Here’s the Oceanside Market Report for June. And here’s a link to the Market Report for May for a comparison.
The Oceanside housing market continues to shift. This market report does not include private sales, mobile, or multifamily housing. Statistics were derived from the MLS and are believed accurate when this report was written but not guaranteed.
Having up-to-date information about local market conditions from a knowledgeable REALTOR will help you make educated buying and selling decisions.
There were 134 homes sold in Oceanside, 15% fewer sales than in May.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 91 (down 23%). 19 Average Days on Market. Average Sales Price was $959,249 (down 4%). The Average Sales Price was 101% of the original asking price.
Condos, Townhomes & Duplexes Sold – 43 (up by 3). 34 Average Days on market. Average Sales Price was $764,299 (down 10%). The Average Sales Price was 99% of the original asking price.
Overall sales volume for June decreased from last month. There were fewer single family detached home sales, but 3 more condo, townhome and duplex sales. The average sales price was lower for single family homes, and was also lower for condos, townhomes, and duplexes. Sales prices for June ranged from $375,000 to $2,100,000.
The average time on the market was modestly longer for single family homes, as it was also for condos, townhomes and duplexes. 37% of the homes went pending in 1 week or less.
Some buyers were able to negotiate their purchase prices. However, 64% paid list price or more, the same as last month. The median sales price of single family homes was 2% less than last month, at $925,000. The median sales price of $610,000 for condos, townhomes and duplexes was 16% lower than in May.
There were 283 Oceanside homes for sale at the end of June, compared to 215 last month, and good news for buyers. Home prices range from $295,000 to $6,500,000.
As a result, there is a 1.6 month supply of single family homes (up from 1.2 months last month). There is a 2.3 month supply for condos, townhomes and duplexes (up from 1.9 months last month). This is based on the rate of sales over the last 3 months. The Oceanside market is still a very strong seller’s market given current supply and buyer demand.
198 Oceanside homes were listed for sale in June, versus 164 last month. In contrast, the number of homes going pending dropped from 114 to 101 (excluding homes that closed in June).
I’m happy to provide more information about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This will help you make an informed decision about your purchase or sale. Please reach out to me directly or by text at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget and questions. We can work together to develop a strategy to help buy your new home, and/or sell your current one.