Here’s the Market Report for San Marcos for June 2022. Additionally, check out the May housing market report for a comparison.
85 homes sold in San Marcos’ 2 zip codes in June, 15 fewer sales than last month (down 15%). Here are the details:
Single Family Homes Sold – 65 (up by 1). 12 Average Days on Market. Average Sales Price was $1,199,439 (down 1%). The Average sale price was 103% of original asking price.
Condos, Townhomes and Duplexes Sold – 20 (down 44%). 9 Average Days on Market. The Average Sales Price was $669,305 (down 2%). Average sale price was 103% of original asking price.
Overall sales volume in June declined, with 1 more single family home sale, but significantly fewer condo, townhome and duplex sales. The average sales price dropped slightly for single family homes, as it did for condos, townhomes, and duplexes. June sales prices ranged from $150,000 to $3,725,000.
The average time on the market (DOM) was 4 days longer for single family homes, and 2 days shorter for condos, townhomes and duplexes. Hence, it’s important that buyers decide quickly about seeing homes they like, and then making offers. 3 out of 5 homes (59%) were pending in 7 days or less.
Some buyers were able to negotiate their sales prices. However, 53% paid over list price! The median sales price of single family homes was $1,065,000 (down 5%). The median price for condos, townhomes and duplexes was $731,000 (down by 1%).
The inventory rose again in June, with 96 homes for sale, up 25%. Thus some good news for buyers. Listing prices range from $405,000 to $2,300,000.
San Marcos has a supply of 28 days for condos, townhomes and duplexes, and 1.5 months for single family homes. This was based on the rate of sales over the last 3 months.
San Marcos continues to be a very strong seller’s market based on supply versus demand.
In June we saw more new listings, 127 (up 11%) than last month. In contrast, the number of homes going pending dropped from 75 to 59, excluding homes that closed in June.
This overview of the San Marcos real estate market is based on information from the MLS. In addition, I can share more specifics regarding current activity, within the zip codes of San Marcos, or particular neighborhoods of interest.
Please reach out to me at (760) 840-1360 by text or direct call so we can review your personal housing needs, timing, lifestyle, budget, and questions. We’ll also design a plan to buy your new home.
Are you thinking about selling your San Marcos property? Let’s discuss current market conditions, and review a market and equity analysis. Furthermore, we’ll create a strategy to sell your home quickly for the best price, terms and conditions.
Are you interested in your home’s current market value? If so, please call or text me at (760) 840-1360 – I’m happy to help.