Is San Marcos, 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, San Marcos has remained a Seller's Market.
Housing Prices in San Marcos, CA
How much do homes in San Marcos, CA cost?
Median Sold Price
$925,000
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Marcos was $925,000 in May 2024, up 6.3% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $354.9K | $205K | -42.2% |
2 Bedrooms | $625K | $682.5K | +9.2% |
3 Bedrooms | $807.5K | $889.5K | +10.2% |
4 Bedrooms | $1.0M | $1.1M | +10.7% |
5+ Bedrooms | $1.3M | $1.4M | +9.0% |
Summary: San Marcos housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Escondido | $715K | $830K | +16.1% |
Vista | $783K | $860.3K | +9.9% |
Oceanside-Escondido | $831K | $897K | +7.9% |
Carlsbad | $1.3M | $1.4M | +7.4% |
San Marcos | $870K | $925K | +6.3% |
Housing Supply in San Marcos, CA
How many homes are available in San Marcos, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
212 | 231 | +9.0% |
Summary: The San Marcos real estate market had 231 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 32 | 38 | +18.8% |
3 Bedrooms | 81 | 88 | +8.6% |
4 Bedrooms | 57 | 67 | +17.5% |
5+ Bedrooms | 34 | 31 | -8.8% |
Summary: The San Marcos housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes decreased by 8.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 69 | +19.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in San Marcos in May 2024, up by 19.0% month-over-month. Of the 69 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.
Days on Market for San Marcos, CA
How long does it take to sell a home in San Marcos, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 23 Days | +8.7% |
Summary: Homes in San Marcos had an average of 23 days on market in May 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 69 homes were sold in San Marcos; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.