Here’s the San Marcos Market Report for January 2025. And here is the Market Report for December 2024 for comparison.
The San Marcos real estate market continues to change. This report does not include private sales, mobile homes or multi-family housing (the information is taken from the MLS and believed accurate at the time this report was published but is not guaranteed).
It’s important that buyers and sellers have up-to-date information about local market conditions so they can make educated buying and/or selling decisions.
48 homes sold in January in San Marcos, 1 more sale than last month.
SAN MARCOS MARKET REPORT DETAILS
Single Family Homes Sold – 34 (up by 7). 31 Average Days on Market. The Average Sales Price was $1,213,967 (up 3%). Average sale price was 97% of the original asking price.
Condos, Townhomes and Duplexes Sold – 14 (down by 6). 51 Average Days on Market. The Average Sales Price was $685,035 (up 14%). Average sale price was 97% of the original asking price.
The overall sales volume in January increased by 1 from last month. There were more single family homes sold, however condo, townhome and duplex sales declined. The average sales price increased for single family homes, while the average price was substantially higher for condos, townhomes, and duplexes. Sales prices ranged from $305,000 to $2,468,000.
10 more single family homes sold in 2025 than 1 year ago, while there were 3 fewer condo, townhome and duplex sales in 2025. The average sales price for single family homes in 2025 was 17% higher than 1 year ago (the median was 21% higher). Similarly, the average sales price was 10% higher in January 2025 for condos, townhomes and duplexes while the median price rose by 4%.
The average time on the market in January for single family homes was 8 days shorter, but was 13 days longer for condos, townhomes and duplexes than last month. 17% of the homes went pending in 6 days or less.
Most home buyers negotiated their sales prices, however, 29% paid list price or higher. The median sales price for single family homes was $1,127,500 (up 5% from December), but was 1% lower at $692,500 for condos, townhomes and duplexes.
The San Marcos housing inventory improved significantly by 23% with 96 homes for sale at the end of January. List prices range from $319,000 to $4,000,000. There is a supply of 2 months for condos, townhomes and duplexes (up from 1.7 months last month). There is a supply of 1.8 months for single family homes (up from 1.3 months last month). This is based on the rate of sales for the last 3 months.
As a result, San Marcos continues to be a very strong seller’s market based on supply and demand.
69 new listings came on the market in January, up from last month’s 28. This was good news for buyers. The number of homes going pending rose just slightly, from 35 to 36, excluding homes that closed escrow in January.
This review of the San Marcos housing market is based on information in the MLS. I’m pleased to share more details for neighborhoods that interest you, such as San Elijo Hills, Lake San Marcos, and Santa Fe Hills.
Please reach out to me directly or by text at (760) 840-1360 to discuss your particular housing needs, timing, lifestyle, budget, and questions. Then we can work together to create a strategy to buy your new San Marcos home if that’s your plan.
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 we can develop a plan to sell your home for the best price, terms and conditions.
Want to learn more about your home’s market value in today’s market? Please feel free to reach out to me directly or by text at (760) 840-1360 so we can talk.