Is the Mission Valley Real Estate Market Cooling Down or Heating Up?

The Mission Valley (92108) housing market is leaning toward buyers this fall, with rising inventory, longer days on market, and homes often selling below their initial list price. According to top San Diego real estate agent Melina Rissone, the current conditions mean buyers have more negotiating power than in recent memory.

This shift is especially noticeable compared to the competitive environment of just a couple of years ago, when multiple offers and bidding wars were the norm. Today, buyers can explore a wider selection of Mission Valley homes, take more time in their decision-making, and negotiate for seller concessions that were rarely on the table during the peak of the seller’s market.

Home Prices in Mission Valley

The median sale price for homes in 92108 is currently $604,500, based on recently closed transactions. That’s below the median list price of active homes at $650,000, showing that sellers are aiming high, but buyers are negotiating lower. For perspective, entry-level condos in Mission Valley are trading around $400,000, while luxury properties are averaging just over $1,000,000.

If you’re a buyer, this spread means there are still good entry points in the market, especially compared to pricier San Diego neighborhoods. For sellers, pricing strategy matters more than ever. As a seasoned San Diego Realtor with over 20 years of experience, Melina Rissone advises her clients to align closely with recent comparable sales to avoid sitting too long on the market.

Meanwhile, prices per square foot are holding steady, with closed sales averaging $620 per square foot. Older units will typically trend lower than this figure, while condos with recent renovations or desirable amenities will end up higher.

Days on Market & Buyer Demand

The median days on market (DOM) for sold homes is 28 days. This figure is slightly lower than in some nearby neighborhoods, but it’s clear that homes are not flying off the shelves the way they did during the peak seller’s market of 2021–22. Roughly half of Mission Valley homes are still selling above asking, but the other half are either meeting or reducing their price to attract buyers.

This balance indicates that well-prepared homes (staged, priced right, and marketed effectively) can still generate strong demand. However, the days of blanket bidding wars across every listing have cooled.

Inventory and Market Balance

Mission Valley currently has 104 active listings, which is significantly more than we’ve seen in recent fall seasons. With only about 14% of inventory selling each month, the area now has almost seven months of supply on the market. In practical terms, that’s the threshold where conditions lean toward a buyer’s market.

For buyers, this means more options, less urgency, and the ability to negotiate concessions. For sellers, it’s a reminder that competition is stiff… and that professional marketing and strategic pricing are crucial to stand out. To help her sellers secure top offers even in a crowded market, Melina Rissone often recommends pre-listing improvements and targeted exposure strategies.

Mission Valley Market Segments

Breaking Mission Valley’s market into three price tiers shows how differently each segment is performing:

Starter homes (<$425K): These remain competitive, as first-time buyers and investors target affordable condos. They typically receive quicker offers and see stronger competition.
Mid-range ($425K–$800K): This is the largest segment in Mission Valley, with plenty of inventory and moderate buyer demand. Sellers here face the most pricing pressure.

Luxury (>$1M): High-end properties are sitting longer and often require price adjustments before selling. Buyers in this tier have significant leverage.

What This Means for You

If you’re buying: You likely have more leverage now than at any point in the past three years. Consider negotiating for seller credits toward closing costs or interest rate buydowns. Melina Rissone can guide you through opportunities and make sure you secure the best terms.

If you’re selling: Pricing your home at or just below market value is the best way to spark interest. Overpricing will likely lead to sitting on the market. Melina can provide a free, detailed market value report to help you list at the right price from the start.

Final Takeaway

Mission Valley’s housing market is cooling, shifting toward buyers with higher inventory and longer selling times. Still, well-presented homes can attract strong offers, especially in the lower price tiers. Whether you’re buying your first condo or selling a luxury property, making data-driven decisions is the key to success in today’s market.

Looking to move into or out of Mission Valley? Schedule a call with Melina Rissone to discuss your goals. She can also prepare a free, customized market value report for your Mission Valley 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.

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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
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.