Here is the Oceanside Housing Market Report for November. And here is the Market Report for October for comparison.
The Oceanside housing market continues to shift. This market report does not include private sales, mobile, or multifamily housing. The information was taken from the MLS and is believed to be accurate when this report was written but is not guaranteed.
Having up-to-date information about local market conditions from a knowledgeable REALTOR will benefit you when you need to make educated decisions about buying and selling.
141 homes sold in Oceanside in November, 3 more than in October.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 97 (up by 2). 32 Average Days on Market. Average Sales Price was $942,943 (down 9%). The Average Sales Price was 97% of the original asking price.
Condos, Townhomes & Duplexes Sold – 44 (up by 1). 38 Average Days on market. Average Sales Price was $707,901 (down 3%). The Average Sales Price was 97% of the original asking price.
Overall sales volume for November increased slightly from last month. There were 2 additional single family detached home sales, and 1 more condo, townhome and duplex sale. The average sales price was lower for single family homes. The average sales prices was also lower for condos, townhomes, and duplexes. Sales prices ranged from $350,000 to $3,895,000.
The average time on the market was slightly longer for single family homes than last month, and a little longer for condos, townhomes and duplexes as well. 22% of the homes went pending in 1 week or less.
The majority of buyers negotiated their purchase prices, however, 45% paid list price or more. The median sales price of single family homes was $875,000, 8% lower than last month. Similarly, the median price of $590,000 for condos, townhomes and duplexes was 10% lower.
At the end of November there were 272 Oceanside homes for sale, down 11% from last month (304). Home prices range from $299,000 to $8,495,000.
Thus, there is a 1.7 month supply of single family homes (down from 1.8 months last month). And there is a 2.5 month supply for condos, townhomes and duplexes (down from 2.7 months last month). This is based on the rate of sales over the last 3 months.
The Oceanside market continues to be a strong seller’s market based on the supply and demand for condos, townhomes and duplexes. And there is a very strong seller’s market for buyers of single family homes.
100 Oceanside homes were listed for sale in November, compared to 188 last month. The number of Oceanside homes going pending also declined, from 133 in October to 74 (excluding the homes that closed in November).
I’m happy to provide more information about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This will enable you to make educated decisions about your home purchase or sale. Please reach out to me directly or by text at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget and questions. Then we can develop a plan to help you buy your new home, and/or sell your current Oceanside home.