Rancho Peñasquitos Real Estate Trends: Price Shifts, New Listings, and Market Activity to Start 2026
by Bernie Linden
As we step into a new year, it’s the perfect moment to take a closer look at how the Rancho Peñasquitos (92129) single‑family home market performed through the end of 2025. The past several months brought a mix of cooling trends, pricing adjustments, and a surprising burst of activity that sets the stage for an interesting start to 2026.
Rancho Peñasquitos Home Prices: Year-End Trends and Long-Term Growth
December’s average sales price dipped 9% from November but still landed 2% higher year‑over‑year. When we zoom out, the bigger story emerges: the PQ market has been essentially flat since 2021, yet compared to 2020—before interest rates surged and during the early COVID‑era boom—home values are up about 50%. That’s exceptional long‑term appreciation for homeowners.
Price Per Square Foot: How the Market Shifted Month by Month
Price per square foot has been gradually softening since summer, reflecting both seasonal patterns and buyer sensitivity to affordability:
June: $719/SF
July: $688/SF
August: $731/SF
September: $682/SF
October: $685/SF
November: $665/SF
December: $645/SF — one of the lowest figures since January 2024
This trend doesn’t necessarily indicate falling values; it often reflects a shift in the types of homes selling and more negotiation power on the buyer side.
While the last three months felt slower—fewer showings, longer days on market, and more cautious buyers—Rancho Peñasquitos saw a surprising flurry of activity in the past few weeks to close out 2025. A number of homes that had been sitting on the market for 100+ days are now in escrow. Granted, many required numerous price reductions, but a good sign for a healthy market especially during what is typically a dormant time.
December brought a meaningful uptick in both new listings and buyer engagement. Well‑priced, well‑prepared homes continued to attract strong interest, and several properties went pending more quickly than expected. PQ’s underlying demand remains steady, even when the market appears to be catching its breath.
Inventory Levels: New Listings Jump to Close Out 2025
December delivered 22 new listings, a 57% increase from last year and a 69% jump from November—an unusually strong finish for a typically quiet month.
As of January 6, there are 20 active single‑family listings in Rancho Peñasquitos, ranging from $818,000 to $1,594,999. For buyers who felt inventory was scarce for most of 2025, this marks a welcome shift.
December 2025 Sales Summary: Highs, Lows, and What Sold
Single‑family homes sold in December ranged from:
Highest sale: $1,640,000 ($679/SF)
Lowest sale: $1,000,000 ($542/SF)
These numbers highlight the diversity of PQ’s housing stock—from original-condition homes ready for updating to fully renovated properties commanding premium prices.
Thinking About Buying or Selling in 2026? Let’s Connect
Whether you’re curious about your home’s value in this evolving market or you’re a buyer navigating the new rules around buyer representation, I’m here to help you make informed decisions. Rancho Peñasquitos remains one of San Diego’s most desirable communities, and smart strategy matters more than ever.
Let’s talk about your goals and how to position yourself for success in the year ahead.
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Rancho Peñasquitos Real Estate Trends: Price Shifts, New Listings, and Market Activity to Start 2026
As we step into a new year, it’s the perfect moment to take a closer look at how the Rancho Peñasquitos (92129) single‑family home market performed through the end of 2025. The past several months brought a mix of cooling trends, pricing adjustments, and a surprising burst of activity that sets the stage for an interesting start to 2026.
Rancho Peñasquitos Home Prices: Year-End Trends and Long-Term Growth
December’s average sales price dipped 9% from November but still landed 2% higher year‑over‑year. When we zoom out, the bigger story emerges: the PQ market has been essentially flat since 2021, yet compared to 2020—before interest rates surged and during the early COVID‑era boom—home values are up about 50%. That’s exceptional long‑term appreciation for homeowners.
Price Per Square Foot: How the Market Shifted Month by Month
Price per square foot has been gradually softening since summer, reflecting both seasonal patterns and buyer sensitivity to affordability:
This trend doesn’t necessarily indicate falling values; it often reflects a shift in the types of homes selling and more negotiation power on the buyer side.
Market Activity Update: A Quiet Fall Followed by a December Surge
While the last three months felt slower—fewer showings, longer days on market, and more cautious buyers—Rancho Peñasquitos saw a surprising flurry of activity in the past few weeks to close out 2025. A number of homes that had been sitting on the market for 100+ days are now in escrow. Granted, many required numerous price reductions, but a good sign for a healthy market especially during what is typically a dormant time.
December brought a meaningful uptick in both new listings and buyer engagement. Well‑priced, well‑prepared homes continued to attract strong interest, and several properties went pending more quickly than expected. PQ’s underlying demand remains steady, even when the market appears to be catching its breath.
Inventory Levels: New Listings Jump to Close Out 2025
December delivered 22 new listings, a 57% increase from last year and a 69% jump from November—an unusually strong finish for a typically quiet month.
As of January 6, there are 20 active single‑family listings in Rancho Peñasquitos, ranging from $818,000 to $1,594,999. For buyers who felt inventory was scarce for most of 2025, this marks a welcome shift.
December 2025 Sales Summary: Highs, Lows, and What Sold
Single‑family homes sold in December ranged from:
These numbers highlight the diversity of PQ’s housing stock—from original-condition homes ready for updating to fully renovated properties commanding premium prices.
Thinking About Buying or Selling in 2026? Let’s Connect
Whether you’re curious about your home’s value in this evolving market or you’re a buyer navigating the new rules around buyer representation, I’m here to help you make informed decisions. Rancho Peñasquitos remains one of San Diego’s most desirable communities, and smart strategy matters more than ever.
Let’s talk about your goals and how to position yourself for success in the year ahead.