Here’s the November 2022 Market Report for Oceanside with several changes from last month. Here’s the October 2022 market report in case you missed it.
Private sales or manufactured, mobile, or multifamily housing are not included. Data are taken from the MLS and are believed to be accurate when this report was written, but not guaranteed.
110 homes sold in Oceanside’s 4 zip codes, 17% fewer sales than in October. Here are the specifics.
Single Family Homes Sold – 78 (down 16%). 34 Average Days on Market. The Average Sales Price was $896,793 (down 8%). Average Sales Price was 95% of the original asking price.
Condos, Townhomes & Duplexes Sold – 32 (down 18%). 33 Average Days on market. Average Sales Price was $566,187 (down 6%). The Average Sales Price was 94% of the original asking price.
Overall sales volume for November declined significantly from last month. Sales decreased for single family detached homes, as they did for condos, townhomes and duplexes. The average sales price was lower for single family homes, and for condos, townhomes, and duplexes. Sales prices ranged from $320,000 to $4,900,000.
Average marketing time was longer for single family homes, as well as for condos, townhomes and duplexes. However, some buyers made quick decisions, with 21% of the homes going pending in 1 week or less.
While about 3/4 of the buyers negotiated their purchase prices, 27% paid list price or more. The median sales price of single family homes was 12% lower than October, at $797,500. The median price for condos, townhomes and duplexes was slightly lower at $528,750 (down 1%).
At the end of November there were 259 Oceanside homes for sale, 11% fewer than last month (290). Home prices range from $400,000 to $6,495,000.
Thus there is a 1.8 month supply of single family homes, the same as last month. There is a 2 month supply for condos, townhomes and duplexes (the same as 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.
118 Oceanside homes were listed for sale in November, 13% fewer than last month. On the other hand, the number of Oceanside homes going pending increased to 91, up from 83 in October. That excludes homes that actually closed in November.
I’m happy to provide more information about the Oceanside real estate market. I can share details within specific zip codes, neighborhoods, or price ranges, to help you make an informed buy or sell decision. Please reach out to me at (760) 840-1360 to discuss your particular housing needs, lifestyle, budget and questions. Then we can develop a plan to help buy your new home, and/or sell your current Oceanside home.