Here’s the Market Report for San Marcos for May 2025. And here’s the Market Report for April for a comparison.
The San Marcos real estate market continues to change. This report does not include any private sales, mobile homes or multi-family housing. The data are from the MLS and are believed to be accurate at the time this Market Report was created but are not guaranteed.
It’s important that buyers and sellers have up-to-date information about local housing market conditions in order to make informed buying and/or selling decisions.
74 homes sold in May in San Marcos, a 9% increase in sales from April.
SAN MARCOS MARKET REPORT DETAILS
Single Family Homes Sold – 49 (up by 2). 22 Average Days on Market. The Average Sales Price was $1,191,842 (down 10%). Average sale price was 98% of the original asking price.
Condos, Townhomes and Duplexes Sold – 25 (up by 4). 38 Average Days on Market. The Average Sales Price was $658,460 (down 5%). Average sale price was 97% of the original asking price.
The overall sales volume in May increased from last month. There were 2 more single family homes sold, and condo, townhome and duplex sales increased by 4. The average sales price declined by 10% for single family homes. Similarly, the average price was 5% lower for condos, townhomes, and duplexes. Sales prices in May ranged from $355,000 to $2,600,000.
8 fewer single family homes sold in 2025 than 1 year ago. However, there were 6 more condo, townhome and duplex sales in 2025. The average sales price for single family homes in 2025 was 12% lower than 1 year ago (while the median was 9% lower than in 2024). Similarly, the average sales price was 3% lower in May 2025 for condos, townhomes and duplexes while the median price shifted down by 12%.
The average time on the market in May was 6 days longer for single family homes. Similarly, marketing time was about 2 weeks longer for condos, townhomes and duplexes compared to April. 34% of the homes went pending in 7 days or less.
More than half of the home buyers negotiated their sales prices, while 44% paid asking price or higher. The median sales price of single family homes was $1,125,000 (down 16% from April). The median was 12% lower for condos, townhomes and duplexes at $645,000.
The San Marcos housing inventory improved by 22%. There were 166 homes for sale at the end of the month, and some good news for buyers. List prices range from $459,900 to $3,590,000. As a result, there is a supply of 2.6 months for condos, townhomes and duplexes (up from 2.5 months last month), Furthermore, there is a 2.4 month supply of single family homes (down from 2.5 months last month), based on the rate of sales over the last 3 months.
As a result, San Marcos continues to be a strong seller’s market based on supply and demand for single family homes, and condos, townhomes and duplexes.
120 new listings came on the market in May, up 29% from last month. The number of homes going pending dropped by 1 to 55, excluding homes that closed escrow in May.
This overview of the San Marcos housing market is based on information from the MLS. I’m happy to share more specifics for neighborhoods that are of interest to you including 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. In addition, we can create 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 local market conditions that can impact your home sale, and review a customized market and equity analysis. Together we can develop a strategy to sell your home for the best price, terms and conditions when the timing is right for you.
If you would like to know more about your home’s value in today’s market, let’s talk. Please reach out to me directly or by text at (760) 840-1360.