Here’s the Oceanside Market Report for April 2022, with a number of changes from last month. And here’s the market report for March for comparison.
215 homes sold in Oceanside’s 4 zip codes, which is 7% more sales than in March. Here’s the breakdown of overall activity.
Single Family Homes Sold – 155 (up 13%). 11 Average Days on Market. Average Sales Price $972,000 (up 2%). The Average Sales Price was 107% of the original asking price.
Condos, Townhomes & Duplexes Sold – 60 (down by 4). 15 Average Days on market. The Average Sales Price was $649,907 (down 9%). Average Sales Price was 105% of the original asking price.
The overall sales volume for April rose from last month. Sales increased for single family detached homes, but dropped for condos, townhomes and duplexes.
The average sales price was higher for single family homes, and lower for condos, townhomes, and duplexes. Sales prices in April ranged from $375,000 to $3,100,000.
Average marketing time was shorter for single family homes, and for condos, townhomes and duplexes. Plenty of buyers made decisions quickly, with 63% of the homes going pending in 1 week or less.
Some buyers negotiated their purchase prices down from original list price. At the same time, however, 4 out of 5 (81%) paid more than asking price for their new homes.
The median sales price of single family homes was 2% higher than in March at $920,000. Similarly, the median price for condos, townhomes and duplexes, $582,500, was 4% higher.
There were 149 Oceanside homes for sale at the end of April, ranging in price from $339,000 to $6,500,000. This is a significant improvement in inventory, by 59%, from last month.
There is a supply of 26 days for single family homes,and 22 days for condos, townhomes and duplexes. 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 due to supply and demand.
232 Oceanside homes were listed for sale in April, 10% more than last month. This is good news for buyers.
In contrast, the number of Oceanside homes going pending dropped to 143 (excluding homes that actually closed in April). But it was still a pretty active month in Oceanside for selling and buying.
Would you like more details about the Oceanside real estate market? Please reach out to me at (760) 840-1360 so we can discuss your particular housing needs, lifestyle, budget and questions. Then we can develop a strategy to buy a new home, and/or help sell your current Oceanside home!
If a home sale is your plan, you might want to read: Planning to Sell? Where Will You Go?