Coronado stayed firm even with mortgage rates above 7%
Mortgage rates climbed above 7% for the first time since January 2025, according to Realtor.com. CNBC reported the average 30-year fixed rate reached 7.49% the week of October 7, 2026. Nationally, Realtor.com counted price cuts on 20.8% of listings in September, the highest share since October 2022. Coronado moved in a different direction.
The Real Estate Data Aggregator counted 74 homes sold in ZIP 92118 during the three months ending August 31, 2026. The median sale price came in at $2,890,000, up 28.4% from the same three months in 2025. Higher borrowing costs did not push prices down here.
Fewer homes sold than a year ago, down 6.3% according to the Real Estate Data Aggregator. That is a small honest admission. But homes that did sell moved faster. The median days on market fell to 48 days, 11 days shorter than the same period in 2025. Supply stayed tight at 4 months.
More homes went under contract quickly
The Real Estate Data Aggregator found that 23.3% of Coronado homes went under contract within two weeks of listing. That share rose 7.7 points from a year before. Sellers were getting decisions faster, not slower, even as rates climbed.
How Coronado compares with nearby markets
The Real Estate Data Aggregator covers six ZIP codes in this market. Each one tells its own story. Coronado led on price. Other areas moved faster to contract.
| Coronado 92118 | La Jolla 92037 | Ocean Beach 92107 | Mission Hills 92110 | |
|---|---|---|---|---|
| Median sale price | $2,890,000 | $2,354,500 | $1,400,000 | $760,000 |
| Median days on market | 48 | 33 | 24 | 27 |
| Sale-to-list price | 97.2% | 97.3% | 97.6% | 98.1% |
| Months of supply | 4 | 3.9 | 2.3 | 2.5 |
The Federal Housing Finance Agency reported U.S. home prices rose just 2.6% from July 2025 to July 2026. Coronado's 28.4% gain, counted by the Real Estate Data Aggregator, shows how differently this market moved from the national picture.
What this means for Coronado homeowners
Prices held up. Homes sold faster than a year ago. The share selling above list price rose 3.5 points to 16.2%, according to the Real Estate Data Aggregator. That said, fewer homes sold overall, and pending sales dipped 4.4%. The market is firm, not frenzied.
- Rates above 7% slowed some activity in Coronado, but the Real Estate Data Aggregator shows prices still rose 28.4% and homes sold 11 days faster than a year ago.
- Supply stayed tight at 4 months.
- The market held its ground.
These are ZIP-code numbers for the three months ending August 31, 2026. One street, one building, or one property type can read very differently from the whole ZIP. If you want to know where your home sits inside these numbers, I am happy to take a closer look.
Your next step
(619) 606-8188Text me your address and I will send back where your Coronado home stands against the $2,890,000 median and what homes near you actually sold for. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 92118, 91906, 92110, 91913, 92037 and 92107, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: One in Five Home Sellers Cut Prices as Buyer’s Market Persists, Sep 30, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: August 2026 Rental Report: Rents Fall for 37th Straight Month as Concessions Give Renters More Leverage, Sep 17, 2026
- CNBC: Refinance demand is now half what it was a year ago, as mortgage rates rise again, Oct 7, 2026