Oceanside Market Report February 2024

Oceanside Market Report March 2024

Here’s the Oceanside Market Report for February2024. And here’s the Market Report for January 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 (information was taken from the MLS and is believed accurate when this report was written but not guaranteed).

Having current information about the local market conditions from a knowledgeable REALTOR will help you make educated buying and selling decisions.

113 homes sold in Oceanside, 8% more sales than in January.

Mission San Luis Rey in Oceanside CA

OCEANSIDE MARKET REPORT DETAILS

Single Family Homes Sold – 76 (up by 5). 29 Average Days on Market. The Average Sales Price was $901,316 (up 3%). Average Sales Price was 99% of the original asking price.

Condos, Townhomes & Duplexes Sold – 37 (up by 3). 33 Average Days on market. The Average Sales Price was $1,008,000 (up 35%). The Average Sales Price was 97% of the original asking price.

Overall sales volume for February increased from January, another sales increase. There were more single family detached home sales, and several more condo, townhome and duplex sales. The average sales price was a little higher for single family homes, but was substantially higher for condos, townhomes, and duplexes (due, in part, to 2 sales for over $3.6M). Sales prices ranged from $390,000 to $4,030,000.

Average time on the market was shorter for single family homes, but substantially longer for condos, townhomes and duplexes. At the same time, however, 46% of the homes went pending in 1 week or less.

Some buyers negotiated their purchase prices, however, 62% were willing to pay list price or higher. The median sales price of single family homes was 4% higher than in January, at $897,500. Similarly, the median price for condos, townhomes and duplexes at $698,675, was 7% higher.

At the end of February there were 159 Oceanside homes for sale, versus 157 last month. Home prices range from $295,000 to $4,000,000.

Consequently, there is a 1.2 month supply of single family homes (down from 1.3 months last month). And there is a 2.3 month supply for condos, townhomes and duplexes (up from 2 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.

120 Oceanside homes were listed for sale in February, down from 133 last month. On the other hand, the number of Oceanside homes going pending increased from 92 in January to 110 (excluding homes that closed in February).

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 you buy a new home, and/or sell your current Oceanside home.