Is Escondido, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Escondido has remained a Seller's Market.
Housing Prices in Escondido, CA
How much do homes in Escondido, CA cost?
Median Sold Price
$830,064
$482/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Escondido was $830,064 in May 2024, up 16.1% from last year, and the median price per square foot was $482.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.6K | $375K | +11.1% |
2 Bedrooms | $495.8K | $544.5K | +9.8% |
3 Bedrooms | $700K | $804.7K | +15.0% |
4 Bedrooms | $925.4K | $1.0M | +9.1% |
5+ Bedrooms | $1.1M | $1.1M | +8.0% |
Summary: Escondido housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Escondido | $715K | $830K | +16.1% |
San Diego | $850.1K | $921.7K | +8.4% |
Oceanside-Escondido | $831K | $897K | +7.9% |
San Marcos | $870K | $925K | +6.3% |
Valley Center | $876K | $900K | +2.7% |
Housing Supply in Escondido, CA
How many homes are available in Escondido, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
341 | 388 | +13.8% |
Summary: The Escondido real estate market had 388 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 63 | 62 | -1.6% |
3 Bedrooms | 123 | 141 | +14.6% |
4 Bedrooms | 103 | 119 | +15.5% |
5+ Bedrooms | 46 | 57 | +23.9% |
Summary: The Escondido housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 23.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 112 | +17.9% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 112 homes were sold or pending in Escondido in May 2024, up by 17.9% month-over-month. Of the 112 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Escondido, CA
How long does it take to sell a home in Escondido, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 17 Days | -9.8% |
Summary: Homes in Escondido had an average of 17 days on market in May 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 112 homes were sold in Escondido; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.