What’s my San Marcos Home Worth? San Marcos Home Sales in October 2021

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What’s the Value of my San Marcos Home?

San Marcos Market Report for October 2021

 

San Elijo Hills town center in San Marcos CAThe San Marcos real estate market continues to shift on a monthly basis. These data do not include private sales, mobile homes or multi-family housing (the data are taken from the MLS and are believed to be accurate at the time this report was published, but are not guaranteed).

 

Having details about current local market conditions benefits you as a seller or buyer so you can make educated decisions about buying and selling San Marcos homes for sale especially in this competitive market.

 

READ MORE:

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Lake San Marcos – Resort and Residential Community in San Marcos, CA

 

In October 2021 there were 129 homes sold in San Marcos’ 2 zip codes (92069 and 92078), 26% fewer home sales than last month. Here’s the breakdown of overall activity:

 

Single Family Homes Sold
73 (down 19%); 15 Average Days on Market; Average Sales Price $989,103 (up 2%); Average sale 104% of original asking price

Condos, Townhomes and Duplexes Sold

23 (down by 41%); 20 Average Days on Market; Average Sales Price $600,978 (down by 3%); Average sale 102% of original asking price

 

Overall sales volume in October declined significantly from last month, in particular for condo, townhome and duplex sales. The average sales price rose slightly for single family homes, but dropped modestly for condos, townhomes, and duplexes. Sales prices ranged from $235,000 to $1,650,000.

 

The average time on the market (DOM) was 1 day shorter for single family homes, but almost 1 week longer for condos, townhomes and duplexes. Home buyers still should expect to make quick decisions about viewing listings that appear to meet their needs, and to make offers quickly. Almost half of the homes, 48%, went pending in 1 week or less.

 

While a number of buyers negotiated sales prices down from list price, the majority of buyers (79%) paid full price or more! The median sales price of single family homes was $926,500 (up 6%), and $639,000 (up 1%) for condos, townhomes and duplexes.

 

San Marcos home at Old Creek Ranch

 

There were 4 San Marcos homes for sale at the end of October with an Active Under Contract status, compared to 3 last month. These homes are included in the overall Active statistics below.                                                                                                                                                                                       

 

The San Marcos housing inventory declined again in October, with 45 homes for sale (vs. 62 last month); list prices range from $132,000 to $1,999,000. This represents an inventory of only 12 days for condos, townhomes and duplexes (down from 15 days last month) and only 12 days for single family homes, down from 13 days in September, based on the rate of sales over the last 3 months.

 

It is still a very strong seller’s market in San Marcos.

 

In October 2021 we again saw fewer new listings, 78, as compared to 89 last month, another decline. The number of homes going pending also dropped modestly from 82 last month to 78 (excluding homes that closed in October). Despite these declines October was still a busy month for buyers and sellers.

 

This overview of the San Marcos real estate market is based on data from the MLS for homes that went under contract in the last month or so and closed in October. I can provide more details regarding current activity, within the zip codes of San Marcos (92078 and 92069), and in neighborhoods that may be of interest including Twin Oaks, San Elijo Hills, Santa Fe Hills, or Lake San Marcos.

 

Let’s talk real estate! Please contact me at (760) 840-1360 to discuss your particular housing needs, timing, lifestyle, and budget, and questions that you have. We will then create a plan to help you buy a new home in San Marcos.

 

Are you considering selling your San Marcos home? Let’s find a time to have a conversation and review current market conditions affecting your sale, discuss a market and equity analysis of your home, and create a strategy that will help your sale happen quickly and for the best price, terms and conditions.

 

SEARCH FOR SAN MARCOS HOMES FOR SALE

 

READ MORE:

What’s My San Marcos Home Worth? San Marcos Real Estate Market Report September 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (9)

Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Days  on market are consistent, sales are down but I would presume it's because inventory is very tight as well.

Nov 15, 2021 05:52 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed Silva  Yep, the inventory makes it particularly challenging, and rising prices are a factor, too, I suspect.

Jeff

Nov 15, 2021 07:48 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

If anyone wants to find out what their San Marcos home is worth, they should be calling Jeff Dowler, CRS to find out.

Nov 16, 2021 04:38 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. California is an interesting market. The news is everyione wants out. And, in reality more people want in! Good times for experienced agents. Enjoy your day.

Nov 16, 2021 05:17 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Jeff - the shift does seem to be a slow one.  You have done a good job of documenting and explaining.

Nov 16, 2021 07:37 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Jeff Dowler, CRS Thank you for taking the time to share this information!  This is exactly the type of information that buyers and sellers need to make informed decisions! Well done!

Nov 16, 2021 07:54 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Even though the market is down there is no inventory in San Marcos and I just don't see too much changing right now.  

Nov 16, 2021 05:30 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Brian England  I am here to help.

Hi Wayne Martin  No doubt there are people leaving but plenty are staying here and buying, and I have a couple of inbound relocations, too!

Jeff

Nov 16, 2021 08:01 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Grant Schneider  The shifts are NOT particularly dramatic, and each month is different. Will be interesting to see what happens through the holidays.

Thank for stopping by.

Jeff

Nov 16, 2021 08:02 PM