Here’s the Oceanside Market Report for August 2023. And here is the Market Report for July for comparison in case you missed it.
The Oceanside housing market continues to change. This market report does not include private sales or manufactured, mobile, or multifamily housing. The data are derived from the MLS and are 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. Read more: Real Estate is Local but HOW Local?
There were 146 homes sold in Oceanside, 6% more sales than in July.
MARKET REPORT DETAILS
Single Family Homes Sold – 105 (up by 1). 16 Average Days on Market. The Average Sales Price was $902,108 (down 3%). The Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold – 41 (up 21%); 17 Average Days on market; Average Sales Price was $725,931 (down 2%); the Average Sales Price was 100% of the original asking price.
Overall sales volume for August increased from July. There was 1 more single family detached home sale, while significantly more condos, townhomes and duplexes sold. The average sales price was slightly lower for single family homes, as well as for condos, townhomes, and duplexes. Sales prices ranged from $360,000 to $1,800,000.
Average time on the market was about the same as last month for single family homes, as it was for condos, townhomes and duplexes. A good number of buyers made quick decisions, with 46% of the homes going pending in 1 week or less.
While some buyers negotiated their purchase prices, the majority (66%) paid list price or higher. The median sales price of single family homes was up 1% from last month at $885,000. In contrast, the median price for condos, townhomes and duplexes was 9% lower than in July at $615,000.
At the end of August there were 152 Oceanside homes for sale, compared to 164 last month (down 7%). List prices range from $345,000 to $6,499,000.
Thus, there is a 28-day supply of single family homes (down slightly from 1 month last month). There is a 1.2 month supply for condos, townhomes and duplexes (the same as last month). This is based on the rate of sales over the last 3 months. The Oceanside market remains a very strong seller’s market based on supply and demand.
149 Oceanside homes were listed for sale in August, compared to 145 last month. The number of Oceanside homes going pending rose from 97 in July to 106 (excluding homes that actually closed in August).
I’m happy to share more information 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 at (760) 840-1360 to discuss your 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!