Here’s the Oceanside Market Report for September 2023 with some changes from last month. And here’s a link to the market report for August as a comparison in case you missed it.
The Oceanside housing market continues to evolve. This market report does not include private sales or manufactured, mobile, or multifamily housing. Data are from the MLS and are believed accurate when this report was written but not guaranteed.
Having current information from a knowledgeable REALTOR about local market conditions will help you make informed buying and selling decisions.
There were 133 homes sold in Oceanside in September, 9% fewer sales than August.
MARKET REPORT DETAILS
Single Family Homes Sold – 96 (down 9%). 19 Average Days on Market. The Average Sales Price was $947,172 (up 5%). Average Sales Price was 101% of the original asking price.
Condos, Townhomes & Duplexes Sold – 37 (down by 4). 15 Average Days on market. The Average Sales Price was $690,538 (down 5%). Average Sales Price was 100% of the original asking price.
Overall sales volume for September declined from August. There were fewer single family detached home sales, as well as fewer condo, townhome and duplex sales. The average sales price was higher for single family homes, but was lower for condos, townhomes, and duplexes. Sales prices ranged from $295,000 to $2,125,000.
Average time on the market was slightly shorter last month for single family homes, as it was for condos, townhomes and duplexes. However, more than a few buyers made prompt decisions. As a result 46% of the homes went pending in 1 week or less, like last month.
WHAT ELSE HAPPENED IN THE OCEANSIDE HOUSING MARKET?
While plenty of buyers negotiated their purchase prices, more than half paid list price or higher (63%). The median sales price of single family homes was about the same as last month, at $882,500. The median price for condos, townhomes and duplexes was 1% higher at $620,000.
At the end of September there were 190 Oceanside homes for sale, versus 152 last month, up 25%! List prices range from $295,000 to $6,300,000.
As a result, there is a 1.2 month supply of single family homes (up from 28 days last month). There is a 1.8 month supply for condos, townhomes and duplexes (up from 1.2 months last month). These numbers are 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 demand.
160 Oceanside homes came on the market in September, up from 149 last month. In contrast, the number of Oceanside homes going pending decreased from 106 in August to 88 (excluding homes that closed in September).
I’m happy to provide information about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This 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 plan to help you buy your new home and/or sell your current Oceanside home.