper price brackets, while sold prices reflect where buyers are actually transacting.

If you’re selling, the spread between active list medians and closed medians is your cue to price into the lane where buyers are writing offers right now. Melina Rissone helps clients pinpoint that lane with a heads-up display of recent 92116 comps and on‑market competition.

Speed of Sales and Competition

Speed is the purest signal of demand. In 92116:

Median DOM is 13 days.
52% of closed sales in the dataset went under contract within 14 days.
Based on price‑per‑square‑foot comparisons where both list and sold data were available, roughly 22% of homes sold above list. This isn’t the spring frenzy, but it’s still competitive for well‑priced, well‑presented homes.

For you as a buyer, that means tour fast, be offer-ready, and plan for decisive terms on homes that check your boxes. Melina Rissone, a top San Diego real estate agent, coaches clients on when to lean in and when to hold back.

Inventory, Absorption, and What That Means for You

Active inventory: 56
Monthly sales pace: ~22 closings over the last 30 days
Months of supply: ~2.6

In plain English, at the current sales pace it would take about two and a half months to sell through everything on the market. In San Diego terms, that’s tilted toward sellers but far from a runaway market. You can negotiate on condition, credits, or timing when a listing sits longer than two weeks or shows measurable pricing gaps to the most recent comp set.

If you’re listing soon, treat the first 10–14 days as critical. That’s when your pricing and presentation earn their keep.

Price Tiers: Starter, Median, Luxury

Mapping 92116 sold prices into tiers helps you set expectations:

Starter tier (≈ bottom 25%): up to $617,500
Median: around $969,000
Luxury threshold (≈ top 25%): $1.545M+

Interesting twist: DOM drops as price rises in this dataset. Median DOM is about 24 days in the starter tier, 13 days around the lower‑mid, and near 10–11 days in the upper‑mid and luxury bands. In other words, well‑finished, move‑in‑ready homes at higher price points are still drawing fast, motivated buyers.

92116 Homes: What’s Winning Offers Right Now

Your strategy should mirror how buyers are behaving today:

If you’re buying:

Get fully underwritten before you tour. With half of homes moving in under two weeks, you want no financing surprises.
Write clean, not reckless. Shorter investigation periods and strong communication can beat a slightly higher price with messy terms.
Target homes that cross 14 DOM. Leverage that timing to negotiate credits or price improvement if the listing is misaligned with comps.
Mind the spread. Remember that active medians skew higher than recent sold medians. Use that to your advantage on properties that need updates.

If you’re selling:

Price to the market, not around it. Anchor to the recent $969,000 median and adjust for size, finish, and yard/parking.
Win the first two weekends. Fresh paint, light landscaping, and pro photography/video make measurable differences in 92116.
Watch your micro‑comp set. If three similar homes nearby go pending in under 10 days, your list price should speak the same language.
Plan your “Day 10” move. If you miss early activity, have a specific adjustment ready rather than waiting out a stale week.

If you’d like a quick, no‑pressure strategy session tailored to your budget or address, Melina Rissone can walk you through the playbook she uses with buyers and sellers in 92116.

How 92116 Compares to Your Expectations

If you expected everything to sell over asking in a weekend, today’s market is more nuanced. Only about one in five sales, where comparable list data is available, closed above list. Yet speed remains strong, and the months of supply suggests sellers still have the edge when their homes are priced and presented for this month’s buyers.

Put simply: you can absolutely still win in 92116, whether you’re buying or selling, if your strategy matches what the data shows today.

Final Takeaway

The 92116 market in August 2025 is active, quick, and slightly seller‑leaning, with 56 homes on the market and roughly 2.6 months of supply. The median sold price sits near $969,000, and over half of homes go under contract within two weeks. Your best move is to align pricing and terms with current comps and be decisive during the first 10–14 days on market. For a sharper edge, let Melina Rissone translate these numbers to your specific street, home style, and timing.

Schedule a quick consult with Melina Rissone, a top San Diego real estate agent, to tailor a plan for your goals in 92116. If you’re selling, ask for a free, data‑backed market value report for your property and a one‑page action plan to capture strong offers this month.

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.

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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.