Oceanside Market Report August 2024

Here is the Market Report for Oceanside for August 2024. And here is the Market Report for July for comparison.

The Oceanside housing market continues to shift. This market report does not include private sales, mobile, or multifamily housing. This information was taken from the MLS and is believed accurate when this report was written but is not guaranteed.

Having current information about local market conditions from a knowledgeable REALTOR will help you make educated buying and selling decisions.

There were 161 homes sold in Oceanside, 4 more sales than in July.

OCEANSIDE MARKET REPORT DETAILS

Single Family Homes Sold – 113 (down 10%). 22 Average Days on Market. The Average Sales Price was $1,017,273 (up 3%). The Average Sales Price was 99% of the original asking price.

Condos, Townhomes & Duplexes Sold – 48 (up 55%). 23 Average Days on market. The Average Sales Price was $793,167 (up 4%). Average Sales Price was 99% of the original asking price.

Overall sales volume for August increased from July. There were fewer single family detached home sales, however, significantly more condos, townhomes and duplexes were sold. The average sales price was slightly higher for single family homes, as it also was for condos, townhomes, and duplexes. Sales prices ranged from $350,000 to $6,000,000.

The average time on the market was down slightly for single family homes as last month at 22 days. Days on market was also slightly shorter for condos, townhomes and duplexes at 23 days. 39% of the homes went pending in 1 week or less.

While plenty of the buyers negotiated their purchase prices, 50% paid list price or more. The median sales price of single family homes was 1% less than last month, at $910,000. On the other hand, the median price for condos, townhomes and duplexes was 1% higher, at $675,000.

At the end of August there were 314 Oceanside homes for sale, compared to 306 last month. Home prices range from $338,000 to $4,750,000.

As a result, there is a 1.8 month supply of single family homes (up from 1.7 months last month). There is a 2.8 month supply for condos, townhomes and duplexes (down from 3.1 months last month). This is based on the rate of sales over the last 3 months. The Oceanside market remains a strong seller’s market based on the supply and demand, especially for single family homes.

178 Oceanside homes were listed for sale in August, down from 201 last month. The number of Oceanside homes going pending decreased from 120 in July to 102 (excluding homes that closed in August).

I’m happy to provide more details about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This will help you make an educated decision about your home purchase or sale. Please reach out to me directly or via text at (760) 840-1360 so we can discuss your personal housing needs, lifestyle, budget and questions. Then we’ll create a strategy to help you buy your new home, and/or sell your current Oceanside home.