Old Town & Bay Park Real Estate Market Update: Latest Trends for Buyers and Sellers
Are home prices in 92110 going up or cooling down, and is now a good time for buying or selling a home in 92110?
Right now, the 92110 real estate market is active but more balanced than peak years. Homes are still selling, but buyers have more leverage than before, and the gap between “priced right” and “priced hopeful” matters a lot more, which is why you’re seeing some homes move quickly while others sit longer.
For you, that means buying a home in Old Town & Bay Park can feel a little less frantic, with more room to negotiate when a property is overpriced or has been on the market longer. And if you’re selling a home in 92110, you can still get a strong result, but pricing and presentation have to be dialed in from day one. Melina Rissone helps you read the market in real time, so you know when to push for top dollar, when to price for speed, and how to position your home to stand out to today’s more selective buyers.
What Is Happening in the 92110 Real Estate Market Right Now?
Based on 170 recent listings, including 93 closed sales, here’s what the latest 92110 market trends mean for you.
Over the past several months, 92110 has seen:
93 homes sold
53 active listings
23 pending sales
That tells you something important. Homes are still moving, but inventory has built up compared to the ultra tight pandemic years.
With 53 active listings and 93 recent closings, you are looking at roughly 1.5 to 2 months of inventory depending on how you measure the pace of sales. That keeps us in seller leaning territory, but no longer in extreme seller control.
If you are selling a home in 92110, you still have an opportunity. But you cannot rely on automatic bidding wars. Strategy matters. And If you are buying a home in 92110, you finally have more choices and slightly more negotiating room than you did a few years ago.
This is exactly where having someone like Melina guiding you through timing and positioning becomes critical. A shifting market rewards preparation and local insight.
92110 Home Prices: Are Values Rising or Flattening?
Looking at the 93 closed sales:
Median sold price is sitting just above the mid market range for attached homes and entry level properties in the area
List prices and sold prices are closely aligned overall
Most properties are selling near asking, not dramatically over
This tells you something important about current 92110 market trends. We are not seeing wild price spikes. Instead, we are seeing stabilization.
For sellers, that means:
Pricing correctly from day one is essential. Overpricing often leads to extended days on market and eventual price reductions.
For buyers:
You are less likely to face 10 competing offers. That does not mean you can underbid aggressively, but it does mean negotiations are realistic again.
Melina has been advising clients to focus on value relative to square footage, condition, and micro location within 92110 rather than simply reacting emotionally to list price.
Days on Market: How Fast Are Homes Selling in Old Town & Bay Park?
Days on market remains healthy. Many sold properties moved in under 30 days, though there are outliers that stretched longer. The median marketing time shows that well priced homes in desirable pockets are still moving quickly. However, overpriced listings in 92110 are sitting.
This split market is a key theme in today’s 92110 real estate market. It is not just about whether homes are selling. It is about which homes are selling and why.
If you are selling a home in 92110, you need:
Strategic pricing
Professional presentation
Smart negotiation planning
If you are buying, you need to watch for listings that have been on the market longer than average. That is often where opportunity lives.
Attached Homes vs. Other Property Types in 92110
A large share of the activity in this dataset reflects condos and attached properties.
This matters because attached homes tend to:
Respond more quickly to interest rate shifts
Show tighter price bands
Attract first time buyers and investors
When interest rates move even slightly, demand for condos can change quickly.
Right now, attached inventory is giving buyers more selection than they have had in recent years. That creates negotiation windows, especially for units that need cosmetic updates.
Melina has been helping buyers evaluate HOA strength, rental restrictions, and long term appreciation potential, which are essential when buying attached property in 92110.
What’s The Seller Supply Like in Old Town & Bay Park?
With 53 active listings currently on the market, you are seeing more visible inventory than during peak frenzy periods. Stats like this do not mean oversupply, It means normalization.
And when inventory rises slightly, buyers feel less urgency. That can lengthen days on market by a week or two compared to ultra competitive cycles.
For sellers, that means you must:
Avoid testing unrealistic price ceilings
Understand your direct competition
Prepare your property thoroughly before going live
Melina often advises clients to analyze competing active listings in the same zip code and similar square footage band before finalizing list price. That step alone can significantly impact the final sale outcome.
Are Homes Selling Over Asking in 92110?
Some properties are still selling at or slightly above asking, but this is no longer universal.
The key patterns:
Updated, turnkey homes tend to sell closer to or above list
Homes needing work are negotiating below list
Price reductions are more common than they were two years ago
That creates a healthier, more rational market. So if you are buying, you should not assume every property will escalate. And if you are selling, you should not assume buyers will stretch automatically.
In this environment, pricing precision is power. That is where Melina Rissone’s hyper local analysis becomes especially valuable.
What Does This Mean for Home Buyers in Old Town & Bay Park?
If you are buying a home in 92110, here is what this data suggests:
You have more options than before
Negotiation is back on the table
Inspection and appraisal contingencies are more common again
Patience can pay off
That said, desirable homes in prime pockets still move quickly. The key is being financially ready so you can act decisively when the right one appears.
Melina works closely with buyers to identify micro trends within the zip code so you are not making decisions based on outdated headlines.
What Does This Mean for Sellers in 92110?
If you are selling a home in 92110, your opportunity is still strong, but you must adapt to today’s climate.
Here is what works right now:
Accurate pricing based on current comps
Strong marketing presentation
Realistic expectation setting
Early negotiation planning
Homes that launch correctly often secure strong results. Homes that chase the market down with price reductions often net less overall.
The difference frequently comes down to preparation. This is why many sellers choose to consult with Melina before even setting a list date. A pre listing strategy session can dramatically impact final outcome.
92110 Market Predictions: What Could Happen Next?
While no one can guarantee exact outcomes, current 92110 market trends suggest:
Stable pricing in the near term
Slightly longer marketing times compared to peak frenzy
Continued buyer sensitivity to interest rates
Steady demand for well located, updated properties
If interest rates soften, demand could strengthen quickly, particularly in entry level and condo segments. And If rates remain steady, expect continued balance rather than sharp movement. The 92110 real estate market is not crashing. It is normalizing. For you, that means decisions should be based on personal timing and financial goals rather than fear driven headlines.
The Bottom Line on the 92110 Real Estate Housing Market
So, is now a good time for buying or selling a home in 92110?
Yes, if you approach it strategically. Buyers have more leverage than in recent years, but must still act decisively on desirable homes. And home sellers can still achieve strong prices, but only with proper positioning. This is a thinking market, not a frenzy market.
If you want clarity on how your specific property fits into today’s 92110 real estate market, schedule a strategy call with Melina Rissone. She will walk you through the numbers, the competition, and the opportunity unique to your situation.
And if you are simply curious what your home could sell for in today’s market, request a free, data backed market value report tailored specifically to your property and neighborhood. Melina will provide clear, customized insight so you can make confident decisions in 2026.
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.
Melina is on point, extremely resourceful and well connected. She has a very versatile knowledgebase so was able to help guide us in many areas I was not even expecting from an agent. I've referred her to several friends who all reported great experiences. She takes her role in representing her client very seriously so its not like some kind of half time gig thing. She gets it done.
-Dan C.
