Here’s the Oceanside Market Report for November 2023. And here’s the October Market Report as a comparison.
The Oceanside real estate market continues to evolve. This market report does not include private sales or manufactured, mobile, or multifamily housing. Data are from the MLS and 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 buying and/or selling decisions.
In November 2023 there were 116 homes sold in Oceanside, 1 fewer sale than October.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 81 (up 8%). 15 Average Days on Market. The Average Sales Price was $991,302 (up 7%). Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold – 34 (down 17%). 23 Average Days on market. The Average Sales Price was $677,152 (down 6%). The Average Sales Price was 99% of the original asking price.
Overall sales volume for November dropped slightly from October. There were more single family detached home sales, but 7 fewer condo, townhome and duplex sales. The average sales price was higher for single family homes, but lower for condos, townhomes, and duplexes. Sales prices in November ranged from $371,000 to $4,200,000.
Average time on the market was shorter for single family homes, but longer for condos, townhomes and duplexes. At the same time, 34% of the homes went pending in 1 week or less, fewer than last month.
While many buyers were successful in negotiating their purchase prices, more than half (57%) paid list price or more. The median sales price of single family homes was 2% higher than last month, at $899,000. The median sales price for condos, townhomes and duplexes was 4% higher, at $575,000.
There were 208 Oceanside homes for sale at the end of November, compared to 206 last month, a slight improvement in inventory. Home prices ranged from $295,000 to $5,395,000.
As a result, there is a 1.5 month supply of single family homes (the same as last month). There is a 2 month supply for condos, townhomes and duplexes (up from 1.6 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.
108 Oceanside homes came on the market in November, compared to 151 last month. In similar fashion, the number of Oceanside homes going pending declined from 92 in October to 69, excluding homes that closed in November.
I can provide more information about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This information will help you make educated decisions about your purchase or sale.
Please reach out to me at (760) 840-1360 to discuss your housing needs, lifestyle, budget and questions. Then we’ll develop a plan to help you buy your new home, and/or sell your current Oceanside home!