Here is the Oceanside Market Report for August. And here’s the Market Report for July for comparison.
The Oceanside housing market continues to change. This market report does not include private sales, mobile, or multifamily housing. The information is taken from the MLS and believed accurate when this report was written but is not guaranteed.
Buyers and sellers need to have current information about local market conditions from a knowledgeable REALTOR in order to make educated buying and selling decisions.
There were 147 homes sold in Oceanside, 7 fewer sales than in July.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 104 (down by 4). 31 Average Days on Market. Average Sales Price was $1,070,136 (up 1%). The Average Sales Price was 97% of the original asking price.
Condos, Townhomes & Duplexes Sold – 43 (down by 3). 41 Average Days on market. Average Sales Price was $667,388 (down 11%). The Average Sales Price was 97% of the original asking price.
Overall sales volume for August declined from last month. There were 4 fewer single family detached home sales, and condo, townhome and duplex sales decreased by 3. The average sales price was up slightly for single family homes, but was lower for condos, townhomes, and duplexes. Sales prices ranged from $310,000 to $5,775,000.
The average time on the market was the same for single family homes, but was longer for condos, townhomes and duplexes. 32 (22%) of the homes went pending in 7 days or less.
Most of the home buyers negotiated their home purchase prices, however, 39% paid asking price or higher. The median sales price of single family homes was 1% lower than last month, at $922,500. On the other hand, the median price for condos, townhomes and duplexes was 6% higher at $635,000.
At the end of August there were 385 Oceanside homes for sale, versus 412 last month, a drop of 7%. August home prices ranged from $265,000 to $8,500,000 (including a 1/10 fractional ownership property for sale at $130,000).
As a result, there is a 2.3 month supply of single family homes (down from 2.5 months last month). There is a 3.1 month supply for condos, townhomes and duplexes (down from 3.4 months last month). The supply is based on the rate of sales over the last 3 months.
The Oceanside market remains a seller’s market based on supply and demand for condos, townhomes and duplexes. Oceanside is a strong seller’s market for single family homes.
167 Oceanside homes were listed for sale in August, compared to 195 last month. The number of Oceanside homes going pending also decreased from 97 in July to 92 (excluding the homes that closed in August).
I’m happy to provide more information about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This will help you make educated decisions about your purchase or sale. Please reach out to me directly or via text at (760) 840-1360 to discuss your particular housing needs, lifestyle, budget and questions. Based on that information we’ll develop a strategy to help buy your new home, and/or sell your current Oceanside home, if that’s your goal.