The 1960s planned community next to UC San Diego: ranch homes south of Rose Canyon, condos around UTC to the north, and the Blue Line trolley through the middle.
University City's median swings with the mix. The three month median has moved between about $940K and $1.15M over the past year, depending on how many houses and how many condos closed, and it sits near $1M now. On a smoothed basis, University City's median has risen roughly 50% over the past five years.
The recent median sits around $1.00M, with about 3.4 months of supply, homes selling near 97.4% of original list, and a median of roughly 26 days on market.
Over five years the median sale price in University City is up about 50%, but the price per square foot is up about 23%. 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 50%. 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.
Decide first whether you want a south side house or a condo near UTC, because they are different searches. With supply around 3.4 months and homes going near 97.4% of list, there is some room to negotiate.
September homes sold in a median of about 26 days. Buyers here have choices, so price it right the first time.
Supply is running around 3.4 months. As long as listings stay scarce, prices hold firm; a rise in inventory would be the first sign of easing.
UCSD and biotech households and condo buyers make up most of this market, and most of them finance, so rate moves show up quickly.
Get Pre-Approved →Rose Canyon splits it. South University City, around Governor Drive, is the original 1960s single family neighborhood. North of the canyon, around UTC, it is mostly condos, townhomes and apartments built from the 1970s on. The median here jumps around because some months are mostly condos and some months are mostly houses.
No Mello Roos district covers 92122. Condos and townhomes north of the canyon carry HOA dues, sometimes high ones. The south side houses mostly do not.
The name came from a 1959 city study for a community to serve the new UC campus. Irvin Kahn and Carlos Tavares, the team behind Clairemont, started grading in 1960 and hired architect William Krisel, whose first tract went in on streets like Stresemann, Gobat and Lord Cecil. Westfield UTC opened in 1977 and the condo building followed it north. The Blue Line trolley reached UTC and Executive Drive in 2021, and the University Community Plan was updated in 2024. 92122 is the ZIP.
What is the median home price in University City?
The median sale price in University City is $1.00M on a trailing three month basis, using closed sales through September 2026.
How long do homes take to sell in University City?
Homes in University City are selling in a median of about 26 days.
Is University City a buyer's or a seller's market?
University City has 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 University City?
The median in University City is up about 50% over the past five years, measured as the average of the last twelve monthly medians against the first twelve.
Are homes in University City selling for asking price?
Homes in University City are closing at about 97.4% of original list price.
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