What’s my San Marcos Home Worth? San Marcos Home Sales in January 2023

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 January 2023


San Elijo town center in San Marcos CAThe San Marcos real estate market continues to evolve each month. The data do not include private sales, mobile homes or multi-family housing (the information is taken from the MLS and believed to be accurate at the time this report was published, but not guaranteed).


Having current information about local market conditions benefits you so you can make informed buying and/or selling decisions about San Marcos homes for sale.



 San Marcos - A Thriving Inland Residential Community

San Elijo Hills – Award-Winning Master Planned Community in San Marcos

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


33 homes sold in January 2022 in San Marcos’ 2 zip codes (92069 and 92078), 6 fewer than last month (down 15%). Here’s the breakdown of overall activity.


Single Family Homes Sold
27 (no change); 27 Average Days on Market; Average Sales Price $1,072,916 (up 11%); Average sale was 96% of original asking price.

Condos, Townhomes and Duplexes Sold
6 (down 50%); 64 Average Days on Market; Average Sales Price $615,458 (up 3%); Average sale was 94% of original asking price.


Overall sales volume in January declined from December. There was no change in the number of single family homes sold, but condo, townhome and duplex sales declined substantially. The average sales price dropped for single family homes, and for condos, townhomes, and duplexes. Sales prices ranged from $339,000 to $3,995,000.


Looking back to January 2022, there were 46% fewer single family home sales in 2023, and 71% fewer sales of condos, townhomes and duplexes. The average sales price for single family homes in 2023 was 4% lower than 1 year ago, but 2% higher in January 2023 for condos, townhomes and duplexes.


The average time on the market (DOM) in January was several days shorter for single family homes, but substantially longer for condos, townhomes and duplexes than last month. 12% of the homes went pending in 7 days or less, fewer than in December.


Many of the buyers were able to negotiate their sales prices in January. However, at the same time 30% of the buyers paid asking price or higher, more than last month. The median sales price of the single family homes was $1,075,000 (up 26%), and $635,000 (up 4%) for condos, townhomes and duplexes. 


There were 2 San Marcos homes for sale at the end of January with an Active Under Contract status, compared to 1 last month. These homes are included in the overall Active statistics below.                                                                                                                                                                                   

Homes in San Marcos CA


The San Marcos housing inventory dropped again in January, with 60 homes for sale at the end of the month (down by 26%). List prices range from $335,000 to $3,995,000. This is a supply of 2.4 months for condos, townhomes and duplexes (up from 1.8 months last month), and 1.2 months for single family homes (down from 1.7 months last month), based on the rate of sales over the last 3 months.


San Marcos continues to be a very strong seller’s market based on current supply and demand.


There were more new listings coming on the market in January, 56,  which was double the number in December. The number of homes going pending also increased substantially to 58 (versus 30 in December), excluding homes that closed in January.


This overview of the San Marcos real estate market is based on data in the MLS. I can share more specifics regarding current activity, and for particular neighborhoods (e.g., San Elijo Hills, Twin Oaks, Lake San Marcos, Santa Fe Hills).


Given the shifting market should we talk about your real estate plans? Please contact me at (760) 840-1360 directly or via text to discuss your personal housing needs, timing, lifestyle, budget, and questions. We can then develop a strategy to buy your new San Marcos home.


Are you thinking about selling your San Marcos home? Let’s discuss the current market conditions that will affect your sale, and review a market and equity analysis. Then we can create a plan to sell your home quickly for the best price, terms and conditions.


If you are simply interested in your home’s current estimated market value, please reach out to me at (760) 840-1360.





What’s My San Marcos Home Worth? San Marcos Real Estate Market Report December 2022

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®

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Comments (4)

Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - I have a sneaky suspicion that as we move through the year, the average sales price will get closer to the list price.  I think that agents and sellers will position these homes and condos more competitively.  

Feb 08, 2023 06:34 PM
Jeff Dowler, CRS

I think that's an excellent point Sheri Sperry - MCNE®  and I agree. Time will tell.


Feb 08, 2023 07:52 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff without reading the post my guess it will be less than the last two years:)Endre

Feb 08, 2023 11:43 PM
Jeff Dowler, CRS

There certainly have been some changes in San Marcos housing, Endre Barath, Jr. 

Thank you for stopping by!


Feb 09, 2023 09:02 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Having spent a bit of time in San Marcos, I can attest that it would be a nice place to call home.  Anyone interested in living there should definitely be giving Jeff Dowler, CRS a call.

Feb 09, 2023 04:21 AM
Jeff Dowler, CRS

There's a lot to like about San Marcos Brian England.  Thank you for the kind words of encouragement!


Feb 09, 2023 09:03 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

San Marcos home buyers and sellers are certain to value your real estate market report, Jeff.

Feb 10, 2023 01:13 AM