Del Cerro, Allied Gardens and San Carlos still moved fast by late summer
CNBC reported the average 30-year fixed rate hit 7.49% on October 7, 2026. That is the headline number right now. But here is what the Real Estate Data Aggregator counted for the three months ending August 31, 2026: 47.1% of homes in ZIP 92120, which covers Del Cerro and Allied Gardens, went under contract within two weeks of listing. That share was up 18.2 points from the same three months in 2025. Rates are high. Well-priced homes are still moving.
San Carlos, in ZIP 92119, was close behind. The Real Estate Data Aggregator counted 39% of homes there going under contract within two weeks. That share rose 8.9 points from a year before. Days on market fell to 21, which was 17 days shorter than the same period in 2025. Fewer homes were for sale there too: 45 active listings, down 10% from a year ago. Less supply and quick sales tend to go together.
How the three neighborhoods compared
| Del Cerro and Allied Gardens (92120) | San Carlos (92119) | |
|---|---|---|
| Median sale price | $1,000,000 | $987,000 |
| Median days on market | 23 days | 21 days |
| Under contract within two weeks | 47.1% | 39% |
| Homes for sale | 76 | 45 |
| Sale price as share of list | 99.3% | 99.6% |
Del Cerro and Allied Gardens are separate neighborhoods. They share a ZIP code, so the Real Estate Data Aggregator counts them together here. San Carlos has a longer commute from I-8 than Del Cerro or Allied Gardens. Even so, it posted the faster median days on market of the two ZIP codes: 21 days versus 23.
Prices dipped, but sellers still got close to list
The median sale price in ZIP 92120 came in at $1,000,000 for the three months ending August 31, 2026. That was down 13% from the same three months in 2025. In ZIP 92119, the median was $987,000, up 5.7% from a year before. So the two ZIP codes moved in different directions on price. Both still averaged close to list: 99.3% in 92120 and 99.6% in 92119, according to the Real Estate Data Aggregator.
Homes selling above list price rose sharply
In ZIP 92120, 38% of homes sold above list price. That was up 5.5 points from a year before. In ZIP 92119, 43.4% sold above list, up 15.9 points. Those are meaningful jumps. They tell you that the homes priced right are drawing more than one offer. The homes that are not priced right are sitting longer.
More listings came to market
New listings in ZIP 92120 rose 25% from a year before, to 110 homes. In ZIP 92119, new listings rose 3.4%, to 90 homes. More supply is coming in. That gives buyers more to look at. It also means sellers need to price carefully, because buyers now have options. Months of supply in 92120 was 3 months, up 0.7 months from a year ago. In 92119 it was 1.8 months, nearly flat.
The rate picture right now
CNBC reported that the average contract rate on a 30-year fixed mortgage rose to 7.49% as of October 7, 2026. Realtor.com noted rates climbed above 7% for the first time since January 2025. Nationally, Realtor.com counted 20.8% of listings taking price cuts in September, the highest share since October 2022. That is the national picture. In Del Cerro, Allied Gardens and San Carlos, the speed numbers still held up well through August 31, 2026. What happens next as rates stay elevated is the question every seller and buyer here is sitting with.
The Federal Housing Finance Agency reported U.S. home prices rose 2.6% from July 2025 to July 2026. Month over month, prices rose 0.3% in July, seasonally adjusted. That is a national figure. Local results in these three neighborhoods varied by ZIP code, as the Real Estate Data Aggregator numbers above show.
How fast did homes move, by ZIP code
- Through the three months ending August 31, 2026, Del Cerro, Allied Gardens and San Carlos moved faster than a year before.
- Nearly half of homes in Del Cerro and Allied Gardens went under contract within two weeks.
- San Carlos was close behind at 39%.
- Prices were mixed by ZIP code.
- More listings came to market.
- And rates, at 7.49% as of October 7, 2026, are a real headwind.
- Pricing your home right matters more now than it did a year ago.
One more thing worth knowing: the numbers above cover whole ZIP codes. One street in Del Cerro can read very differently from the ZIP code average. Canyon and view lots carry a clear premium over non-view homes. A home near Hearst Elementary may draw different buyer interest than one a few blocks away. If you want to know where your specific address lands, send me a text.
Your next step
(858) 500-2195Text me your address and I'll send back how long homes like yours are taking to sell in Del Cerro, Allied Gardens or San Carlos right now, and where your price sits against what actually closed. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 92120, 92119, 92108, 92104, 92103, 92116, 92115, 92117, 92110 and 92123, 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