Is San Marcos, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, San Marcos was a Seller's Market.
Housing Prices in San Marcos, TX
How much do homes in San Marcos, TX cost?
Median Sold Price
$364,717
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in San Marcos was $364,717 in March 2024, up 3.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $124K | -23.7% |
2 Bedrooms | $282K | $328.8K | +16.6% |
3 Bedrooms | $350K | $335.5K | -4.1% |
4 Bedrooms | $388.7K | $412K | +6.0% |
5+ Bedrooms | $491K | $496.3K | +1.1% |
Summary: San Marcos housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.7%, 2 bedroom homes increased by 16.6%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in San Marcos, TX
How many homes are available in San Marcos, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
362 | 383 | +5.8% |
Summary: The San Marcos real estate market had 383 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 41 | 52 | +26.8% |
3 Bedrooms | 162 | 150 | -7.4% |
4 Bedrooms | 142 | 152 | +7.0% |
5+ Bedrooms | 16 | 25 | +56.3% |
Summary: The San Marcos housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 26.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 56.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 49 | -10.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in San Marcos in March 2024, down by 10.9% month-over-month. Of the 49 sold homes, 61% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for San Marcos, TX
How long does it take to sell a home in San Marcos, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 116 Days | +51.7% |
Summary: Homes in San Marcos had an average of 116 days on market in Mar 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in San Marcos; 22% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.