Market Snapshots and Comments November 6, 2025

Rancho Bernardo Home Prices Rise, Listings Drop, Buyers In Under Ask

Here’s your single family home real estate update for Rancho Bernardo (Zip 92128).

Average sales price for October is up 5% Month over Month and up about 9% YOY. Price per square foot is also up about 4% MOM and up about 2% YOY.

New and Active Listings for October in Rancho Bernardo are down 12% and 24% MOM. Active Listings remain elevated compared to the past 24 month’s average, still trying to sell off the surge of homes to market from March through August this year. Months Supply is finally decreasing after being well above average since April, but it is still above average compared to the past 5 years.

Homes have been mainly selling mostly at or below asking price since July of 2024 and in October this trend continues at 95% close price/original ask price. As a buyer, this means you may be able to buy the home for less than its list price. As seller, if the offer is close to ask price and terms are good, consider how to make a deal and don’t be surprised to see offers below ask.

Average Days Active past 6 months:
October: 42
September: 41
August: 43
July: 22
June: 24
May: 18

Currently in Rancho Bernardo there are 60 Active Homes for Sale (post date 11/5/25) ranging in price from $674,000 to $2,896,300. If you’d like more information on these homes or would like to better understand how working with a buyer’s agent has changed, I welcome the opportunity to be your real estate resource.

92128 SFR Sales in October 2025:
Highest: $3,750,000 ($548/SF)
Lowest: $620,000 ($620/SF)