Is San Marcos, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Marcos is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, San Marcos has remained a Seller's Market.

Key Takeaway

San Marcos is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in San Marcos, CA

How much do homes in San Marcos, CA cost?

Median Sold Price

$891,066

$521/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$22,816(+2.6%)

Key Takeaway

Homes in San Marcos have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in San Marcos was $891,066 in February 2024, up 2.6% from last year, and the median price per square foot was $521.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $390K$195.2K
-49.9%
2 $585K$682.5K
+16.7%
3 $825K$877.2K
+6.3%
4 $1.0M$1.0M
-0.5%
5+ $1.3M$1.4M
+8.9%

Summary: San Marcos housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.9%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 8.9%.

Median Sold Price Compared To Nearby Cities

Escondido
+11.6%
Vista
+8.7%
Carlsbad
+3.7%
San Marcos
+2.6%
Oceanside-Escondido
+2.5%

Housing Supply in San Marcos, CA

How many homes are available in San Marcos, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
137142+3.6%

Summary: The San Marcos real estate market had 142 homes for sale in February 2024, a 3.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 67
+16.7%
2 3637
+2.8%
3 5044
-12.0%
4 3539
+11.4%
5+ 1015
+50.0%

Summary: The San Marcos housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4034-15.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Marcos, you could pay more than the asking price. 44.1% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in San Marcos in February 2024, down by 15.0% month-over-month. Of the 34 sold homes, 29% were sold under asking, 26% 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

Feb 2023Feb 2024CHANGE
45 Days18 Days-59.3%

Summary: Homes in San Marcos had an average of 18 days on market in Feb 2024, down by 59.3% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Marcos are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 34 homes were sold in San Marcos; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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