What’s my Escondido Home Worth? Escondido Home Sales in February 2023

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

What’s the Value of my Escondido Home?

Escondido Market Report for February 2023


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


It’s important that buyers and sellers in the Escondido housing market are well-informed about current local market conditions so they can make educated decisions about buying and selling Escondido homes for sale. This is particularly important in our changing market!



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.


92 homes sold in February, 15% more than last month (80). Here’s a summary of the housing activity.


Single Family Homes Sold
72 (down by 1); 42 Average Days on Market; Average Sales Price $908,511 (up 8%); the Average Sales Price was 98% of original asking price.

Condos, Townhomes & Duplexes Sold
21 (up 163%); 37 Average Days on Market; Average Sales Price $495,542 (up 32%); the Average sales price was 96% of original asking price.


Overall home sales in February increased from January. Detached single family home sales dropped by 1, but significantly more condos, townhomes and duplexes were sold. The average sales price increased for single family homes, and was also higher for condos, townhomes and duplexes, compared to January.


The marketing time was shorter for single family homes but still over 1 month, and was also shorter for condos, townhomes and twinhomes. Sales prices ranged from $263,000 to $3,250,000.


The majority of the buyers negotiated their purchase prices down from original list price. However, 42% paid asking price or higher for their new homes, more than did so last month.


Plenty of buyers decided quickly about touring homes and making successful offers; 30% of the homes were pending in 1 week or less, more than in January.


Condos in Escondido CA


The median sales price of the single family homes was $810,000 (up 6%), and $500,000 (up 26%) for condos, townhomes and duplexes compared to last month.


There were 14 Escondido homes on the market with an Active Under Contract Status, compared to 9 last month. These are included in the statistics below.


At the end of February there were 101 homes for sale in Escondido, down 21% and another decline. List prices range from $322,500 to $8,700,000.


This represents an inventory of 1.1 months for condos, townhomes and duplexes (down from 2.3 months last month). There is a 1.2 month supply of single family detached homes (down from 1.4 months last month), based on the rate of sales over the last 3 months. Escondido continues to be a very strong seller’s market for buyers.


72 homes came on the market in February, fewer new listings than in January (91). The number of homes going pending also decreased from last month, from 92 to 84, excluding homes that closed escrow.


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.


Please reach out directly 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.





What’s my Escondido Home Worth? Escondido Real Estate in January 2023

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®

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Comments (4)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Jeff Dowler, CRS  Another great market report on  Escondido. Buyers and sellers would be wise to contact you when looking to buy or sell  

Mar 21, 2023 03:56 PM
Jeff Dowler, CRS

Thank you for the compliment Hannah Williams !


Mar 21, 2023 04:13 PM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Thanks for the report Jeff and I really like those townhomes with the different colors, very unique. Jeff

Mar 21, 2023 04:46 PM
Jeff Dowler, CRS

Thanks Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI  They ARE pretty cool looking.


Mar 21, 2023 07:41 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Those are some significant numbers with increased sales and values such as they are.

You know that area and are also a pioneer in the title format as I saw several similar this morning on market reports.

Mar 22, 2023 05:59 AM
Jeff Dowler, CRS

Escondido remains a pretty strong market Ed Silva . And thannks for the compliment!


Mar 22, 2023 02:33 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for sharing your market update about Escondido.  This is the sort of information that we all need at our finger tips for our own markets. 

Mar 22, 2023 06:41 AM
Jeff Dowler, CRS

Thank you Lise Howe  I completely agree, especially as things continue to shift.


Mar 22, 2023 02:34 PM