Here’s the Oceanside Market Report for March 2023, and a look back at the February market report here. The Oceanside real estate market continues to shift. This report does not include private sales or manufactured, mobile, or multifamily housing. Data are taken from the MLS and are believed to be accurate when this report was written, but are not guaranteed.
Having up-to-date information from a knowledgeable REALTOR about local market conditions will help you make informed decisions about buying or selling in Oceanside.
153 homes sold in Oceanside’s 4 zip codes in March, up 55% from February, another increase in sales. Here are the specifics of the housing activity.
Single Family Homes Sold – 105 (up 67%). 34 Average Days on Market. The Average Sales Price was $879,895 (up 1%). Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold – 48 (up 33%). 31 Average Days on market. The Average Sales Price was $705,527(up 10%). Average Sales Price was 98% of the original asking price.
Overall sales volume for March rose significantly from February, in particular for single family detached homes. Sales also rose substantially for condos, townhomes and duplexes. The average sales price was slightly higher for single family homes, and was modestly higher for condos, townhomes, and duplexes. March sales prices ranged from $320,000 to $5,600,000.
Average marketing time was 2 days shorter for single family homes, and was significantly shorter for condos, townhomes and duplexes. Marketing time remained about 1 month. While plenty of buyers made quick decisions, 37% of the homes went pending in 1 week or less, more than in February.
While the majority of buyers negotiated their purchase prices, almost half, 46%, paid list price or higher, more than in February. The median sales price of single family homes was the same as last month, at $845,000. The median price for condos, townhomes and duplexes was 4% lower, at $569,500.
There were 128 Oceanside homes for sale at the end of March, fewer than last month (148). Home prices range from $285,000 to $6,495,000.
Thus there is a 1.2 month supply of single family homes (down from 1.5 months last month). And there is a 1 month supply for condos, townhomes and duplexes (down from 1.3 months 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.
122 Oceanside homes came on the market in March, 14% more than last month (107). In contrast, the number of Oceanside homes going pending decreased to 95, down from 111 in February (excluding homes that actually closed in March).
I’m happy to provide more information about the Oceanside real estate market, and in specific zip codes, neighborhoods, or price ranges, to help you make an informed decision about your home purchase or sale.
Please reach out to me at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget and questions. We can then develop a plan to help you buy your new home, and/or sell your current Oceanside home!