Here’s the May 2023 Market Report for Oceanside. And here’s the market report for April as a comparison.
The Oceanside real estate market continues to change. This market report does not include private sales or manufactured, mobile, or multifamily housing. The data are from the MLS and believed to be accurate when this report was written, but are not guaranteed.
Having up-to-date information about local market conditions helps buyers and sellers make informed buying and selling decisions.
143 homes sold in Oceanside in May, up by 7% from April. Here are the details of the housing activity.
Single Family Homes Sold – 98 (up by 4). 19 Average Days on Market; The Average Sales Price was $875,132 (down 6%). the Average Sales Price was 102% of the original asking price.
Condos, Townhomes & Duplexes Sold – 45 (up by 5). 19 Average Days on market. Average Sales Price was $628,815 (no change). The Average Sales Price was 102% of the original asking price.
Overall sales volume for May rose from April. There were more sales of single family detached homes, as well as for condos, townhomes and duplexes.
The average sales price was lower for single family homes, but remained about the same for condos, townhomes, and duplexes. Sales prices ranged from $341,000 to $2,942,500.
Average marketing time was shorter for single family homes, and for condos, townhomes and duplexes. However, at the same time many buyers made prompt decisions, with 55% of the homes going pending in 1 week or less.
While many buyers negotiated their purchase prices, well over half, 73%, paid list price or higher, more than last month. The median sales price of single family homes was about the same as last month, at $825,000. On the other hand the median price of $560,000 for condos, townhomes and duplexes was 7% lower.
At the end of May there were 147 Oceanside homes for sale, more than last month (137). Home prices range from $125,000 (a fractional ownership) to $6,499,000.
As a result there is only a 1 month supply of single family homes, down from 1.1 months last month.There is a 1 month supply for condos, townhomes and duplexes, up slightly from 27 days 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.
171 Oceanside homes were listed for sale in May, 17% more than last month (146). The number of Oceanside homes going pending increased to 113, up from 101 in April, excluding homes that actually closed in May.
I can provide more information about the Oceanside real estate market, and for specific zip codes, neighborhoods, or price ranges. Please reach out to me at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget and questions. I’ll help you develop a plan to buy your new home, and/or sell your current Oceanside home if that’s of interest!