Here’s the Oceanside Market Report for April 2023. Take a look at the market report for March as a comparison, in case you missed it.
The Oceanside real estate market continues to shift. This market report does not include private sales or manufactured, mobile, or multifamily housing. The data are taken from the MLS and believed accurate when this report was written, but are not guaranteed.
Having current information from a knowledgeable REALTOR about local market conditions will help you make educated buying and selling decisions. Why not read more about how real estate IS local.
134 homes sold in Oceanside in April, down 12% from March. Here are the details of the housing activity.
OCEANSIDE HOME SALES ACTIVITY FOR APRIL 2023
Single Family Homes Sold – 94 (down 10%). 29 Average Days on Market. The Average Sales Price was $931,957 (up 6%). Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold – 40 (down 17%). 29 Average Days on market. The Average Sales Price was $630,794 (down 11%). Average Sales Price was 99% of the original asking price.
Overall sales volume for April dropped from March. Sales decreased for single family detached homes, as well as for condos, townhomes and duplexes. The average sales price was higher for single family homes, but was lower for condos, townhomes, and duplexes. April sales prices ranged from $325,000 to $5,250,000.
Average marketing time was modestly shorter for single family homes, and down 2 days for condos, townhomes and duplexes. Some buyers made quick decisions, with 43% of the homes going pending in 1 week or less, more than last month.
Plenty of buyers negotiated their purchase prices. However over half, 54%, paid list price or higher. The median sales price of single family homes was down by 2% from last month, at $827,500. In contrast the median price for condos, townhomes and duplexes was 5% higher, at $599,500.
At the end of April there were 137 Oceanside homes for sale, more than last month’s 128. Home prices range from $125,000 (this is for a fractional ownership) to $6,495,000.
As a result there is a 1.1 month supply of single family homes (down from 1.2 months last month). And there is a 27-day supply for condos, townhomes and duplexes (down from 1 month last month). This is based on the rate of sales over the last 3 months.
The Oceanside remains a very strong seller’s market based on supply and demand.
146 Oceanside homes were listed for sale in April, 20% more than last month (122). The number of Oceanside homes going pending increased to 101, up from 95 in March (excluding homes that actually closed in April).
I’m happy to provide more information about the Oceanside real estate market, and in specific zip codes, neighborhoods, or price ranges. This will help you make an informed decision about your home purchase or sale.
Please reach out to me at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget, and questions. Then we can create a plan to help you buy your new home, and/or sell your current home!