Here’s the Market Report for Oceanside for March 2024. And here’s the Market Report for February as a comparison.
The Oceanside housing market continues to change. This market report does not include private sales, mobile, or multifamily housing. Statistics were taken from the MLS and believed accurate when this report was written but not guaranteed.
Having current information about local market conditions from a knowledgeable REALTOR will help you make informed buying and selling decisions.
There were 133 homes sold in Oceanside, 18% more sales than in February.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 88 (up 16%). 18 Average Days on Market; The Average Sales Price was $1,002,054 (up 11%). the Average Sales Price was 101% of the original asking price.
Condos, Townhomes & Duplexes Sold – 45 (up 22%). 33 Average Days on market. The Average Sales Price was $769,956 (down 24%). Average Sales Price was 99% of the original asking price.
Overall sales volume for March increased substantially from February. There were more single family detached home sales, as well as more condo, townhome and duplex sales. The average sales price was higher for single family homes, but lower for condos, townhomes, and duplexes. Sales prices ranged from $369,000 to $2,900,000.
Average time on the market was shorter for single family homes, but remained the same for condos, townhomes and duplexes. However, a number of buyers made quick decisions, with 41% of the homes going pending in 1 week or less.
Some buyers were able to negotiate their purchase prices. At the same time, however, 59% paid asking price or higher. The median sales price of single family homes at $907,500 was 1% higher than last month. In contrast, the median price for condos, townhomes and duplexes dropped 3% to $675,000.
There were 174 Oceanside homes for sale at the end of March, compared to 159 last month. Home prices range from $295,000 to $6,500,000.
Thus, there is a 1.3 month supply of single family homes (up from 1.2 months last month). And there is a 1.8 month supply for condos, townhomes and duplexes (down from 2.3 months last month). This isbased on the rate of sales over the last 3 months. The Oceanside market continues to be a very strong seller’s market.
167 Oceanside homes were listed for sale in March, up from 120 last month. The number of Oceanside homes going pending also increased 10% from February to 121 (excluding homes that closed in March).
I’m happy to share more information about the Oceanside real estate market for particular zip codes and neighborhoods. This will enable you to make an informed decision about a home purchase or sale. Please reach out to me at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget and questions. Then we can create a plan to help you buy a new home, and/or sell your current Oceanside home.