Here’s the Oceanside Market Report for April. And here is the Market Report for March for comparison.
The Oceanside housing market continues to shift. This Market Report does not include private sales, mobile, or multifamily housing. This information was found in the MLS and is believed accurate when this report was written but is not guaranteed.
Current information about local market conditions from a knowledgeable REALTOR is essential to have to enable you to make educated buying and selling decisions.
There were 164 homes sold in Oceanside, 14% more sales than in March which was another increase.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 116 (up 15%). 25 Average Days on Market. Average Sales Price was $959,486 (down 2%). The Average Sales Price was 100% of the original asking price.
Condos, Townhomes & Duplexes Sold – 48 (up by 5). 36 Average Days on market. Average Sales Price was $787,820 (up 14%). The Average Sales Price was 97% of the original asking price.
Overall sales volume for April increased from last month. There were more single family detached home sales, and condo, townhome and duplex sales increased by 5. The average sales price was slightly lower for single family homes, but higher for condos, townhomes, and duplexes. Sales prices for April ranged from $335,500 to $2,430,000.
The average time on the market was 1 day longer for single family homes than last month. Marketing time was 6 days shorter for condos, townhomes and duplexes. 37% of the homes went pending in 7 days or less, which was more than last month.
The majority of the home buyers paid asking price or more while the others (46%) were able to negotiate their purchase prices. The median sales price of single family homes was 3% lower than last month, at $878,750. On the other hand, the median price for condos, townhomes and duplexes was 4% higher at $645,000.
At the end of April there were 355 Oceanside homes for sale, compared to 295 last month, up 20%. April list prices ranged from $265,000 to $10,500,000.
As a result, there is a 2.1 month supply of single family homes (the same as last month). There is a 3.3 month supply for condos, townhomes and duplexes (the same as in March). These numbers are based on the rate of sales over the last 3 months.
The Oceanside market continues to be a seller’s market for single family homes, as well as condos, townhomes and duplexes.
207 Oceanside homes were listed for sale in April, compared to 213 last month. The number of homes going pending also declined, from 125 in March to 103 (excluding the homes that closed in April).
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 educated decisions about your home purchase or sale.
Please reach out to me directly or by text at (760) 840-1360 to discuss your particular housing needs, lifestyle, budget and questions. Together we can create a strategy to help buy your new home, and/or sell your current Oceanside home if that’s your desire.