From Market Journal IQ
The Mission Beach Walk Streets
Laid out in 1914 as an alphabet. Nobody knows what Aspin is named for.
San Diego's classic beach ZIP. Pacific Beach and Mission Beach trade as one tight coastal market: a scarce pool of houses, and a deep, active condo & townhome market.
On a smoothed basis, the median house price in Pacific Beach & Mission Beach has climbed roughly 37% over the past five years, and demand across the area remains steady.
Houses are running near $2.05M (about 3.4 months of supply, selling near 100.2% of original price in roughly 9 days), while condos and townhomes sit near $962,000 (3.5 months, roughly 91.0% of original, about 42 days).
Over five years the median sale price in Pacific Beach houses is up about 37% and the price per square foot is up about 36%. 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 Pacific Beach condos is up about 30% and the price per square foot is up about 23%. The two are close, with the median a few points ahead, so most of the gain is prices rising and a little of it is a shift toward bigger or higher end homes selling.
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.
Beach-close inventory is scarce and moves fast. Houses are a small, high-end pool, so be ready to compete. Condos and townhomes are the more attainable way into 92109 and by far the more liquid market, so come with financing lined up.
Coastal demand is steady on both sides. Houses are selling close to asking in roughly two weeks; well-presented condos move quickly in a tight, low-supply market. Price to the trend, not the last comp. Single sales swing hard here.
Supply is running around 3.4 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 condo side feels that more than the house side, since a larger share of those buyers finance.
Get Pre-Approved →Watch condo supply: it is running around three and a half months, and September condos closed well under their original asking price. Any further loosening would be the first sign the beach market is cooling. On the house side, the higher months of supply reflect a thin, high-dollar pool more than soft demand.
Short term rental licensing decides whether a unit can be rented nightly, and that changes what it is worth to an investor. Confirm the status of a specific address before pricing it.
92109 covers Pacific Beach and Mission Beach, and the two trade as one market with two very different products inside it. The detached pool is small, and much of it is older beach cottage stock that has been added onto over the decades, so no two houses are quite comparable. The condo and townhome side is deep, liquid, and far easier to price. Crown Point and the bay side blocks are quieter and more family heavy than the ocean side. Two things move value here more than they do elsewhere in the county: parking, which is genuinely scarce, and the short term rental rules, which decide whether a given unit can produce income at all.
What is the median home price in Pacific Beach & Mission Beach?
The median sale price in Pacific Beach & Mission Beach is $2.05M 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 Pacific Beach & Mission Beach?
Houses in Pacific Beach & Mission Beach are selling in a median of about 9 days.
Is Pacific Beach & Mission Beach a buyer's or a seller's market?
Houses in Pacific Beach & Mission Beach have about 3.4 months of supply, which reads as a balanced market. Under three months favors sellers, three to six is balanced, and above six favors buyers.
How much have home prices risen in Pacific Beach & Mission Beach?
The median in Pacific Beach & Mission Beach is up about 37% over the past five years, measured as the average of the last twelve monthly medians against the first twelve.
Are homes in Pacific Beach & Mission Beach selling for asking price?
Houses in Pacific Beach & Mission Beach are closing at about 100.2% of original list price.
What is the median condo price in Pacific Beach & Mission Beach?
The median sale price for condos and townhomes in Pacific Beach & Mission Beach is $962,000 on the same trailing three month basis, up about 30% over the past five years.
Is the condo market in Pacific Beach & Mission Beach different from houses?
Yes. Condos and townhomes in Pacific Beach & Mission Beach are selling in a median of about 42 days with about 3.5 months of supply, closing at about 91.0% of original list price. Houses are at about 9 days and 3.4 months. Houses are the tighter of the two segments here.
Bay Park & Bay Ho Ocean Beach Clairemont La Jolla Linda Vista Mission Hills Point Loma
Inherited a home in Pacific Beach & Mission Beach? Here is what to know before you sell, from probate and trust timelines to the tax questions families ask first.
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