Here is the Oceanside Market Report for January 2024. And here’s the Market Report for December 2023 as a comparison.
The Oceanside housing market continues to change. This market report excludes private sales and manufactured, mobile, and multifamily housing. The data are from the MLS and believed accurate when this report was written but are not guaranteed.
Having current information about local market conditions from a knowledgeable REALTOR will help you make informed buying and selling decisions.
There were 105 homes sold in Oceanside, 14% more sales than in December.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 71 (up by 2). 32 Average Days on Market. The Average Sales Price was $871,592 (down 22%). Average Sales Price was 98% of the original asking price.
Condos, Townhomes & Duplexes Sold – 34 (up 48%). 19 Average Days on market. The Average Sales Price was $746,382 (up 28%). Average Sales Price was 99% of the original asking price.
Overall sales volume for January increased from last month. There were 2 more single family detached home sales, and substantially more condo, townhome and duplex sales. The average sales price was lower for single family homes, but higher for condos, townhomes, and duplexes. Sales prices ranged from $320,000 to $2,700,000.
Average time on the market was longer for single family homes, but was substantially shorter for condos, townhomes and duplexes. On the other hand, some buyers made prompt decisions, with 27% of the homes going pending in 1 week or less.
While the majority of buyers negotiated their purchase prices, 45%, paid list price or more. The median sales price of single family homes was 4% lower than last month, at $866,000. In contrast, the median price for condos, townhomes and duplexes was 37% higher at $650,000.
At the end of January there were 157 Oceanside homes for sale, compared to 145 last month, up 8%. List prices range from $295,000 to $4,925,000.
As a result, there is a 1.3 month supply of single family homes (up from 1.1 months last month). And there is a 2 month supply for condos, townhomes and duplexes (up from 1.8 months last month). This is based on the rate of sales over the last 3 months. The Oceanside market is a very strong seller’s market based on housing supply and demand.
133 Oceanside homes were listed for sale in January, a big increase from 59 last month. On the other hand, the number of Oceanside homes going pending decreased from 101 in December to 92, excluding homes that closed in January.
I’m happy to provide more information about the Oceanside real estate market for specific zip codes or price ranges. This can help you make informed buying or selling decisions.
Please reach out to me at (760) 840-1360 to discuss your housing needs, lifestyle, budget and questions. Then we can create a plan to help you buy a new home, and/or sell your current home.