2025 92127 Real Estate Market Update

ZIP code 92127, including Del Sur and parts of Rancho Bernardo, remains a marquee luxury area in San Diego. As we move further into 2025, here’s what current data reveals about pricing, competition, and what buyers & sellers need to know.

Current Home Values & Price Trends

• Zillow reports the average home value in 92127 as $1,623,344, with a 3.5% decline year-over-year. Homes tend to go pending in ~28 days. Zillow

• Realtor.com shows the median listing home price in 92127 is $1.6M (April 2025), down about 17.1% YoY. Realtor

• Redfin notes that in August 2025, 92127 homes sold for a median of $1.9245M, up ~14.6% YoY, with average market time ~35 days. Redfin

Insights: There is variation across data sources, but overall the 92127 luxury market is holding strong in the $1.6M–$1.9M range. The mix of upward movement (per Redfin) and downward pressure (Zillow, Realtor) suggests a market in transition.

Market Pace & Competition

• In August 2025, homes in 92127 sold in roughly 35 days on average (Redfin) Redfin

• Zillow also suggests ~28 days to pending. Zillow

• Some listings are capturing multiple offers, especially those priced well and staged effectively.

Inventory & Market Balance

• San Diego’s broader housing market is experiencing an uptick in inventory, helping to rebalance buyer/seller dynamics. Compass San Diego Housing Market+2The Luxury Playbook+2

• Detached homes in SD are seeing ~4.7% YoY price growth, even as attached homes (condos/townhomes) soften ~7.1%. Compass San Diego Housing Market

• The county market is showing signs of moderate cooling, though demand in desirable areas remains strong. The Luxury Playbook+1

What Buyers & Sellers Should Do

For Sellers

• Be strategic with pricing—use multiple data sources to calibrate your list price.

• Differentiate your listing—great staging, photography, and exclusive off-market positioning will help stand out.

• Act sooner—well-prepared homes are still selling relatively quickly in this segment.

For Buyers

• Greater negotiating potential—as more competition softens, buyers can be more selective.

• Watch for price reductions—some sellers will adjust to maintain momentum.

• Do your homework—use comps, consider property condition, and not just location.

The 92127 luxury market is showing resilience in 2025, with prices holding in the high-tier range and steady demand in place. Yet with inventory rising and market timelines lengthening slightly, it’s a more balanced playing field than in the hyper-competitive years before.

Thinking of selling or buying in Del Sur or Rancho Bernardo?
Contact Chase Penrose for a custom market analysis, access to off-market Compass Private Exclusives (off-market properties), and a strategy to maximize value in today’s market.