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Coldwell Banker - Rancho Bernardo
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Rancho Penaquitos Real Estate – Flat Since 2022?
Here’s your Rancho Penasquitos (Zip 92129) real estate update for single family residences.
Average sales price is up nicely month over month (5%) but is flat versus YOY (up 1.2%). Overall the market in November is flat since 2021, but compared to 2020, COVID impact and before interest rates jumped, PQ is up an incredible 52% in just 5 years!
New Listings for Rancho Penasquitos came in at 16 for November, down 33% from last year and down 64% from last month! As of this posting (Dec. 8) there are 34 active listings in Rancho Penasquitos ranging in price from $998,900 to $2,299,900.
Rancho Penasquitos Single Family Homes Sold for November 2025:
Highest – $2,450,000
($731/SF – $155K [6%] over ask a Top 10 Close for ZIP 92129)
Lowest – $788,900
($657/SF – $73K [8%] below ask)
I’m here to chat about your home’s value in this changing market. And I also welcome any buyers looking to better understand how buyer representation works now that the new regulations are in effect.