Here’s the Oceanside Market Report for July 2023. And here’s a link to the June 2023 market report for comparison in case you missed it.
The Oceanside real estate market continues to shift. This market report does not include private sales or manufactured, mobile, or multifamily housing. Data are from the MLS and believed accurate when this report was written but are not guaranteed.
Having current information from a knowledgeable REALTOR about local market conditions will help you make informed buying and selling decisions. Read Real Estate is Local but How Local?
138 homes sold in Oceanside’s 4 zip codes, down by 13% from June. Here is more information about the housing activity.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 104 (down by 6). 17 Average Days on the market. The Average Sales Price was $926,578 (up 2%). Average Sales Price was 102% of the original asking price.
Condos, Townhomes & Duplexes Sold – 34 (down 31%). 16 Average Days on the market. The Average Sales Price was $740,294 (up 21%). Average Sales Price was 100% of the original asking price.
The overall sales volume for July dropped from June. There were fewer single family detached homes sold, and significantly fewer condo, townhome and duplex sales. The average sales price was slightly higher for single family homes, but substantially higher for condos, townhomes, and duplexes. Sales prices ranged from $351,000 to $2,100,000.
Average marketing time was longer for single family homes, but shorter for condos, townhomes and duplexes. A good number of buyers made prompt decisions, as 46% of the homes went pending in 1 week or less.
Plenty of buyers negotiated their purchase prices, however, over half (61%) paid list price or more. The median sales price of single family homes was roughly the same as last month, at $878,000. In contrast, the median price for condos, townhomes and duplexes at $675,000 was 15% higher.
There were 164 Oceanside homes for sale at the end of July, compared to 155 last month. Listing prices range from $345,000 to $6,499,000.
As a result, there is a 1 month supply of single family homes (the same as last month). There is a 1.2 month supply for condos, townhomes and duplexes (up slightly from 1.1 months last month). The supply is based on the rate of sales for the last 3 months.
Oceanside continues to be a very strong seller’s market based on supply and demand.
145 Oceanside homes were listed for sale in July, down from last month (149). The number of Oceanside homes going pending decreased to 97, down from 99 in May (excluding homes that actually closed in July).
I’m happy to share information about specific zip codes, neighborhoods, or price ranges, to help you make informed decisions about your home 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 your new home, and/or sell your current Oceanside home!