Here’s the Carlsbad Housing Market Report for February 2025. And here’s the Market Report for January as a comparison.
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. This information was taken from the MLS and believed to be accurate as reported but is not guaranteed.
Media market reports typically are very general in nature. As a result, they are not an accurate reflection of the local Carlsbad housing market conditions (read more – How Local IS Local?). Current information, and analysis, about local market conditions will benefit you when you need to make informed buying and/or selling decisions.
95 homes sold in Carlsbad in February, up by 46% from January.
CARLSBAD MARKET REPORT DETAILS
Single Family Homes Sold – 52 (up 33%). 32 Average Days on Market. The Average Sales Price was $1,909,137 (down 4%). Average Sales Price was 98% of the original asking price.
Condos, Townhomes & Duplexes Sold – 43 (up 65%). 44 Average Days on Market. The Average Sales Price was $975,347 (up 15%). Average Sales Price was 97% of the original asking price.
Carlsbad home sales in February increased significantly from January. Single family home sales were up substantially while condo, townhome and duplex sales also rose. The average sales price was lower for single family homes, but 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 January for single family homes. Average time on the market was longer than last month by 1 week for condos, townhomes, and duplexes.
There were 4 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). Ion the other hand, 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 did so last month. Thus, it’s still important for homebuyers to be ready to make prompt decisions in the Carlsbad market.
Slightly more than half of the buyers were able to negotiate their home purchase prices down from asking price. However, 48% paid the list 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 an offer strategy!
The median sales price for single family detached homes was $1,856,250, compared to $1,886,000 in January. The median price was $920,220 for condos, townhomes and duplexes, versus $815,000 last month.
Inventory at the end of February (172) was up by 5% from last month, which was good news for buyers. List prices ranged from $500,000 to $23,900,000.
There is a 2.5 month supply of condos, townhomes and duplexes (a drop from 2.9 months last month). There is a supply of 1.8 months for single family homes (down from 1.9 months last month). This is based on the rate of sales over the last 3 months and the inventory. Carlsbad remains a very strong sellers’ housing market, in particular for single family homes.
103 new listings joined the market in February, compared to 123 last month, a significant decrease. 64 homes went pending (excluding homes that closed in February), compared to 67 last month, a small decline.
This overview of the Carlsbad housing market is based on data from the MLS. I’m happy to share other details about recent 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 specific 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.