Here is the Oceanside Market Report for January 2023 with a number of shifts from December. And if you missed it, here’s the market report for December 2022 as a comparison.
The Oceanside real estate market continues to evolve. This market report does not include private sales or manufactured, mobile, or multifamily housing. The data are taken from the MLS and are believed accurate when this report was written, but are not guaranteed.
Having up-to-date information from a knowledgeable REALTOR about local market conditions will help you make informed buying and/or selling decisions.
82 homes sold in Oceanside in January, down 31% from December. Here’s a summary of the housing activity.
Single Family Homes Sold – 55 (down 37%). 44 Average Days on Market. The Average Sales Price was $910,379 (up 4%). Average Sales Price was 95% of the original asking price.
Condos, Townhomes & Duplexes Sold – 27 (down by 4). 61 Average Days on market. The Average Sales Price was $518,822 (down 25%). Average Sales Price was 93% of the original asking price.
Overall sales volume for January dropped markedly from December. Sales decreased in particular for single family detached homes. There were 4 fewer sales of condos, townhomes and duplexes. The average sales price was modestly higher for single family homes, but declined for condos, townhomes, and duplexes. January sales prices ranged from $260,000 to $5,700,000.
Average marketing time was longer for single family homes, as it also was for condos, townhomes and duplexes. At the same time, however, some buyers made quick decisions. 12% of the homes went pending in 1 week or less, fewer than last month.
While the majority of buyers negotiated their purchase prices down, 20% paid list price or higher. The median sales price of single family homes was $805,000, 1% lower than last month. The median price for condos, townhomes and duplexes was 13% lower, at $490,000.
Inventory dropped again in January. There were 184 homes for sale, 6 fewer than last month (190). List prices ranged from $219,000 to $6,495,000.
There is a 1.8 month supply of single family homes, and a 1.7 month supply for condos, townhomes 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 based on supply and demand.
119 Oceanside homes were listed for sale in January, 78% more than last month (67). Similarly, the number of Oceanside homes going pending increased to 88, up from 67 in December (excluding homes that 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. This can include specific zip codes, neighborhoods, or price ranges.
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 home.