Is San Marcos, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$360,992
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Marcos was $360,992 in May 2024, up 0.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $155K | -52.3% |
2 Bedrooms | $300K | $403.8K | +34.6% |
3 Bedrooms | $349K | $325.1K | -6.8% |
4 Bedrooms | $396.8K | $395.2K | -0.4% |
5+ Bedrooms | $491K | $432.8K | -11.8% |
Summary: San Marcos housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.3%, 2 bedroom homes increased by 34.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Cities
San Marcos | $360K | $360.9K | 0.3% |
Maxwell | $317.1K | $314.7K | -0.8% |
Kyle | $365K | $350K | -4.1% |
Northeast Guadalupe | $400K | $380K | -5.0% |
Kyle-Buda | $398.6K | $369.6K | -7.3% |
Housing Supply in San Marcos, TX
How many homes are available in San Marcos, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
437 | 530 | +21.3% |
Summary: The San Marcos real estate market had 530 homes for sale in May 2024, a 21.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 55 | 69 | +25.5% |
3 Bedrooms | 185 | 212 | +14.6% |
4 Bedrooms | 162 | 197 | +21.6% |
5+ Bedrooms | 31 | 46 | +48.4% |
Summary: The San Marcos housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 48.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 62 | +12.7% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in San Marcos in May 2024, up by 12.7% month-over-month. Of the 62 sold homes, 58% were sold under asking, 32% were sold at asking, and 10% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
89 Days | 80 Days | -9.8% |
Summary: Homes in San Marcos had an average of 80 days on market in May 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 62 homes were sold in San Marcos; 37% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.