Here is the Market Report for San Marcos for March 2025. And here is the Market Report for February as a comparison.
The San Marcos real estate market continues to change. This report does not include private sales, mobile homes or multi-family housing. The data are from the MLS and believed accurate at the time this report was published but are not guaranteed.
Buyers and sellers need up-to-date information about local market conditions so they can make informed buying and/or selling decisions.
55 homes sold in March in San Marcos, which is a 49% increase in sales from February.
SAN MARCOS MARKET REPORT DETAILS
Single Family Homes Sold – 36 (up 50%). 21 Average Days on Market. The Average Sales Price was $1,333,761 (up 15%). Average sale price was 98% of the original asking price.
Condos, Townhomes and Duplexes Sold – 19 (up by 6). 44 Average Days on Market. The Average Sales Price was $637,927 (down 1%). Average sale price was 99% of the original asking price.
The overall sales volume in March rose substantially from last month. There were significantly more single family homes sold, and condo, townhome and duplex sales also increased but more modestly. The average sales price was higher for single family homes. On the other hand the average price was slightly lower for condos, townhomes, and duplexes. March sales prices ranged from $385,000 to $3,705,000.
2 fewer single family homes sold in 2025 than 1 year ago, while there was 1 more condo, townhome and duplex sale in 2025 than in March 2024. The average sales price for single family homes in 2025 was 4% higher than 1 year ago while the median price was about the same. Similarly, the average sales price was 1% higher in March 2025 for condos, townhomes and duplexes while the median price shifted down 1%.
The average time on the market in March was about the same for single family homes, and for condos, townhomes and duplexes compared to last month. 47% of the homes went pending in 7 days or less, slightly more than in February.
While plenty of home buyers were able to negotiate their sales prices, 51% paid asking price or more. The median sales price for single family homes was $1,170,000 (up 3% from February). The median price was 4% higher for condos, townhomes and duplexes at $660,000.
The San Marcos housing inventory rose again, by 24%, with 128 homes for sale at the end of the month, good news for buyers. List prices range from $370,000 to $3,900,000.
There is a supply of 3.1 months for condos, townhomes and duplexes (up from 2.6 months last month). The supply for single family homes is 2.5 months (up from 2.2 months last month). This is based on the rate of sales over the last 3 months.
San Marcos remains a strong seller’s market based on supply and demand.
95 new listings came on the market in March, a substantial increase from 54 in February. The number of homes going pending also rose again, from 38 to 55 (excluding homes that closed escrow in March).
This overview of the San Marcos housing market is based on information in the MLS. I’m happy 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 via text at (760) 840-1360 to discuss your personal housing needs, timing, lifestyle, budget, and questions. Then we can develop a plan to buy your new San Marcos home if that’s your goal.
Are you thinking about selling your San Marcos home? Let’s talk about the current local market conditions that can affect your home sale and review a customized market and equity analysis. Then we’ll develop a strategy to sell your home for the best price, terms and conditions.
If you would like to know more about your home’s value in today’s market, let’s talk. Please feel free to reach out to me directly or by text at (760) 840-1360.