$4,927 Closing Credit*
$414,900
2,392 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mona Hill, Listing Office: LGI Homes
Is San Marcos, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, San Marcos was a Seller's Market.
Key Takeaway
San Marcos is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in San Marcos, TX
How much do homes in San Marcos, TX cost?
Median Sold Price
$350,885
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,973(-2.5%)
Key Takeaway
Homes in San Marcos have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in San Marcos was $350,885 in October 2024, down 2.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $140K | -6.7% |
| 2 Bedrooms | $295K | $443.3K | +50.3% |
| 3 Bedrooms | $335.8K | $329.9K | -1.7% |
| 4 Bedrooms | $399.6K | $374K | -6.4% |
| 5+ Bedrooms | $499.9K | $423.5K | -15.3% |
Summary: San Marcos housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 50.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Maxwell | $299.9K | $308.3K | +2.8% |
| Kyle | $355.2K | $349.9K | -1.5% |
| San Marcos | $359.8K | $350.8K | -2.5% |
| Kyle-Buda | $376.3K | $361.1K | -4.0% |
| Northeast Guadalupe | $505K | $339K | -32.9% |
Housing Supply in San Marcos, TX
How many homes are available in San Marcos, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 443 | 481 | +8.6% |
Summary: The San Marcos real estate market had 481 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 57 | 68 | +19.3% |
| 3 Bedrooms | 180 | 194 | +7.8% |
| 4 Bedrooms | 164 | 169 | +3.0% |
| 5+ Bedrooms | 35 | 43 | +22.9% |
Summary: The San Marcos housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 64 | +45.5% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Marcos, you may be able to get a good deal. 64.1% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in San Marcos in October 2024, up by 45.5% month-over-month. Of the 64 sold homes, 64% were sold under asking, 28% were sold at asking, and 8% were sold over asking.
Days on Market for San Marcos, TX
How long does it take to sell a home in San Marcos, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 80 Days | +9.2% |
Summary: Homes in San Marcos had an average of 80 days on market in Oct 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in San Marcos are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 64 homes were sold in San Marcos; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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