What’s the Value of my Escondido Home?
Escondido Home Sales for February 2025
Escondido is inland in North San Diego County, approximately 20 miles east of the beaches, and bordering San Marcos, Fallbrook and Valley Center.
It’s essential that buyers and sellers in the Escondido housing market have up-to-date information about the local market conditions (Read More: Real Estate Is Local…But HOW Local?) in order to make informed buying and selling decisions about Escondido homes for sale.
READ MORE:
A Tour of Escondido – A Diverse Inland San Diego Community
The following data are taken from the MLS (private sales are not included, nor are multifamily properties, or mobile and manufactured homes). This information is believed to be reliable at the time this market report was written but not guaranteed.
There were 91 homes sold in February, 14% more sales than last month (80). Here’s a summary of the activity.
Single Family Homes Sold
72 (up by 6); 34 Average Days on Market; Average Sales Price $990,087 (down 5%); the Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold
19 (up by 5); 47 Average Days on Market; Average Sales Price $493,250 (down 8%); the Average sales price was 99% of the original asking price.
Overall home sales in February increased from last month. There were more single family home sales, as well as more condo, townhome and duplex sales. The average sales price was modestly lower for single family homes, and also decreased for condos, townhomes and duplexes, compared to January.
The marketing time was shorter for single family homes in February, but longer for condos, townhomes and duplexes. Sales prices ranged from $360,000 to $3,100,000.
Many buyers negotiated their purchase prices, while at the same time over half (53%) paid asking price or more for their new homes, more than last month. Buyer competition continues to impact sales prices.
Plenty of home buyers made quick decisions about touring homes and making offers, with 31% of the homes (28) going pending in 1 week or less.
The median sales price of the detached single family homes was $874,000, down 4% from January. On the other hand, the median price of $505,000 for condos, townhomes and duplexes was up 8% from last month.
There were 10 Escondido homes on the market with an Active Under Contract Status, compared to 7 last month. These are included in the following statistics.
At the end of February there were 236 homes for sale in Escondido, which was up 15% from last month (206). List prices range from $240,000 to $17,000,000 (as in January, there are also 2 condo time shares available, priced at $3,000 and $4,000).
This represents an inventory of 2.4 months for condos, townhomes and duplexes (down from 3.1 months last month). There is a 2.8 month supply of single family detached homes (up from 2 months last month), based on the rate of sales over the last 3 months. Escondido continues to be a strong seller’s market for home buyers.
140 homes came on the market in February, compared to 133 last month. The number of homes going pending increased from 76 last month to 88, excluding the homes that closed escrow in February.
I’m happy to share more details about the recent housing activity in Escondido, in specific zip codes, and for neighborhoods that interest you. I can also answer any questions that you have about local market conditions.
Please reach out to me directly or via text at (760) 840-1360 so we can talk about your particular housing needs, lifestyle, and budget. Then we can develop a plan to buy your new Escondido home when the time is right for you!
If you plan to sell your home in Escondido, I’ll provide a current market value and equity analysis for your property. We can also discuss a marketing strategy, plus your specific plans and timing. Together we’ll create a plan to get your home sold quickly for the best price, terms, and conditions.
SEARCH FOR ESCONDIDO HOMES FOR SALE
READ MORE:
What’s my Escondido Home Worth? Escondido Real Estate in January 2025
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