What's the Value of My Oceanside Home?
Oceanside Real Estate Market Report for January 2021
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 January 2021 there were 126 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 36% fewer sales than in December, a trend seen in other communities. Here’s the breakdown of overall activity.
Single Family Homes Sold
73 (down by 48%); 14 Average Days on Market; Average Sales Price $722,580 (up 4%); Average sales price was 102% of original asking price
Condos, Townhomes & Duplexes Sold
53 (down 5%); 25 Average Days on market; Average Sales Price $498,108 (down 1%); Average sales price was 100% of original asking price
Overall sales volume for January dropped substantially, and in particular for single family home sales. The average sales price was modestly higher for single family homes, but shifted down slightly for condos, townhomes, and duplexes. Sales prices ranged from $237,000 to $2,565,015.
Buyers, on average, were able to negotiate some money off the original asking price, however, the majority of the home buyers (84%) paid full price or more for their homes, a reflection of the continued competition. The median sales price of single family homes was 1% lower than last month at $660,000; similarly the median for condos, townhomes and duplexes was 2% lower than last month at $415,000.
There were 14 homes with an Active Under Contract status, compared to 11 last month. These homes are considered active and are included in the statistics below.
At the end of January there were 109 Oceanside homes for sale (ranging in price from $299,000 to $7,000,000), a 4% decrease in inventory from last month, and the 9th consecutive decline, although modest!
This represents a supply of 16 days for single family homes (up from 13 days last month) and 22 days for condos, townhomes and duplexes (up from 20 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 January with the decline in inventory and continued buyer demand.
In January 166 Oceanside homes were listed for sale, 22% more than last month and good news for buyers - 5+ new listings added daily on average. The number of Oceanside homes going pending also increased, from 113 to 160, up 42% (excluding homes that actually closed in January), an 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, and/or sell your current Oceanside home in 2021!
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READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report for December 2020
