What’s the Value of My Oceanside Home?
Oceanside Home Sales for August 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 up-to-date information from a knowledgeable REALTOR about local market conditions benefits you, 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 August 2022 there were 170 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, and 92058), 7 more sales than in July (up 4%). Here’s the breakdown of overall activity.
Single Family Homes Sold
123 (up 27%); 22 Average Days on Market; Average Sales Price was $892,330 (down 7%); the Average Sales Price was 97% of the original asking price
Condos, Townhomes & Duplexes Sold
47 (down 29%); 17 Average Days on market; Average Sales Price $720,347 (up by 11%); the Average Sales Price was 100% of the original asking price
Overall sales volume for August rose from July. Sales increased substantially for single family detached homes, but there were significantly fewer sales of condos, townhomes and duplexes. The average sales price was lower for single family homes, but increased for condos, townhomes, and duplexes. Sales prices ranged from $336,500 to $3,625,000.
Average marketing time was longer for single family homes, but about the same for condos, townhomes and duplexes. However, some buyers made quick decisions, as 32% of the homes were pending in 1 week or less, about the same as last month.
While plenty of buyers negotiated their purchase prices, 48% ended up paying list price or more for their homes. The median sales price of single family homes was 9% lower than in July at $830,000. On the other hand the median price for condos, townhomes and duplexes was higher at $585,000, up 6%.
There were 29 homes with an Active Under Contract status, compared to 17 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 August there were 284 Oceanside homes for sale, ranging in price from $334,999 to $6,400,000. This is a decline in inventory, by 7%, from last month.
Thus there is a 1.7 month supply of single family homes (compared to 1.9 months last month) and a 1.6 month supply for condos, townhomes and duplexes (versus 1.4 months last month), based on the rate of sales over the last 3 months. The Oceanside market remains a very strong seller’s market based on supply and demand.
198 Oceanside homes were listed for sale in August, 8 fewer than last month, but still 6+ new listings per day. In contrast the number of Oceanside homes going pending increased to 138, up from 126 in July (excluding homes that actually closed in August). It was an 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!
SEARCH FOR OCEANSIDE HOMES FOR SALE
READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report for July 2022
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