In May 2024, home prices in San Marcos experienced a 2.1% decline from the previous year, with the median price settling at $350K. On average, homes in San Marcos are selling faster, staying on the market for 66 days compared to 70 days last year. However, the market saw a significant decrease in sales volume, with only 63 homes sold in May 2024, compared to 94 homes sold in the same month last year. This indicates a slower market with fewer transactions despite quicker sales for available properties.

San Marcos is currently not very competitive. Homes typically sell in 74 days, and multiple offers are rare. On average, homes sell for about 3% below the list price and go pending in around 74 days. However, hot homes can sell for around the list price and go pending in approximately 30 days.

Nationwide, 1% of homebuyers searched to move into San Marcos from outside metropolitan areas. Among these, homebuyers from San Francisco showed the most interest in relocating to San Marcos, followed by those from Los Angeles and Dallas.