Oceanside Market Report May 2024

Oceanside Market Report June 2024

Here’s the Oceanside Market Report for May 2024. And here’s the Market Report for April for comparison.

The Oceanside housing market continues to change. This market report does not include private sales, mobile, or multifamily housing. Information was 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 educated buying and selling decisions.

There were 158 homes sold in Oceanside, 7% fewer sales than in April.

Oceanside Harbor and Marina

OCEANSIDE MARKET REPORT DETAILS

Single Family Homes Sold – 118 (down by 2). 16 Average Days on Market. The Average Sales Price was $994,921 (up 3%). Average Sales Price was 101% of the original asking price.

Condos, Townhomes & Duplexes Sold – 40 (down 20%). 31 Average Days on market. The Average Sales Price was $848,853 (up 7%). The Average Sales Price was 99% of the original asking price.

Overall sales volume for May dropped from April. There were 2 fewer single family detached home sales, and fewer condos, townhomes and duplexes were sold. The average sales price was higher for single family homes, as well as for condos, townhomes, and duplexes. Sales prices ranged from $379,900 to $3,050,000.

Average time on the market was a little shorter for single family homes, but was significantly longer for condos, townhomes and duplexes. At the same time, a fair number of the buyers made quick decisions, with 42% of the homes going pending in 7 days or less.

While some buyers negotiated their purchase prices, 64% paid the list price or more. The median sales price of single family homes was slightly less than last month, at $945,000. On the other hand, the median price for condos, townhomes and duplexes was 13% higher, at $723,750.

At the end of May there were 215 Oceanside homes for sale, compared to 217 last month. Home prices range from $295,000 to $6,500,000.

As a result, there is a 1.2 month supply of single family homes (down from 1.3 months last month). There is a 1.9 month supply for condos, townhomes and duplexes (down from 2.1 months last month). This is based on the rate of sales over the last 3 months. Oceanside continues to be a very strong seller’s market based on supply and buyer demand.

164 Oceanside homes were listed for sale in May, compared to 190 last month. The number of Oceanside homes going pending was the same as in April at 114 (excluding homes that closed in May).

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 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 develop a plan to help you buy a new home, and/or sell your current Oceanside home.