A tucked-away hillside neighborhood by Lake Murray and Mission Trails: single-story homes, canyon views, and a quiet, tightly-held feel minutes from the city.
Del Cerro is a small, well-established, largely single-family market that trades quietly and holds its value.
Houses are running near $1.2M (about 2.4 months of supply, selling near 97.6% of original price in roughly 22 days), while condos and townhomes sit near $500,000 (4.9 months, roughly 101.4% of original, about 15 days).
Over five years the median sale price in Del Cerro houses is up about 26% and the price per square foot is up about 26%. The two agree, which is what you want to see. It means the gain reflects prices rising rather than a shift in the kind of home selling, so the headline number is a fair read on what an owner gained.
Price per square foot is the sale price divided by the home's interior square footage.
Both figures use the same smoothed five year comparison: the average of the last twelve monthly medians against the average of the first twelve. A gap of eight points or more is treated as a mix shift. That threshold was set by testing, not picked: an earlier version flagged nine of nineteen areas, which is noise. It now flags eight of forty.
Over five years the median sale price in Del Cerro condos is up about 25%, but the price per square foot is up about 13%. Those two usually move together. When the median runs well ahead, it is mostly a sign that larger or higher end homes make up more of what sells now, not that any given house gained 25%. The price per square foot figure is the closer read on what an owner actually gained.
Price per square foot is the sale price divided by the home's interior square footage.
Both figures use the same smoothed five year comparison: the average of the last twelve monthly medians against the average of the first twelve. A gap of eight points or more is treated as a mix shift. That threshold was set by testing, not picked: an earlier version flagged nine of nineteen areas, which is noise. It now flags eight of forty.
Del Cerro rewards both budgets: detached homes near Lake Murray offer mid-century character and space, while condos and townhomes are one of East County's better values close to SDSU and the trolley. Either way, come pre-approved. Well-priced listings go quickly.
Houses are selling essentially at ask and condos are moving in about nine days at full price. Know which market your home sits in, the buyer pool and pacing differ, and price to that segment's trend.
Supply is running around 2.4 months for houses. As long as listings stay scarce, prices hold firm; a meaningful rise in inventory would be the first sign of easing.
Rates sit higher than they were a couple of years ago, the main headwind on demand. A meaningful drop would likely bring buyers off the sidelines quickly.
Get Pre-Approved →Houses still favor sellers on tight supply while the condo side has loosened toward balanced, and they run on different clocks: the condo market is faster and more affordable, while detached homes hold the premium. Watch each on its own rather than as one blended number.
These figures are the ZIP 92120 cut. That ZIP covers Del Cerro and also Allied Gardens and Grantville, so the numbers describe the wider 92120 area rather than Del Cerro alone.
This is a focused market, so a single month's median can spike or dip. Weigh the multi-year trajectory, the bold trend line above, over any one data point.
What is the median home price in Del Cerro?
The median sale price in Del Cerro is $1.2M on a trailing three month basis, using closed sales through September 2026. That is the houses figure. Condos and townhomes are reported separately on this page.
How long do homes take to sell in Del Cerro?
Houses in Del Cerro are selling in a median of about 22 days.
Is Del Cerro a buyer's or a seller's market?
Houses in Del Cerro have about 2.4 months of supply, which reads as a seller market. Under three months favors sellers, three to six is balanced, and above six favors buyers.
How much have home prices risen in Del Cerro?
The median in Del Cerro is up about 26% over the past five years, measured as the average of the last twelve monthly medians against the first twelve.
Are homes in Del Cerro selling for asking price?
Houses in Del Cerro are closing at about 97.6% of original list price.
What is the median condo price in Del Cerro?
The median sale price for condos and townhomes in Del Cerro is $500,000 on the same trailing three month basis, up about 25% over the past five years.
Is the condo market in Del Cerro different from houses?
Yes. Condos and townhomes in Del Cerro are selling in a median of about 15 days with about 4.9 months of supply, closing at about 101.4% of original list price. Houses are at about 22 days and 2.4 months. The two segments are running at about the same pace.
San Carlos La Mesa Lemon Grove Spring Valley El Cajon Santee North Park Tierrasanta Talmadge
Inherited a home in Del Cerro? Here is what to know before you sell, from probate and trust timelines to the tax questions families ask first.
First, make sure you’re in Safari, not Chrome or an in-app browser.
1. Tap the Share iconat the bottom-center of Safari (a square with an arrow pointing up).
2. Scroll down and tap Add to Home Screen.
3. Tap Add, the MJIQ icon appears on your home screen.