Rancho Penasquitos Housing Market Report February 2025•San Diego County, California

hero building illustration for mobile

Housing Prices in Rancho Penasquitos, CA

How much do homes in Rancho Penasquitos, CA cost?

Housing Market Conditions

Is Rancho Penasquitos, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Rancho Penasquitos is a Seller's Market

Difference Since February 2024

Since last year, Rancho Penasquitos has remained a Seller's Market.

Insight

Rancho Penasquitos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,340,000$715/SqFt
+$140,000
+11.7%

Based on all homes sold in the last 12 months

Insight

Homes in Rancho Penasquitos have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Rancho Penasquitos was $1,340,000 in February 2025, up 11.7% from last year, and the median price per square foot was $715.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$445K$469.8K
+5.6%
2$550K$635K
+15.5%
3$1.1M$1.2M
+6.5%
4$1.3M$1.5M
+11.2%
5$1.7M$1.7M
+3.8%

Summary: Rancho Penasquitos housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.6%. The home price for 2 bedroom homes increased by +15.5%. The home price for 3 bedroom homes increased by +6.5%. The home price for 4 bedroom homes increased by +11.2%. The home price for 5 bedroom homes increased by +3.8%.

Housing supply in Rancho Penasquitos, CA

How many homes are available in Rancho Penasquitos, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
20Last MonthFeb 2025
202 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The Rancho Penasquitos real estate market had 20 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthFeb 2025
62 months agoJan 2025
-16.7 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
111
0.0%
274
-42.9%
365
-16.7%
468
+33.3%
502
+100.0%

Summary: Rancho Penasquitos housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -42.9%. The inventory for 3 bedroom homes decreased by -16.7%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Rancho Penasquitos, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Rancho Penasquitos, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Rancho Penasquitos in February 2025, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and and 40% were sold over asking.

Days on Market for Rancho Penasquitos, CA

How long does it take to sell a home in Rancho Penasquitos, CA?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Rancho Penasquitos are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 5 homes were sold in Rancho Penasquitos; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
27 DaysThis YearFeb 2025
7 Days1 year agoFeb 2024
+290.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Rancho Penasquitos had an average listing age of 27 days in Feb 2025, up by 290.8% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Rancho Penasquitos, CA

What homes are available in Rancho Penasquitos, CA?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in California

MLS Disclaimers and Copyright

Based on information from California Regional MLS, for the period 03/01/2023 - 03/01/2025

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.