What’s the Value of My Oceanside Home?
Oceanside Real Estate Market Report for June 2022
The Oceanside real estate market continues to evolve. 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 when this report was written, but are not guaranteed.
Having current information from a knowledgeable REALTOR about local market conditions benefits you as a buyer or seller, and will help you make educated decisions about buying or selling Oceanside homes for sale.
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Oceanside California – A Growing and Changing Coastal San Diego Community
In June 2022 there were 171 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, and 92058), 14% fewer sales than in May. Here’s the breakdown of overall activity.
Single Family Homes Sold
110 (down by 21%); 12 Average Days on Market; Average Sales Price $939,717 (down 5%); the Average Sales Price was 103% of the original asking price
Condos, Townhomes & Duplexes Sold
61 (up by 1); 11 Average Days on market; Average Sales Price $678,598 (up 1%); the Average Sales Price was 101% of the original asking price
Overall sales volume for June dropped from May. Sales declined for single family detached homes, but remained about the same for sales of condos, townhomes and duplexes. The average sales price was modestly lower for single family homes, but rose slightly for condos, townhomes, and duplexes. Sales prices ranged from $350,000 to $2,500,000.
Average marketing time was modestly longer for single family homes, but did not shift for condos, townhomes and duplexes. A number of buyers made quick decisions, as 51% of the homes went pending in 1 week or less.
While plenty of buyers negotiated their purchase prices, 3 out of 5 (60%) ending up paying over list price for their homes, a result of multiple offers. The median sales price of single family homes was 1% lower than in May at $885,000; similarly, the median price for condos, townhomes and duplexes, was lower at $582,500, down 2%.
There were 18 homes with an Active Under Contract status, the same as 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 June there were 268 Oceanside homes for sale, ranging in price from $419,000 to $6,400,000. This is another significant increase in inventory, by 28%, from last month, and some good news for buyers!
This translates to a 1.5 month supply of single family homes (compared to 1 month last month) and 1.1 month for condos, townhomes and duplexes (versus 1 month 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 supply and demand.
221 Oceanside homes were listed for sale in June, 12% fewer than last month, but still an average of 7+ new listings each day. The number of Oceanside homes going pending remained about same at 142 (excluding homes that actually closed in June). It was another active month in Oceanside for buying and selling.
I’m happy to share more details about the Oceanside real estate market, and within specific zip codes, neighborhoods, or price ranges, to help you make an educated decision about your home purchase or sale. Please reach out to me 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!
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READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report for May 2022
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