$10,000 Closing Credit*
$1,399,000
2,917 SqFt
4 Beds
•2 Full Baths, 1 Partial
Greg Amat, Listing Office: Compass California III, Inc. dba Compass
Is Escondido, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Escondido was a Seller's Market.
Key Takeaway
Escondido is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Escondido, CA
How much do homes in Escondido, CA cost?
Median Sold Price
$838,985
$491/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$69,221(+9.0%)
Key Takeaway
Homes in Escondido have sold for 9% more than they did a year ago.
Summary: The median home sold price in Escondido was $838,985 in September 2024, up 9% from last year, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342.6K | $369K | +7.7% |
| 2 Bedrooms | $515K | $562.5K | +9.2% |
| 3 Bedrooms | $735K | $811.6K | +10.4% |
| 4 Bedrooms | $951.7K | $1.0M | +8.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +5.7% |
Summary: Escondido housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Escondido | $769.7K | $838.9K | +9.0% |
| San Diego | $870.5K | $944.4K | +8.5% |
| Oceanside-Escondido | $849.7K | $900.1K | +5.9% |
| Valley Center | $879.9K | $920K | +4.5% |
| San Marcos | $889.6K | $929.1K | +4.4% |
Housing Supply in Escondido, CA
How many homes are available in Escondido, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 397 | 426 | +7.3% |
Summary: The Escondido real estate market had 426 homes for sale in September 2024, a 7.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 12 | -7.7% |
| 2 Bedrooms | 70 | 76 | +8.6% |
| 3 Bedrooms | 150 | 168 | +12.0% |
| 4 Bedrooms | 120 | 121 | +0.8% |
| 5+ Bedrooms | 44 | 49 | +11.4% |
Summary: The Escondido housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 91 | 63 | -30.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Escondido, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 63 homes were sold or pending in Escondido in September 2024, down by 30.8% month-over-month. Of the 63 sold homes, 32% were sold under asking, 25% were sold at asking, and 43% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 16 Days | 23 Days | +46.4% |
Summary: Homes in Escondido had an average of 23 days on market in Sep 2024, up by 46.4% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Escondido are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 63 homes were sold in Escondido; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% 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.