Oceanside housing remains very competitive. We continue to see shifts each month (here’s the February market report) and year-over-year. Here’s the Oceanside Market Report for March 2022.
There were 201 homes sold in Oceanside, 30% more sales than in March.
Single Family Homes Sold – 137 (up 36%). 14 Average Days on Market. Average Sales Price was $955,979 (up 14%). The Average Sales Price was 107% of the original list price
Condos, Townhomes & Duplexes Sold – 64 (up 19%). 15 Average Days on market. Average Sales Price was $713,216 (up by 18%). The Average Sales Price was 105% of the original asking price.
Overall sales volume for March was significantly higher. That’s true both for single family detached homes, and for condos, townhomes and duplexes. The average sales price was higher for single family homes, as well as for condos, townhomes, and duplexes. March sales prices ranged from $325,000 to $4,435,000.
Average marketing time was about the same for single family homes, but 5 days shorter for condos, townhomes and duplexes. Many buyers made decisions quickly; 65% of the homes went pending in 1 week or less.
Some buyers successfully negotiated their purchase price down from original list price. But the majority (86%) paid the full price or more for their new homes, the result of competition.
The median sales price of single family homes was 17% higher than last month at $920,000 (vs. $780,000). The median price for condos, townhomes and duplexes was also higher at $560,000, up from $550,000.
At the end of March there were 94 Oceanside homes for sale, ranging in price from $368,000 to $6,500,000. This is a 10% decrease in inventory from February!
This translates to a supply of 18 days for single family homes (compared to 20 days last month). There is a 15 day supply for condos, townhomes and duplexes based on the rate of sales over the last 3 months. The Oceanside market remains a very strong seller’s market due to supply and demand.
211 Oceanside homes were listed for sale in March, up 23%, an average of 7 new listings per day. The number of Oceanside homes going pending also increased, from 156 to 171 (excluding homes that closed in March). It was a fairly active month for buying and selling in Oceanside.
I’m happy to share more details about the Oceanside housing market, within specific zip codes, neighborhoods, or price ranges. Please reach out to me at (760) 840-1360 so we can discuss your particular housing needs, lifestyle, budget and questions. We can then create a strategy to help you buy a new home, and/or help sell your current Oceanside home.