What’s the Value of My Carlsbad Home?
Carlsbad Market Report for February 2025
The Carlsbad real estate market continues to shift, with changes from January as well as 1 year ago. Private sales, mobile homes and multi-family housing are not included (the numbers are taken from the MLS and believed to be accurate as reported but are not guaranteed).
Media market reports typically are very general in nature. As a result they do not reflect local Carlsbad housing market conditions (read more - How Local IS Local?). Up-to-date information, and analysis, about local market conditions will benefit you when you need to make informed buying and/or selling decisions about Carlsbad homes for sale.
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95 homes sold in Carlsbad in February (92008, 92009, 92010 and 92011), up by 46% from January. Here are the specifics:
Single Family Homes Sold
52 (up 33%); 32 Average Days on Market; Average Sales Price was $1,909,137 (down 4%); Average Sales Price was 98% of original asking price.
Condos, Townhomes & Duplexes Sold
43 (up 65%); 44 Average Days on Market; Average Sales Price was $975,347 (up 15%); Average Sales Price was 97% of original asking price.
Carlsbad home sales in February increased significantly from January. Single family home sales rose substantially while condo, townhome and duplex sales did as well. The average sales price was modestly lower for single family homes, but was higher for condos, townhomes and duplexes. February sales prices ranged from $480,000 to $5,189,424.
The average time on the market was about the same as last month for single family homes. The average time on the market increased from last month by 1 week for condos, townhomes, and duplexes.
Four fewer single family homes sold in February 2025 than 1 year ago. 43 condos, townhomes and duplexes sold in February 2025 compared to 29 in 2024. The average sales price year over year was 2% lower for single family homes in February 2025 (the median price was 4% higher). In contrast, the average sales price was 2% higher for condos, townhomes and duplexes sold in February 2025 compared to 1 year ago; the median price was 8% higher in 2025.
Plenty of buyers made quick decisions to tour houses and submit successful offers. 33% of the homes went pending in 7 days or less, more than last month. As a result, it’s still important for homebuyers to be ready to make quick decisions in the Carlsbad housing market.
A little over half of the buyers negotiated their home purchase prices down from list price. However, 48% paid asking price or more for their homes. Buyer competition continues, and it’s important to keep this in mind during your home search and when planning your offer strategy!
The median sales price for single family detached homes was $1,856,250 down from $1,886,000 in January. The median price was $920,220 for condos, townhomes and duplexes, compared to $815,000 last month.
There were 7 homes in Carlsbad at the end of February with an Active Under Contract status, compared to 9 last month. These homes are technically still active but may not allow further showings or accept back-up offers. They are included in the statistics below.
Inventory at the end of February (172) was up by 5% from last month (164), which is more good news for buyers. List prices range from $500,000 to $23,900,000.
There is a 2.5 month supply of condos, townhomes and duplexes (down from 2.9 months last month), and a supply of 1.8 months for single family homes (down from 1.9 months last month), based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ housing market.
103 new listings hit the market in February, compared to 123 last month, a substantial decrease. 64 homes went pending (excluding homes that closed in February), compared to 67 last month, a modest decline.
This overview of the Carlsbad housing market is based on information found in the MLS. I’m happy to share other details about recent housing activity, including neighborhoods that interest you such as La Costa, Aviara, Bressi Ranch, and Calavera Hills.
Please reach out to me directly or via text at (760) 840-1360 to discuss your particular housing needs, timing, lifestyle, budget, and questions. Together we can develop a strategy to buy your new Carlsbad home, and/or sell your current Carlsbad home, depending on your plans.
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