Here’s the Market Report for June 2023 for Oceanside. And here is the May market report as a comparison in case you missed it.
The Oceanside real estate market is continuing to shift. This market report does not include private sales or manufactured, mobile, or multifamily housing. These data are taken from the MLS and are believed to be accurate when this report was written, but are not guaranteed.
Having current information from a knowledgeable REALTOR about local market conditions helps you make informed decisions about buying or selling.
In June 2023 there were 159 homes sold in Oceanside, up 11% from May.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 110 (up 12%). 14 Average Days on Market; The Average Sales Price was $904,208 (up 3%). Average Sales Price was 101% of the original asking price.
Condos, Townhomes & Duplexes Sold – 49 (up by 4). 19 Average Days on market. The Average Sales Price was $643,284 (up 2%). Average Sales Price was 99% of the original asking price.
The overall sales volume for June rose from May. There were more sales of single family detached homes, and more condos, townhomes and duplexes were sold. The average sales price was slightly higher for single family homes, as it was for condos, townhomes, and duplexes. Sales prices ranged from $325,000 to $2,250,000.
Average marketing time was shorter for single family homes, but remained the same for condos, townhomes and duplexes. Many buyers made prompt decisions, resulting in 52% of the homes going pending in 1 week or less.
While many buyers negotiated their purchase prices, well over half, 68%, paid list price or more. This was fewer than last month. The median sales price of single family homes was up 6%, at $872,500. Similarly, the median price for condos, townhomes and duplexes was 4% higher, at $585,000.
At the end of June there were 155 Oceanside homes for sale, compared to 147 last month. Home prices range from $125,000 (a fractional ownership) to $6,999,000.
As a result there is only a 1 month supply of single family homes, the same as last month. And there is only a 1.1 month supply for condos, townhomes and duplexes (up from 1 month last month). This is based on the rate of sales over the last 3 months. The Oceanside market remains a very strong seller’s market based on supply and demand.
149 Oceanside homes were listed for sale in June, down 13% from last month (171). 99 Oceanside homes went pending, down from 113 in May (excluding homes that actually closed in June).
NEXT STEPS
I’m happy to provide more information about specific zip codes, neighborhoods, or price ranges, to help you make an informed buying or selling decision.
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 one!
You can download my free Summer 2023 Home Buyer Guide here. And here’s the link for my Summer 2023 Home Seller Guide.