Market Journal IQ: San Diego
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North County Inland · ZIP 92129

Rancho Peñasquitos

A family-favorite community of established neighborhoods, canyon trails, and top-rated Poway Unified schools — often just called PQ.

All regions  ›  North County Inland  ›  Rancho Peñasquitos
This report covers Rancho Peñasquitos (ZIP 92129) — an established, school-driven community in inland North County. Figures lead with the trailing-3-month median to keep the read steady.
All Homes
$1.34M
Median · trailing 3 mo  ▲ 26% / 5-yr
2.0Months supply
7Days on market
100.0%Of original price
$650Price / sq ft
Recent

Up ~26% over five years

Peñasquitos is about as competitive as San Diego gets right now: homes are selling in about a week and at full original price. Buyers here move fast.

Present · August 2026

Where it stands today

The trailing-3-month median sits around $1.34M, with about 2.0 months of supply, homes selling near 100.0% of original price, and a median of roughly 7 days on market.

What It Means For You

For buyers

PQ homes sell in roughly a week at full ask, so come pre-approved and decisive. The trade-off is real value: great schools, trails, and family neighborhoods.

For sellers

This is a seller's dream stretch — a week on market and 100% of original price. Sharp preparation and pricing can still push results above the trend.

Outlook & What to Watch

Inventory

Supply is running around 2.0 months. As long as listings stay scarce, prices hold firm; a meaningful rise in inventory would be the first sign of easing.

Mortgage rates

Rates sit higher than they were a couple of years ago — the main headwind on demand. A meaningful drop would likely bring buyers off the sidelines quickly.

Rancho Peñasquitos in focus

Rock-bottom supply, one-week sales, and full-price results make Peñasquitos one of the strongest seller's markets in the county.

Read the trend, not the month

This is a focused market, so a single month's median can spike or dip. Weigh the multi-year trajectory — the bold trend line above — over any one data point.

Thinking about buying or selling in Rancho Peñasquitos? For an honest read on your specific street and price point, reach out — 619-889-0708.