What’s the Value of my San Marcos Home?
San Marcos Market Report for February 2025
The San Marcos real estate market continues to shift. 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 essential that buyers and sellers have up-to-date information about local market conditions in order to make informed buying and/or selling decisions about San Marcos homes for sale.
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37 homes sold in February in San Marcos’ 2 zip codes (92069 and 92078), 23% fewer sales than last month. Here’s the breakdown of activity.
Single Family Homes Sold
24 (down 29%); 22 Average Days on Market; The Average Sales Price was $1,163,108 (down 4%); Average sale price was 98% of original asking price.
Condos, Townhomes and Duplexes Sold
13 (down by 1); 45 Average Days on Market; The Average Sales Price was $642,307 (up 1%); Average sale price was 99% of original asking price.
The overall sales volume in February declined from last month. There were substantially fewer single family homes sold, while condo, townhome and duplex sales declined just slightly by 1. The average sales price decreased modestly for single family homes, while the average price was slightly higher for condos, townhomes, and duplexes. February sales prices ranged from $155,000 to $1,875,309.
4 fewer single family homes sold in 2025 than 1 year ago, while there were 7 fewer condo, townhome and duplex sales in 2025. The average sales price for single family homes in 2025 was 3% higher than 1 year ago (while the median was 2% higher). In contrast, the average sales price was 11% lower in February 2025 for condos, townhomes and duplexes while the median price shifted down by 10%.
The average time on the market in February was shorter for single family homes, as it also for condos, townhomes and duplexes compared to last month. 43% of the homes went pending in 7 days or less, more than last month.
While many home buyers negotiated their sales prices, over half, 54%, paid asking price or more. The median sales price of the single family homes was $1,139,500 (up 1% from January), but was 8% lower for condos, townhomes and duplexes at $635,000.
There were 8 San Marcos home for sale at the end of February with an Active Under Contract status, compared to 4 last month. These homes are included in the overall Active statistics below.
The San Marcos housing inventory rose by 7% with 103 homes for sale at the end of the month. List prices range from $319,000 to $3,900,000. There is a supply of 2.6 months for condos, townhomes and duplexes (up from 2 months last month), and 2.2 months for single family homes (up from 1.8 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.
54 new listings came on the market in February, a decline from last month’s 69. The number of homes going pending rose again slightly, from 36 to 38, excluding homes that closed escrow in February.
This summary of the San Marcos housing market is based on information found in the MLS. I’m happy to share more details for neighborhoods that interest you (e.g., San Elijo Hills, Lake San Marcos, Santa Fe 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. Then we can create a plan to buy your new San Marcos home if that’s your goal.
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 value in today’s market, let’s talk. Please feel free to reach out to me directly or by text at (760) 840-1360.
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