Is San Marcos, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$914,085
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Marcos was $914,085 in April 2024, up 6.3% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $374.9K | $205.2K | -45.3% |
2 Bedrooms | $599.9K | $687K | +14.5% |
3 Bedrooms | $810K | $880K | +8.6% |
4 Bedrooms | $1.0M | $1.1M | +4.9% |
5+ Bedrooms | $1.3M | $1.4M | +7.6% |
Summary: San Marcos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.3%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Escondido | $715.7K | $820K | +14.6% |
Vista | $779K | $859.7K | +10.4% |
San Marcos | $859.9K | $914K | +6.3% |
Carlsbad | $1.3M | $1.4M | +5.9% |
Oceanside-Escondido | $837.3K | $882.1K | +5.3% |
Housing Supply in San Marcos, CA
How many homes are available in San Marcos, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 206 | +14.4% |
Summary: The San Marcos real estate market had 206 homes for sale in April 2024, a 14.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 32 | 33 | +3.1% |
3 Bedrooms | 64 | 72 | +12.5% |
4 Bedrooms | 48 | 60 | +25.0% |
5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The San Marcos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 57 | +9.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in San Marcos in April 2024, up by 9.6% month-over-month. Of the 57 sold homes, 23% were sold under asking, 9% were sold at asking, and 68% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 16 Days | -18.4% |
Summary: Homes in San Marcos had an average of 16 days on market in Apr 2024, down by 18.4% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in San Marcos; 81% 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.