Is San Marcos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, San Marcos has remained a Seller's Market.
Housing Prices in San Marcos, CA
How much do homes in San Marcos, CA cost?
Median Sold Price
$928,800
$537/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in San Marcos was $928,800 in June 2024, up 6.9% from last year, and the median price per square foot was $537.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $354.9K | $205.2K | -42.2% |
2 Bedrooms | $625K | $680.5K | +8.9% |
3 Bedrooms | $809.3K | $889K | +9.8% |
4 Bedrooms | $1.0M | $1.1M | +10.8% |
5+ Bedrooms | $1.3M | $1.4M | +10.2% |
Summary: San Marcos housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.2%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
Escondido | $725K | $837.5K | +15.5% |
Vista | $784.9K | $869.1K | +10.7% |
Carlsbad | $1.3M | $1.4M | +9.5% |
Oceanside-Escondido | $829.5K | $899.9K | +8.5% |
San Marcos | $869.1K | $928.8K | +6.9% |
Housing Supply in San Marcos, CA
How many homes are available in San Marcos, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
231 | 234 | +1.3% |
Summary: The San Marcos real estate market had 234 homes for sale in June 2024, a 1.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 40 | 45 | +12.5% |
3 Bedrooms | 82 | 78 | -4.9% |
4 Bedrooms | 65 | 71 | +9.2% |
5+ Bedrooms | 37 | 35 | -5.4% |
Summary: The San Marcos housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 5.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
75 | 68 | -9.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in San Marcos in June 2024, down by 9.3% month-over-month. Of the 68 sold homes, 46% were sold under asking, 10% were sold at asking, and 44% were sold over asking.
Days on Market for San Marcos, CA
How long does it take to sell a home in San Marcos, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 16 Days | -2.7% |
Summary: Homes in San Marcos had an average of 16 days on market in Jun 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 68 homes were sold in San Marcos; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.