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Oceanside Real Estate Market Report for February 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.
In February 2021 there were 160 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 27% more sales than in January. Here’s the breakdown of overall activity.
Single Family Homes Sold
99 (up by 36%); 15 Average Days on Market; Average Sales Price $671,250 (down 7%); the Average Sales Price was 103% of the original asking price
Condos, Townhomes & Duplexes Sold
61 (up by 15%); 24 Average Days on market; Average Sales Price $550,463 (up by 11%); the Average Sales Price was 101% of the original asking price
Overall sales volume for February rose substantially, and in particular for single family home sales. The average sales price was modestly lower for single family homes, but shifted slightly upwards for condos, townhomes, and duplexes. Sales prices ranged from $245,000 to $2,380,000.
Buyers, on average, were able to negotiate some money off the original asking price, however, the majority of the home buyers (79%) paid full price or more for their homes, a reflection of continued competition. The MEDIAN sales price of single family homes was 2% higher than last month at $670,000; similarly the median for condos, townhomes and duplexes was 8% higher than last month at $450,000.
There were 12 homes with an Active Under Contract status, compared to 14 last month. These homes are considered active and are included in the statistics below.
At the end of February there were 101 Oceanside homes for sale, ranging in price from $299,000 to $7,500,000, a 7% decrease in inventory from last month, and another consecutive decline!
This represents a supply of 16 days for single family homes (the same as last month) and 23 days for condos, townhomes and duplexes (up from 22 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.
In February 181 Oceanside homes were listed for sale, 9% more than last month and more good news for buyers - 6 new listings added daily on average. The number of Oceanside homes going pending also increased, from 160 to 170, up 6% (excluding homes that actually closed in February), thus it was another 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!