Is Escondido, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$815,000
$475/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Escondido was $815,000 in March 2024, up 13.2% from last year, and the median price per square foot was $475.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322K | $371.1K | +15.3% |
2 Bedrooms | $502.5K | $541K | +7.7% |
3 Bedrooms | $705K | $795K | +12.8% |
4 Bedrooms | $907K | $973.6K | +7.4% |
5+ Bedrooms | $1.0M | $1.2M | +10.8% |
Summary: Escondido housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
Escondido | $720.2K | $815K | +13.2% |
San Diego | $853.5K | $905.2K | +6.1% |
San Marcos | $868.8K | $899.9K | +3.6% |
Oceanside-Escondido | $849.3K | $875.5K | +3.1% |
Valley Center | $906K | $882.4K | -2.6% |
Housing Supply in Escondido, CA
How many homes are available in Escondido, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
309 | 309 | 0.0% |
Summary: The Escondido real estate market had 309 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 47 | 54 | +14.9% |
3 Bedrooms | 118 | 120 | +1.7% |
4 Bedrooms | 110 | 99 | -10.0% |
5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The Escondido housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 101 | -1.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Escondido in March 2024, down by 1.0% month-over-month. Of the 101 sold homes, 34% were sold under asking, 19% were sold at asking, and 48% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 18 Days | -55.6% |
Summary: Homes in Escondido had an average of 18 days on market in Mar 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 101 homes were sold in Escondido; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.