Here is the Oceanside Market Report for December 2023. And here’s the link to the November Market Report for comparison.
The Oceanside housing market continues to shift. This market report does not include private sales or manufactured, mobile, or multifamily housing. The data were taken from the MLS and believed to be accurate when this report was written but are not guaranteed.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 69 (down 15%). 26 Average Days on Market. The Average Sales Price was $1,116,938 (up 13%). The Average Sales Price was 98% of original asking price.
Condos, Townhomes & Duplexes Sold – 23 (down 34%). 42 Average Days on market. The Average Sales Price was $581,511 (down 14%). The Average Sales Price was 96% of the original asking price.
Overall sales volume for December decreased significantly from November. There were fewer single family detached home sales, and fewer condo, townhome and duplex sales. The average sales price was higher for single family homes than last month, but was lower for condos, townhomes, and duplexes. Sales prices ranged from $505,000 to $6,150,000.
Average time on the market was longer for single family homes, as it also was for condos, townhomes and duplexes. However, some buyers made quick decisions, with 29% of the homes going pending in 1 week or less.
While a number of buyers negotiated their purchase prices, 48% paid list price or more. The median sales price of single family homes was slightly higher than last month, at $902,000. In contrast the median price of $475,000 for condos, townhomes and duplexes was 17% lower.
At the end of December there were 145 Oceanside homes for sale, versus 208 last month, a substantial decrease! Home prices range from $295,000 to $4,925,000.
As a result, there is a 1.1 month supply of single family homes (down from 1.5 months last month). And there is a 1.8 month supply for condos, townhomes and duplexes (down from 2 months last month). This is based on the rate of sales for the last 3 months. The Oceanside market continues to be a very strong seller’s market.
59 Oceanside homes were listed for sale in December, down from 108 last month. On the other hand the number of Oceanside homes going pending increased from 69 in November to 101 (excluding homes that closed in December).
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 an informed decision about your purchase or sale.
Please reach out to me at (760) 840-1360 to discuss your housing needs, lifestyle, budget and questions. Then we can develop a plan to help buy a new home, and/or sell your current Oceanside home.