Here’s the Oceanside Market Report for October 2023 with some changes from last month. And here’s the Market Report for September for comparison in case you missed it.
The Oceanside housing market continues to shift. This market report does not include private sales or manufactured, mobile, or multifamily housing. The data are taken from the MLS and believed to be accurate when this report was written but are not guaranteed.
Current information from a knowledgeable REALTOR about local market conditions will enable you to make educated buying and selling decisions.
117 homes sold in Oceanside in October, 12% fewer sales than last month.
OCEANSIDE MARKET REPORT DETAILS
Single Family Homes Sold – 75 (down 22%). 27 Average Days on Market. Average Sales Price was $922,224 (down 3%). The Average Sales Price was 99% of original asking price.
Condos, Townhomes & Duplexes Sold – 42 (up by 5). 11 Average Days on Market. Average Sales Price was $719,633 (up 4%). The Average Sales Price was 101% of original asking price.
Overall sales volume for October declined from September. There were substantially fewer single family detached home sales, but 5 more condo, townhome and duplex sales. The average sales price was lower for single family homes, but higher for condos, townhomes, and duplexes. Sales prices ranged from $316,000 to $2,602,000.
Average time on the market decreased for condos, townhomes and duplexes but was longer for single family homes. Furthermore, a number of buyers made prompt decisions, with 40% of the homes going pending in 7 days or less.
Plenty of home buyers successfully negotiated their purchase prices, however, well over half (65%) paid list price or higher. The median sales price of single family homes was $880,000, about the same as last month. The median price for condos, townhomes and duplexes was $555,000, which was 10% lower than in September.
At the end of October there were 206 Oceanside homes for sale, compared to 190 last month, an improvement by 8%! Home prices range from $295,000 to $5,885,000.
As a result, there is a 1.5 month supply of single family homes (up from 1.2 months last month) and a 1.6 month supply for condos, townhomes and duplexes (down from 1.8 months last month), based on the rate of sales over the last 3 months. The Oceanside market continues to be a very strong seller’s market based on supply and demand.
151 Oceanside homes were listed for sale in October, down from 160 last month. In contrast, the number of Oceanside homes going pending increased modestly from 88 in September to 92 (excluding homes that closed in October).
I’m happy to provide more information about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This information will help you make an informed decision about your home purchase or sale.
Please reach out to me at (760) 840-1360 to discuss your housing needs, lifestyle, budget and questions. Then we can create a strategy to help you buy your new home, and/or sell your current Oceanside home!