What is My Oceanside Home Worth? Oceanside Home Sales in December 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 December 2020

 

The Oceanside real estate market has continued to shift 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 benefits you as a buyer or seller and will help you make informed decisions about buying or selling Oceanside homes for sale.

 

READ MORE:

 Oceanside California – A Growing and Changing Coastal San Diego Community

 

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.

Oceanside condos

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!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

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

Comments (5)

Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Hi Jeff Dowler, CRS 

Things looking good in Oceanside.

Have a Great 2021

Happy Selling!

Jan 14, 2021 06:08 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff Dowler, CRS having lived on Via Esmarca for 5 years, I love Oceanside and the values look great!

Jan 15, 2021 06:36 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Great thorough market report for Oceanside and sellers will like reading that the market is in their favor!

Jan 15, 2021 11:53 AM
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.

Jan 15, 2021 01:58 PM
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

Feb 01, 2021 11:27 PM

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