What’s the Value of my San Marcos Home?
San Marcos Market Report for January 2025
The San Marcos real estate market continues to change. This report does not include private sales, mobile homes or multi-family housing (the information is taken from the MLS and believed accurate at the time this report was published but is not guaranteed).
It’s important that buyers and sellers have current information about local market conditions in order to make educated buying and/or selling decisions about San Marcos homes for sale.
READ MORE:
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
48 homes sold in January in San Marcos’ 2 zip codes (92069 and 92078), 1 more sale than last month. Here’s the breakdown of activity.
Single Family Homes Sold
34 (up by 7); 31 Average Days on Market; The Average Sales Price was $1,213,967 (up 3%); Average sale price was 97% of original asking price.
Condos, Townhomes and Duplexes Sold
14 (down by 6); 51 Average Days on Market; The Average Sales Price was $685,035 (up 14%); Average sale price was 97% of original asking price.
The overall sales volume in January rose by 1 from last month. There were more single family homes sold, while condo, townhome and duplex sales declined. The average sales price increased modestly for single family homes, while the average price was substantially higher for condos, townhomes, and duplexes. January sales prices ranged from $305,000 to $2,468,000.
10 more single family homes sold in 2025 than 1 year ago, while there were 3 fewer condo, townhome and duplex sales in 2025. The average sales price for single family homes in 2025 was 17% higher than 1 year ago (while the median was 21% higher). Similarly, the average sales price was 10% higher in January 2025 for condos, townhomes and duplexes while the median price shifted up by 4%.
The average time on the market in January was 8 days shorter for single family homes, but was 13 days longer for condos, townhomes and duplexes compared to last month. 17% of the homes went pending in 6 days or less.
While most home buyers were able to negotiate their sales prices, 29% paid asking price or more. The median sales price of the single family homes was $1,127,500 (up 5% from December), and was 1% lower for condos, townhomes and duplexes at $692,500.
There were 4 San Marcos home for sale at the end of January with an Active Under Contract status, versus 3 last month. These homes are included in the overall Active statistics below.
The San Marcos housing inventory rose substantially by 23% with 96 homes for sale at the end of the month. List prices range from $319,000 to $4,000,000. There is a supply of 2 months for condos, townhomes and duplexes (up from 1.7 months last month), and 1.8 months for single family homes (up from 1.3 months last month), based on the rate of sales over the last 3 months.
San Marcos remains a very strong seller’s market based on supply and demand.
69 new listings came on the market in January, a large increase from last month’s 28. The number of homes going pending rose slightly, from 35 to 36, excluding homes that closed escrow in January.
This review of the San Marcos housing market is based on information found in the MLS. I’m happy to share more details for neighborhoods that are of interest to you (e.g., San Elijo Hills, Lake San Marcos, Santa Fe Hills).
Please reach out to me directly or by text at (760) 840-1360 to discuss your personal housing needs, timing, lifestyle, budget, and questions. Then we can work together to create a plan to buy your new San Marcos home if that’s your desire.
Are you thinking about selling your San Marcos home? Let’s talk about the current market conditions that may impact your home sale and review a customized market and equity analysis. Then we can develop a strategy to sell your home for the best price, terms and conditions.
If you would like to know more about your home’s current market value let’s talk. Please feel free to reach out to me directly or by text at (760) 840-1360.
SEARCH FOR SAN MARCOS HOMES FOR SALE
READ MORE:
What’s My San Marcos Home Worth? San Marcos Real Estate Market Report December 2024
Comments(3)