Here’s the San Marcos Market Report for February. And here’s the Market Report for January as a comparison.
The San Marcos real estate market continues to shift. This report does not include private sales, mobile homes or multi-family housing. This information was taken from the MLS and is believed accurate at the time this report was published but is not guaranteed.
Buyers and sellers need to have up-to-date information about local market conditions in order to make educated buying and/or selling decisions.
37 homes sold in February in San Marcos, 23% fewer sales than last month.
SAN MARCOS MARKET REPORT DETAILS
Single Family Homes Sold – 24 (down 29%). 22 Average Days on Market. The Average Sales Price was $1,163,108 (down 4%). Average sale price was 98% of the original asking price.
Condos, Townhomes and Duplexes Sold – 13 (down by 1). 45 Average Days on Market. The Average Sales Price was $642,307 (up 1%). Average sale price was 99% of the original asking price.
The overall sales volume in February dropped from last month. There were significantly fewer single family homes sold, while condo, townhome and duplex sales declined by 1. The average sales price decreased modestly for single family homes, while the average price was a little higher for condos, townhomes, and duplexes. February sales prices ranged from $155,000 to $1,875,309.
4 fewer single family homes sold in 2025 than 1 year ago, while there were 7 fewer condo, townhome and duplex sales in 2025. The average sales price for single family homes in 2025 was 3% higher than 1 year ago (while the median was 2% higher). On the other hand, the average sales price was 11% lower in February 2025 for condos, townhomes and duplexes, and the median price shifted down by 10%.
The average time on the market in February was shorter for single family homes. Marketing time was also shorter for condos, townhomes and duplexes compared to last month. 43% of the homes went pending in 7 days or less, up from last month.
While many home buyers negotiated their sales prices, over half, 54%, paid asking price or more. The median sales price of the single family homes was $1,139,500 (up 1% from January). The median price of $635,000 was 8% lower for condos, townhomes and duplexes.
The San Marcos housing inventory rose by 7% with 103 homes for sale at the end of the month. List prices range from $319,000 to $3,900,000. There is a supply of 2.6 months for condos, townhomes and duplexes (up from 2 months last month). There is a supply of 2.2 months for single family homes (up from 1.8 months last month). This is based on the rate of sales over the last 3 months.
As a result, San Marcos remains a very strong seller’s market based on supply and demand.
54 new listings came on the market in February, a decrease from 69 last month. The number of homes going pending rose again slightly, from 36 to 38, excluding the homes that closed escrow in February.
This summary of the San Marcos housing market is based on information from the MLS. I’m happy to share more details for neighborhoods of interest such as San Elijo Hills, Lake San Marcos, and Santa Fe Hills.
Please reach out to me directly or via text at (760) 840-1360 to discuss your personal housing needs, timing, lifestyle, budget, and questions. Then we’ll create a strategy to buy your new San Marcos home if that’s your plan.
Are you thinking about selling your San Marcos home? Let’s talk about the current market conditions that may impact your home sale and review a customized market and equity analysis. Then we can develop a strategy to sell your home for the best price, terms and conditions.
Are you interested in knowing more about your home’s value in today’s market? Please reach out to me directly or by text at (760) 840-1360 and we’ll talk.