What's the Value of My Oceanside Home?
Oceanside Real Estate Market Report December 2021
The Oceanside real estate market has continued to change. This market report does not include private sales or manufactured, mobile, or multifamily housing; the data are taken from the MLS and are believed to be accurate at the time this report was written, but are not guaranteed.
Having information from a knowledgeable REALTOR about the local market conditions benefits you as a buyer or seller, and will help you make informed decisions about buying or selling Oceanside homes for sale.
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Oceanside California – A Growing and Changing Coastal San Diego Community
In December 2021 there were 212 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 5% more sales than in November. Here’s the breakdown of overall activity.
Single Family Homes Sold
140 (up 6%); 13 Average Days on Market; Average Sales Price $830,938 (down 9%); the Average Sales Price was 103% of the original asking price
Condos, Townhomes & Duplexes Sold
72 (up by 3); 12 Average Days on market; Average Sales Price $602,879 (up 1%); the Average Sales Price was 102% of the original asking price
Overall sales volume for December rose, as it did for single family detached homes, and sales of condos, townhomes and duplexes. The average sales price was lower for single family homes, but rose slightly for condos, townhomes, and duplexes. Sales prices ranged from $305,000 to $1,800,000.
Average marketing time was slightly shorter for single family homes, and for condos, townhomes and duplexes. However, the data indicate that plenty of buyers made quicker decisions – 55% of the homes went pending in 1 week or less, more than last month.
While some buyers were able to negotiate money off the original list price, the majority (73%) paid the full price or more for their new homes, a reflection of the competition and multiple offers. The median sales price of single family homes was slightly higher than last month at $820,000 (versus $816,000); the median price for condos, townhomes and duplexes was modestly lower at $527,000 (down by 5%).
There were 10 homes with an Active Under Contract status, compared to 21 last month. These homes are considered active and are included in the statistics below but some may not allow more showings or back-up offers.
At the end of December there were 69 Oceanside homes for sale (ranging in price from $263,000 to $6,500,000), a substantial drop in inventory, by 42%, from last month, perhaps not a surprise due to the holidays!
This represents a supply of only 10 days for single family homes (down from 15 days last month) and only 10 days for condos, townhomes and duplexes (compared to 19 days as 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 due to buyer demand and limited supply.
102 Oceanside homes were listed for sale in December, which is 37% fewer than last month (161), but an average of 3+ new listings daily. The number of Oceanside homes going pending also decreased, from 151 last month to 98 (excluding homes that actually closed in December). It was still a fairly busy month for buying and selling despite the holidays.
I’m pleased to share more information about the Oceanside real estate market, and within specific zip codes, neighborhoods, or price ranges to help you make an informed decision about your home purchase or sale. Please reach out to me at (760) 840-1360 so we can discuss your personal housing needs, lifestyle and budget. We can then create a strategy to help you buy a new Oceanside home, and/or help sell your current home!
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READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report for November 2021
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