What is My Oceanside Home Worth? Oceanside Home Sales September 2020

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

What's the Value of My Oceanside Home?

Oceanside Real Estate Market Report for September 2020

 

Oceanside beaches and home search linkThe Oceanside real estate market continues to evolve during the pandemic. This market report does not include private sales or manufactured, mobile, or multifamily housing; the numbers are taken from the MLS and are believed to be accurate at the time this report was written, but are not guaranteed.

 

Having data from a knowledgeable REALTOR about local market conditions will benefit you as a buyer or seller and help you make informed buying or selling decisions about Oceanside homes for sale.

 

READ MORE:

 Oceanside California – A Growing and Changing Coastal San Diego Community

 

In September 2020 there were 237 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), a 6% decrease in sales from August. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
165 (up 13%); Average Sales Price $671,242 (down by 7%); Average sales price was 100% of original asking price

Condos, Townhomes & Duplexes Sold

72 (down 31%); Average Sales Price $614,355 (up by 7%); Average sales price was 96% of original asking price

 

Overall sales volume dropped for September overall, but with more single family home sales but significantly fewer condo, townhome and duplex sales. The average sales price declined modestly for single family homes but rose for condos, townhomes, and duplexes. Sales prices ranged from $219,000 to $3,865,000.

 

Buyers, on average, negotiated 4% off the original asking price, however, over half of the home buyers (62%) paid full price or more for their homes, a reflection of the continuing competition. The MEDIAN sales price of single family homes was 3% lower than last month at $635,000; in contrast the median for condos, townhomes and duplexes was 13% higher than last month at $462,950.

 

Oceanside condos

 

There were 27 homes with a CONTINGENT status (now referred to as “Active Under Contract” in our MLS), compared to 20 last month. 5 were short sales and the rest appeared to be first right of refusals. These homes are considered active and are included in the statistics below.

 

At the end of September there were 183 Oceanside homes for sale (ranging in price from $225,000 to $3,695,000), an 8% decrease in inventory from last month, and the 5th consecutive decline!

 

This represents a supply of less than 1 month for single family homes (the same as the last 2 months) and 1.2 months for condos, townhomes and duplexes (like last month) based on the current rate of sales over the last 3 months. The Oceanside market remains a very strong seller’s market overall given buyer demand and supply, in particular for single family homes.

 

In September 241 Oceanside homes were listed, up 2% from last month and some good news for buyers. The number of Oceanside homes going pending decreased, from 226 to 221 (excluding homes that actually closed in September), down by 2%; it was a busy month for both buyers and sellers.

 

I’m happy to provide more details 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.

 

I invite you to give me a call at (760) 840-1360 to discuss your personal housing needs and budget, so we can develop a strategy to get you into a new Oceanside home, and/or help you sell your current Oceanside home!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

What’s My Oceanside Home Worth? Oceanside Market Report for August 2020

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. California continues to amaze me. People are leaving in droves, just like Illinois and New York. The city of Chicago and New York city are experiencing huge dowturns in demand, yet California markets march on. Enjoy your day!

Oct 21, 2020 05:09 AM #1
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Wayne Martin 

There are plenty of changes here, particularly in the Bay area.

Jeff

Oct 21, 2020 07:56 AM #2
Rainmaker
3,566,514
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff and always count on you to know what is going on in your area and willing to help sellers out with their prices.

 

Oct 21, 2020 08:35 AM #3
Rainmaker
6,027,613
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will be in very good hands when they seek your professional real estate advice and assistance.

Oct 21, 2020 08:59 AM #4
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Will Hamm 

Thanks for stopping by and for the kind words. It's a pretty strong market for sellers and more inventory is needed. Great time for many to sell!

Jeff

Oct 21, 2020 03:24 PM #5
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Roy Kelley 

Thank you kindly! It's a market I know pretty well, right next door to Carlsbad!

Hope the rest of your week is terrific!

Jeff

Oct 21, 2020 03:47 PM #6
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Oceanside home buyers and sellers are sure to value your real estate market report, Jeff.

Oct 23, 2020 06:26 AM #7
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Myrl Jeffcoat 

Thank you for the kind words. It's certainly been an active market there and rather competitive, and for some time.

Have a nice weekend!

Jeff

Oct 23, 2020 05:35 PM #8
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Jeff Dowler, CRS

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