Is Central Escondido, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Escondido has remained a Seller's Market.
Key Takeaway
Central Escondido is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Escondido, CA
How much do homes in Central Escondido, CA cost?
Median Sold Price
$635,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Escondido have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Central Escondido was $635,000 in April 2024, down 0.8% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.6K | $376.5K | +13.2% |
| 2 Bedrooms | $432.5K | $525K | +21.4% |
| 3 Bedrooms | $650K | $715K | +10.0% |
| 4 Bedrooms | $802.5K | $835K | +4.0% |
| 5+ Bedrooms | $792K | $960K | +21.2% |
Summary: Central Escondido housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Midway | $649.5K | $707.5K | +8.9% |
| North Broadway | $707K | $749.9K | +6.1% |
| East Valley | $926.1K | $930K | 0.4% |
| Central Escondido | $640K | $635K | -0.8% |
Housing Supply in Central Escondido, CA
How many homes are available in Central Escondido, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 51 | +2.0% |
Summary: The Central Escondido real estate market had 51 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 25 | 16 | -36.0% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Central Escondido housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 36%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Escondido, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Central Escondido in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 7% were sold under asking, 29% were sold at asking, and 64% were sold over asking.
Days on Market for Central Escondido, CA
How long does it take to sell a home in Central Escondido, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 12 Days | -37.3% |
Summary: Homes in Central Escondido had an average of 12 days on market in Apr 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Escondido are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Central Escondido; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.