Oceanside Market Report December 2022

Oceanide Market Report December 2022

Here’s the Oceanside Market Report for December. The market report for November is here for comparison.

Data show the Oceanside real estate market is continuing to shift. This report does not include private sales or manufactured, mobile, or multifamily housing. Data are from the MLS and believed accurate when this report was written, but are not guaranteed.

There were 118 homes sold in Oceanside, 8 more than in November. This contrasts with the sales declines seen in neighboring Vista, San Marcos and Carlsbad.

Oceanside Pier in Oceanside CA

Here are the specifics of the housing activity.

Single Family Homes Sold – 87 (up 12%). 27 Average Days on Market. The Average Sales Price was $874,817 (down 2%). Average Sales Price was 96% of the original asking price.

Condos, Townhomes & Duplexes Sold – 31 (down by 1). 36 Average Days on market. The Average Sales Price was $695,106 (up 23%). Average Sales Price was 97% of the original asking price.

Overall sales volume for December rose from November. There were more sales of single family detached homes, but sales of condos, townhomes and duplexes dropped slightly.

The average sales price was slightly lower for single family homes, but was higher for condos, townhomes, and duplexes. December sales prices ranged from $315,000 to $2,749,000.

Average marketing time was modestly shorter for single family homes, but a few days longer for condos, townhomes and duplexes. At the same time, some buyers made quick decisions. 23% of the homes went pending in 1 week or less, a little more than last month. Buyers should still be prepared to make fairly quick decisions in their home searches.

2/3 of the buyers negotiated their purchase prices. However, 35% paid list price or higher, more than last month. The median sales price of single family homes was 2% higher than in November, at $814,000. Similarly, the median price for condos, townhomes and duplexes was higher by 7% at $565,000.

At the end of December there were 190 Oceanside homes for sale, 27% fewer than last month (259), another decline. Listing prices range from $315,000 to $6,495,000.

Thus there is a 1.6 month supply of single family homes, and a 1.6 month supply for condos, townhomes and duplexes. This is based on the rate of sales over the last 3 months. Based on supply and demand, the Oceanside market remains a very strong seller’s market.

67 Oceanside homes were listed for sale in December, down 43% from last month (118). Similarly, the number of Oceanside homes going pending dropped to 67 from 91 in November. This excludes homes that actually closed in December.

I’m happy to provide more information about the Oceanside real estate market, and for specific zip codes, neighborhoods, or price ranges. This information can help you make informed decisions about your home purchase or sale.

Please reach out to me at (760) 840-1360 to discuss your specific housing needs, lifestyle, budget and questions. Then we’ll develop a plan to help you buy your new home, and/or sell your current home.