September 14, 2025
Here is the San Marcos Market Report for August. And here’s the Market Report for July as a comparison.
The San Marcos real estate market continues to change. This Market Report does not include private sales, mobile homes or multi-family housing. The data were found in the MLS and are believed accurate at the time this report was created but are not guaranteed.
Buyers and sellers should have current information about local housing market conditions so they can make educated buying and/or selling decisions.
73 homes sold in August in San Marcos, a 10% decrease in sales from July.
SAN MARCOS MARKET REPORT DETAILS
Single Family Homes Sold – 49 (down 22%). 30 Average Days on Market. The Average Sales Price was $1,240,177 (down just slightly from last month). Average Sales Price was 97% of the original asking price.
Condos, Townhomes and Duplexes Sold – 24 (up by 6). 37 Average Days on Market. The Average Sales Price was $624,999 (down 11%). Average Sales Price was 96% of original asking price.
The overall sales volume in August decreased from last month. Substantially fewer single family homes sold, but in contrast condo, townhome and duplex sales increased by 6 (up 33%). The average sales price was about the same for single family homes, while the average price was 11% higher for condos, townhomes, and duplexes. Sales prices in August ranged from $197,000 to $2,125,000.
Slightly fewer single family homes sold in 2025 (49) than in 2024 (51). There were 6 fewer condo, townhome and duplex sales in August of 2025. The average sales price for single family homes in 2025 was 7% higher than 1 year ago (while the median was 9% higher than in 2024). In contrast, the average sales price was 5% lower in August 2025 for condos, townhomes and duplexes while the median price shifted up by 3%.
The average time on the market in August was 8 days longer for single family homes. Marketing time was 10 days longer for condos, townhomes and duplexes compared to July. 14% of the homes went pending within 6 days or less, fewer than last month.
The majority of the home buyers negotiated their sales prices, while 34% of the buyers paid asking price or more for their homes. The median sales price of the single family homes was $1,140,000 (down 2% from July), and was 5% higher for condos, townhomes and duplexes at $682,000.
There were 7 San Marcos home for sale at the end of August 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 declined by 3%, with 170 homes for sale at the end of the month. List prices range from $183,000 to $3,295,000. There is a supply of 3.4 months for condos, townhomes and duplexes (up from 3 months last month). There is a supply of 2 months for single family homes (down from 2.2 months last month). These are based on the rate of sales over the last 3 months.
San Marcos continues to be a strong seller’s market based on supply and demand for single family homes. San Marcos is a seller’s market for condos, townhomes and duplexes.
93 homes were listed for sale in August, up 18% from last month. On the other hand the number of homes going pending decreased by 13 to 56, excluding homes that closed escrow in August.
This overview of the San Marcos housing market is based on information found in the MLS. I’m happy to share more specifics for neighborhoods of interest such as San Elijo Hills, Lake San Marcos, and Santa Fe Hills.
Please contact me directly or by text at (760) 840-1360 to discuss your particular housing needs, timing, lifestyle, budget, and questions. We can then create a plan to buy your new San Marcos home if that’s your goal.
Are you considering selling your San Marcos home? Let’s talk about current market conditions that can affect your home sale and review a customized market and equity analysis. Then, working together, we can develop a strategy to sell your home for the best price, terms and conditions when the time is right for you. If you want to know more about your home’s value in today’s market, let’s talk. Please reach out to me directly or via text at (760) 840-1360.
