What's the Value of My Oceanside Home?
Oceanside Real Estate Market Report for March 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 March 2021 there were 239 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), a significant jump in sales by 49% from February. Here’s the breakdown of overall activity.
Single Family Homes Sold
152 (up by 54%); 12 Average Days on Market; Average Sales Price $771,090 (up 15%); the Average Sales Price was 105% of the original asking price
Condos, Townhomes & Duplexes Sold
87 (up by 43%); 17 Average Days on market; Average Sales Price $569,436 (up by 3%); the Average Sales Price was 100% of the original asking price
Overall sales volume for March rose substantially, and in particular for single family home sales. The average sales price was higher for single family homes, and also shifted slightly upwards for condos, townhomes, and duplexes. Sales prices ranged from $310,000 to $5,425,000.
Marketing time was shorter for single family homes, as well as for condos, townhomes and duplexes. Buyers made quick decisions in many cases – 56% of the homes went pending within 1 week.
Buyers, on average, were able to negotiate some money off the original list price, however, again the majority of the home buyers (80%) paid the full price or more for their new homes, a reflection of continued competition. The MEDIAN sales price of single family homes was 4% higher than last month at $700,000; similarly the median for condos, townhomes and duplexes was 11% higher than last month at $500,000.
There were 16 homes with an Active Under Contract status, compared to 12 last month. These homes are considered active and are included in the statistics below but some may not allow more showings or back-up offers.
At the end of March there were 82 Oceanside homes for sale, ranging in price from $285,000 to $7,500,000, a 25% decrease in inventory from last month, and another decline!
This represents a supply of 14 days for single family homes (down from 16 days last month) and 14 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.
In March 206 Oceanside homes were listed for sale, 14% more than last month and more good news for buyers – that's 6 or 7 new listings added each day on average. The number of Oceanside homes going pending also increased, from 170 to 189, up 11% (excluding homes that actually closed in March). It was another busy 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!