Here’s the Market Report for Carlsbad for March 2025. And here is the Market Report for February as a comparison.
The Carlsbad real estate market continues to shift, with changes from February as well as 1 year ago. Private sales, mobile homes and multi-family housing are not included. The data are taken from the MLS and believed accurate as reported but are not guaranteed.
Media market reports typically are very general. As a result, they do not reflect the local Carlsbad housing market conditions (read more – How Local IS Local?). Current information, and analysis, about local market conditions will be a big benefit when you need to make educated real estate decisions.
82 homes sold in Carlsbad in March, down 14% from February.
CARLSBAD MARKET REPORT DETAILS
Single Family Homes Sold – 54 (up by 2). 21 Average Days on Market. The Average Sales Price was $2,005,941 (up 5%). Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold – 28 (down 35%). 46 Average Days on Market. The Average Sales Price was $1,025,861 (up 5%). Average Sales Price was 96% of the original asking price.
Carlsbad home sales in March declined from last month. There were 2 more single family home sales, however, condo, townhome and duplex sales dropped fairly significantly. The average sales price was modestly higher for single family homes. The average sale price was also higher for condos, townhomes and duplexes. Sales prices in March ranged from $328,000 to $4,400,000.
The average time on the market was longer than last month for single family homes. The average time on the market was about the same as last month for condos, townhomes, and duplexes, just 2 days longer.
Four fewer single family homes sold in March 2025 than 1 year ago. 28 condos, townhomes and duplexes sold in March 2025 compared to 40 in 2024. The average sales price year over year was 3% higher for single family homes in March 2025 (the median price was 5% higher). On the other hand, the average sales price was 14% lower for condos, townhomes and duplexes sold in March 2025 compared to 1 year ago; the median price was 10% higher in 2025.
A number of buyers made quick decisions to tour houses and submit successful offers. 33% of the homes went pending in 7 days or less. As a result, it continues to be important for homebuyers to be prepared for quick decision-making in the Carlsbad real estate market.
Half of the buyers negotiated their home purchase prices down from list price, thus 50% paid asking price or higher for their homes. Buyer competition continues, and it’s important to remember this during your home search and when developing your offer strategy.
The median sales price for single family detached homes was $1,862,500 compared to $1,856,250 in February. The median price was $946,000 for condos, townhomes and duplexes, compared to $920,220 last month.
There were 15 homes in Carlsbad at the end of March with an Active Under Contract status, compared to 7 last month. These homes are technically still active but may not entertain further showings or accept back-up offers. They are included in the statistics below.
Inventory at the end of March (219) was up 27% from last month (172), which was good news for buyers. List prices range from $500,000 to $23,900,000.
There is a 2.4 month supply of condos, townhomes and duplexes (down from 2.5 months last month), and a supply of 3.2 months for single family homes (up from 1.8 months last month), based on the rate of sales over the last 3 months. Carlsbad continues to be a very strong sellers’ housing market for single family homes and a seller’s market for condos, townhomes and duplexes.
144 new listings hit the market in March, compared to 103 last month, a substantial increase. 86 homes went pending (excluding homes that closed in March), compared to 64 last month, also a significant increase.
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 of interest including La Costa, Aviara, Bressi Ranch, and Calavera Hills.
Please reach out directly or via text at (760) 840-1360 to discuss your personal housing needs, timing, lifestyle, budget, and questions. Together we can create a plan to buy your new Carlsbad home, and/or sell your current home, depending on your goals.