Here’s the Market Report for Carlsbad for May 2025. And here is the Market Report for April as a comparison.
The Carlsbad real estate market continues to evolve, with changes from April and from 1 year ago. Private sales, mobile homes and multi-family housing are not included. The information was found in the MLS and is believed to be accurate as reported but is not guaranteed.
Media market reports typically speak in general terms. Thus 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 enable you to make informed buying and/or selling decisions.
105 homes sold in Carlsbad in May, 1 more than last month.
CARLSBAD MARKET REPORT DETAILS
Single Family Homes Sold – 72 (up 16%). 21 Average Days on Market. The Average Sales Price was $2,030,220 (up 4%). Average Sales Price was 98% of the original asking price.
Condos, Townhomes & Duplexes Sold – 33 (down 21%). 31 Average Days on Market. The Average Sales Price was $955,355 (down 5%). Average Sales Price was 98% of the original asking price.
Overall home sales in May rose slightly from last month. There were more single family home sales, while condo, townhome and duplex sales declined from April. The average sales price was modestly higher for single family homes, but was lower for condos, townhomes and duplexes. May sales prices ranged from $625,000 to $5,292,000.
The average time on the market was shorter than last month for single family homes. On the other hand, the average time on the market was 3 days longer than last month for condos, townhomes, and duplexes.
2 fewer single family homes sold in May 2025 than 1 year ago. 33 condos, townhomes and duplexes sold in May 2025 compared to 46 in 2024. The average sales price year over year was 4% higher for single family homes in May 2025 (the median price was also 4% higher). In contrast, the average sales price was 17% lower for condos, townhomes and duplexes sold in May 2025 compared to 1 year ago; the median price was 15% lower 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, slightly less than in April. It’s still important that home buyers are prepared for quick decision-making in the real estate market in Carlsbad.
The majority of the buyers were able to negotiate their home purchase prices down from list price, while at the same time 44% paid asking price or more. There is still plenty of buyer competition, and it’s important to remember this when searching for a home and when planning an offer strategy.
The median sales price for single family detached homes was $1,917,500 compared to $1,877,000 in April. The median price was $875,000 for condos, townhomes and duplexes, compared to $882,500 last month.
There were 14 homes in Carlsbad at the end of May with an Active Under Contract status, versus 9 last month. These homes are considered active but may not allow further showings or accept back-up offers. They are included in the statistics below.
Inventory at the end of May (245) was up 16% from last month (212). May list prices ranged from $494,900 to $17,500,000.
There is a 2.3 month supply of condos, townhomes and duplexes (down from 2.4 months last month), and a supply of 2.9 months for single family homes (up from 2.2 months last month), based on the rate of sales over the last 3 months. Carlsbad is a strong sellers’ housing market for condos, townhomes and duplexes and for single family homes.
154 new listings came on the market in May, compared to 131 last month. 87 homes went pending (excluding homes that closed in May), compared to 73 last month.
This summary 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 such as La Costa, Aviara, Bressi Ranch, and Calavera Hills.
Please reach out directly or via text at (760) 840-1360 so we can discuss your personal housing needs, timing, lifestyle, budget, and questions. Then we can work together and create a strategy to buy your new Carlsbad home, and/or sell your current home, depending on your plans.