Oceanside Market Report February 2023

Carlsbad Market Report April 2024

Here’s the Oceanside Market Report for February 2023. This market report does not include private sales or manufactured, mobile, or multifamily housing. The data are from the MLS and believed to be accurate when this report was written, but not guaranteed. Here’s the market report for January as a comparison

Having current information about local market conditions can help you make educated decisions about buying or selling.

Oceanside marina at sunset

99 homes sold in February 2023 in Oceanside’s 4 zip codes, 21% more than in January. Here are the specifics.

Single Family Homes Sold – 63 (up 15%). 36 Average Days on Market. The Average Sales Price was $868,182 (down 5%). Average Sales Price was 97% of the original asking price.

Condos, Townhomes & Duplexes Sold – 36 (up 33%). 47 Average Days on market.  The Average Sales Price was $639,000 (up 23%). Average Sales Price was 97% of the original asking price.

Overall sales volume for February rose substantially from January. Sales increased for single family detached homes, and in particular for condos, townhomes and duplexes. The average sales price was lower for single family homes, but was higher for condos, townhomes, and duplexes. Sales prices ranged from $325,000 to $4,650,000.

Average marketing time was shorter for single family homes, and for condos, townhomes and duplexes. However, some buyers made quick decisions, with 25% of the homes going pending in 1 week or less.

The majority of buyers negotiated their purchase prices. However, 39% paid asking price or higher, more than did so in January.

The median sales price of single family homes was 5% higher than last month, at $845,000. The median price of $595,500 for condos, townhomes and duplexes was 22% higher.

At the end of February there were 143 Oceanside homes for sale, significantly fewer than last month (184), another decline. Home prices range from $285,000 to $6,495,000.

Thus there is a 1.5 month supply of single family homes (down from 1.8 months last month). And Oceanside has a 1.3 month supply for condos, townhomes and duplexes (down from 1.7 months last month). This is based on the rate of sales over the last 3 months. The Oceanside market continues to be a very strong seller’s market based on supply and demand.

107 Oceanside homes were listed for sale in January, 10% fewer than last month (119). In contrast, the number of Oceanside homes going pending increased to 111, up from 88 in January (excluding homes that actually closed in January).

I’m happy to provide more information about the Oceanside real estate market to help you make an informed decision about your home purchase or sale. Please reach out to me at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget and questions. Then we’ll develop a plan to help buy your new home, and/or sell your current Oceanside home!