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What is my Oceanside Home Worth? Oceanside Market Report for May 2016

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

What's the Value of my Oceanside Home?

 

Oceanside beachThe Oceanside real estate market has undergone many shifts and continues to evolve. This market report does not include private sales nor manufactured, mobile or multifamily housing; the numbers are derived from the MLS and are believed to be accurate at the time this report was written, but are not guaranteed.

 

Media reports speak in general terms, so information does not represent the reality of the local Oceanside housing market. Having data from a knowledgeable REALTOR about local market conditions benefits you as a buyer or seller for making informed decisions about Oceanside homes for sale.

 

READ MORE: 

 Oceanside California – A Growing and Changing Coastal San Diego Community

 

In May 2016 there were 227 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), down 10% from April. Here’s the breakdown of overall activity.

 

TOTAL HOMES SOLD

227 (down 10%), 28 Days on Market, Ave. Sales Price $459,272 (down 3%), Ave. sale 97% of asking price

Detached Homes Sold
145 (down 3%), 26 Days on Market, Ave. Sales Price $517,203 (down 7%), Ave. sale 98% of asking price

Attached Homes Sold,
82 (down 23%), 33 Days on Market, Ave. Sales Price $356,834 (up 5%), Ave. sale 97% of asking price

 

Oceanside home for sale

 

Sales volume decreased modestly in May overall, but in particular for attached home sales. 21% of the May home sales were cash transactions, compared to 26% last month. Average sale prices shifted up as well for attached homes but dropped for detached properties. Average time on market declined slightly for both detached and attached homes.

 

Buyers, on average, negotiated 2 - 3% off asking price but 41% of the homes sold for list price or better. The MEDIAN sales price of detached homes was $515,000 (no change), and $300,000 (no change) for attached/condos.

 

At the end of May 2016 there were 291 Oceanside homes for sale, a 2% decrease from April, the second but modest decline. This represents an inventory of only 1.4 months for detached homes (down from 1.5 last month) and 1.5 months for attached homes (down from 1.6 months last month) based on the current rate of sales over the last 6 months – the Oceanside market remains very competitive and is a strong seller’s market.

 

READ MORE:    

How Important is Inventory when Buying or Selling? Very!!

 

In May 283 Oceanside homes came on the market, an increase of 12% from last month. The number of Oceanside homes going pending also increased, by 2%, from last month, with 229 pendings (excluding homes that actually sold in May).

 

I’m happy to provide more details about the Oceanside real estate market and within specific zip codes, areas or price ranges to help you make an informed decision about your home purchase or sale.

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

What’s My Oceanside Home Worth? Oceanside Market Report April 2016

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (6)

Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Sounds like the Oceanside real estate market is HOT HOT HOT.  Nice peek into your market.

Jun 13, 2016 02:44 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Jeff, you have given us a great report on Oceanside. I see great values in this community and your clients will too.

Jun 13, 2016 02:51 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks Belinda Spillman  - it has definitely been a competitive market. My isting just sold over asking with multiple offers in just a few days

Noah Seidenberg - it appeals to many because you still get the coastal lifestyle but it's quite a bit more affordable than Carlsbad just to the south

Jeff

Jun 14, 2016 12:46 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Jeff, Very well written and  comprehensive market report for Oceanside. Available inventory is low with only 1.4 and 1.5 months in attached and detached categories. I would guess there is stiff buyer competition for these homes. 

Jun 14, 2016 06:02 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff is Oceanside still heavy on military owners? or have they been priced out of the market? Endre

Jun 14, 2016 04:00 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Bob - competition is very stiff, and homes that are priced well move very quickly.

Endre Barath, Jr.  - no still a good market for some military buyers. My last listing at $440K was a VA buyer

Jeff

Jun 15, 2016 02:52 PM