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.
Key Takeaway
Escondido is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Escondido have sold for 13.2% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Escondido, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Escondido are selling fast, if you're buying plan to act quickly.
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.
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.