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Oceanside Real Estate Market Report for December 2020
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 benefits you as a buyer or seller and will help you make informed decisions about buying or selling Oceanside homes for sale.
In December 2020 there were 197 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 7% fewer sales than in November, a trend seen in other communities. Here’s the breakdown of overall activity.
Single Family Homes Sold
141 (no change); Average Sales Price $693,869 (up 4%); Average sales price was 101% of original asking price
Condos, Townhomes & Duplexes Sold
56 (down 20%); 35 Average Days on market; Average Sales Price $502,406 (up 3%); Average sales price was 97% of original asking price
Overall sales volume dropped for December, with fewer condo, townhome and duplex sales than last month while the number of single family home sales did not shift. The average sales price was modestly higher for single family homes, and for condos, townhomes, and duplexes. Sales prices ranged from $255,500 to $2,597,500.
Buyers, on average, negotiated 3% off the original asking price, however, well over half of the home buyers (69%) paid full price or more for their homes, a reflection of the continued competition. The MEDIAN sales price of detached homes was 2% higher than last month at $669,820; in contrast the median for attached homes was 1% lower than last month at $422,500.
There were 11 homes with an Active Under Contract status, compared to 16 last month. These homes are considered active and are included in the statistics below.
At the end of December there were 113 Oceanside homes for sale, ranging in price from $289,750 to $7,000,000, a substantial 18% decrease in available inventory from last month, and the 8th consecutive decline!
This represents a supply of only 13 days for single family homes (down from 15 days last month) and 20 days for condos, townhomes and duplexes (down from 23 days 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, and became even more competitive in December with the decline in inventory.
In December 136 Oceanside homes were listed, 12% fewer than last month but still some good news for buyers with 4 or 5 new listings added daily on average. The number of Oceanside homes going pending also decreased, from 172 to 113 (excluding homes that actually closed in December), but it was still a relatively active month for 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 n 2021, and/or sell your current Oceanside home!