Is Escondido, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Escondido has remained a Seller's Market.
Housing Prices in Escondido, CA
How much do homes in Escondido, CA cost?
Median Sold Price
$820,075
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Escondido was $820,075 in April 2024, up 14.6% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $322K | $375.5K | +16.6% |
2 Bedrooms | $495.7K | $550K | +10.9% |
3 Bedrooms | $701K | $799.9K | +14.1% |
4 Bedrooms | $916.6K | $986K | +7.6% |
5+ Bedrooms | $1.0M | $1.2M | +9.7% |
Summary: Escondido housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.6%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Escondido | $715.7K | $820K | +14.6% |
San Diego | $850.2K | $914.8K | +7.6% |
San Marcos | $859.9K | $914K | +6.3% |
Oceanside-Escondido | $837.3K | $882.1K | +5.3% |
Valley Center | $888.6K | $886.7K | -0.2% |
Housing Supply in Escondido, CA
How many homes are available in Escondido, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
325 | 342 | +5.2% |
Summary: The Escondido real estate market had 342 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 7 | +600.0% |
2 Bedrooms | 55 | 57 | +3.6% |
3 Bedrooms | 126 | 122 | -3.2% |
4 Bedrooms | 105 | 112 | +6.7% |
5+ Bedrooms | 38 | 44 | +15.8% |
Summary: The Escondido housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 600%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 91 | -9.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Escondido in April 2024, down by 9.9% month-over-month. Of the 91 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Escondido, CA
How long does it take to sell a home in Escondido, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 20 Days | +23.7% |
Summary: Homes in Escondido had an average of 20 days on market in Apr 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 91 homes were sold in Escondido; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.