$4,928 Closing Credit*
$415,000
962 SqFt
2 Beds
•2 Full Baths
Pamela Adamson, Listing Office: eXp Realty of California, Inc
Is Lake San Marcos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake San Marcos has remained a Seller's Market.
Key Takeaway
Lake San Marcos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake San Marcos, CA
How much do homes in Lake San Marcos, CA cost?
Median Sold Price
$875,000
$610/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,500(-3.0%)
Key Takeaway
Homes in Lake San Marcos have sold for 3% less than they did a year ago.
Summary: The median home sold price in Lake San Marcos was $875,000 in November 2024, down 3% from last year, and the median price per square foot was $610.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.5K | $189K | +1.9% |
| 2 Bedrooms | $815K | $690K | -15.3% |
| 3 Bedrooms | $1.1M | $1.1M | +1.2% |
| 4 Bedrooms | $1.1M | $1.6M | +36.7% |
| 5+ Bedrooms | - | $1.6M | N/A |
Summary: Lake San Marcos housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| San Elijo Hills | $895.5K | $1.2M | +35.7% |
| Rancho Carrillo | $1.3M | $1.5M | +17.0% |
| Discovery Hills | $900K | $950K | +5.6% |
| Lake San Marcos | $902.5K | $875K | -3.0% |
Housing Supply in Lake San Marcos, CA
How many homes are available in Lake San Marcos, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Summary: The Lake San Marcos real estate market had 40 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lake San Marcos housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake San Marcos, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lake San Marcos in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Lake San Marcos, CA
How long does it take to sell a home in Lake San Marcos, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 38 Days | +104.1% |
Summary: Homes in Lake San Marcos had an average of 38 days on market in Nov 2024, up by 104.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake San Marcos are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Lake San Marcos; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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.