Downtown San Diego Condo Market Update: What 92101 Buyers & Sellers Need to Know (December 2025)

If you’re watching the Downtown San Diego condo market closely, December 2025 delivered a clear message: the market is moving with intention, not urgency — and that creates opportunity for both buyers and sellers who understand the data.

Here’s a clear breakdown of what’s happening in ZIP code 92101, and what it means for you going into 2026.

📉 Fewer Sales, But Faster Movement

Compared to December 2024, closed condo sales declined by 20.93%, and new listings dropped by 24.14%. While that may sound like a slowdown, there’s an important counterbalance:

Average Days on Market fell by 18.64%

Median Days on Market dropped to 41 days

👉 Translation: Serious buyers are still active, and well-priced condos are moving faster than last year.

💰 Pricing: Slight Adjustments, Strong Stability

Prices softened modestly month-over-month but remain stable year-to-date:

Median Sold Price: $772,500 (↓ 2.22% YoY)

Average Sold Price: $940,195 (↓ 2.36% YoY)

YTD Median Sold Price: $725,000 (virtually unchanged from 2024)

This signals a healthy pricing correction, not a decline — especially important for buyers waiting for leverage and sellers aiming for precision pricing.

📊 Inventory & Negotiation Power

Months of Inventory: hovering around 4.5–5 months

List-to-Sold Price Ratio: 98.3%

This places Downtown San Diego in a balanced market, where:

Buyers have room to negotiate

Sellers still retain strong value when priced correctly

🏙️ Price-Per-Square-Foot Trends

Higher-end condos ($1M+) continue to command the strongest price-per-square-foot, while mid-range units ($500K–$750K) show consistent demand — especially for updated units with views, parking, and amenities.

🔮 What This Means for 2026

Buyers: This is one of the best windows in recent years to negotiate without racing against multiple offers.

Sellers: Strategic pricing and presentation matter more than ever — the right approach still delivers strong results.

Investors: Stability + reduced competition = opportunity in the urban core.

If you’d like a building-specific analysis, pricing strategy, or private buyer consultation, I’m happy to help you navigate Downtown San Diego with clarity and confidence.

Laura Valente
Luxury Condos | Downtown San Diego