What’s my Escondido Home Worth? Escondido Home Sales for October 2022

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

What’s the Value of my Escondido Home?

Escondido Market Report for October 2022

 

California Center for the Arts in Escondido CAWestern Escondido is approximately 20 miles inland from the beaches, and east of San Marcos and Fallbrook, in North San Diego County.

 

It’s important for buyers and sellers in the Escondido housing market to be educated about current local market conditions so they can make informed decisions about buying and selling Escondido homes for sale. This is particularly important with today’s shifting market!

 

READ MORE:

A Tour of Escondido – A Diverse Inland San Diego Community

 

The following data are based on the MLS (private sales are not included in these statistics, nor are multifamily properties, or mobile and manufactured homes). The statistics are believed to be reliable at the time this report was compiled but are not guaranteed.

 

93 homes sold in October, 15% fewer than last month. Here’s a summary of the housing activity

 

Single Family Homes Sold
77 (down 14%); 27 Average Days on Market; Average Sales Price $866,010 (down 6%); Average Sales Price was 96% of original asking price

Condos, Townhomes & Duplexes Sold
16 (down by 3); 17 Average Days on Market; Average Sales Price $415,768 (down 14%); Average sales price was 97% of original asking price

 

Overall home sales in October dropped from last month. Detached single family sales were lower, as were condo, townhome and duplex sales. The average sales price dropped modestly for single family homes, and was also lower for condos, townhomes and duplexes, compared to September.

 

The marketing time (DOM or Days on Market) did not change for single family homes, but dropped for condos, townhomes and twinhomes. Sales prices ranged from $295,000 to $2,600,000.

 

The majority of buyers negotiated their purchase prices down from original list price. However, 38% paid asking price or higher for their new homes, fewer than last month. Supply and demand continue to have an impact on prices and competition.

 Homes in Rimrock Estates in Escondido CA

Some buyers decided quickly about touring homes and making successful offers; 29% of the homes were pending in 1 week or less, about the same as in September.

 

The median sales price of the single family homes was $765,000 (down 10%), and $388,500 (down 19%) for condos, townhomes and duplexes compared to last month.

 

There were 5 Escondido homes on the market with an Active Under Contract Status, compared to 6 last month. These are included in the following statistics.

 

At the end of October there were 268 homes for sale in Escondido, up 6% from 254 last month, another increase and good news for buyers. List prices range from $338,000 to $4,000,000.

 

This represents an inventory of 1.6 months for condos, townhomes and duplexes (the same as last month). There is a 2.5 month supply of single family detached homes (up from 2.1 months last month), based on the rate of sales over the last 3 months. Escondido remains a very strong seller’s market for buyers.

 

148 homes came on the market in October, just 2 fewer new listings than in September. The number of homes going pending improved from last month, up by 3 to 84 excluding homes that closed escrow. It was a fairly active month for buying and selling in Escondido!

 

I’m happy to share more detailed information about up-to-date real estate activity in the Escondido housing market, in specific zip codes, and for neighborhoods that interest you, and to answer your questions about the local market conditions. I can also assist you with the purchase and/or sale of an Escondido home.

 

Please reach out to me by phone or text at (760) 840-1360 so we can discuss your particular housing needs, lifestyle, and budget. Then we can plan a strategy to buy your new Escondido home when the timing is right for you!

 

If you are planning to sell your home in Escondido, I will provide a market value and equity analysis, and we can discuss your specific plans and timing. With that information we can create a plan to get your home sold quickly for the best price, terms, and conditions.

 

SEARCH FOR ESCONDIDO HOMES FOR SALE

 

READ MORE:

What’s my Escondido Home Worth? Escondido Real Estate in September 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (6)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Jeff,

If sellers are interesting in selling their home in Escondido, they need to reach out to you, the agent in the know, to discuss the market and their specific plans and timing.

Nov 25, 2022 11:57 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Jeff - thanks for a wonderful market report on escondido sales!  Have a great week to come

Nov 25, 2022 07:56 PM
Jeff Dowler, CRS

Thank you Lise Howe 

Hope you had a wonderful Holiday.

Jeff

Nov 27, 2022 10:06 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Dorie Dillard Austin TX 

Thank you for the encouragement! Always happy to help sellers.

Jeff

Nov 26, 2022 09:46 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am in Escondido as we speak, ready to soak up all it has to offer me for a week, haha.

Nov 27, 2022 05:24 AM
Jeff Dowler, CRS

Enjoy yourself Brian England .

Looking forward to the meet-up on the 12th!

Jeff

Nov 27, 2022 10:06 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Escondido home buyers and sellers are sure to value your real estate market report, Jeff.

Nov 29, 2022 01:24 PM
Jeff Dowler, CRS

I hope that's true Myrl Jeffcoat 

Thank you for the compliment.

Jeff

Dec 01, 2022 03:24 PM
Roy Kelley
Retired - Gaithersburg, MD

Prospective home sellers are in very good hands when they seek your professional real estate advice and assistance.

Dec 01, 2022 07:13 AM