What is My Oceanside Home Worth? Oceanside Home Sales for March 2021

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 March 2021

 

Oceanside beachesThe 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 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!

 

New condos and townhomes in Oceanside CA

 

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!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

What’s My Oceanside Home Worth? Oceanside Market Report for February 2021

Comments (8)

Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

With a 49% jump in sales over a month period and most homes going under contract within a week of listing that market is sizzling.

Nice photo of a golf hole as well.

Apr 11, 2021 07:09 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

So true, Ed. That's a busy market for sure.

The photo is from a 55+ golf community!

Jeff

Apr 11, 2021 10:27 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff - they key to staying up to date on the changing Oceanside market is having a knowledgeable Realtor like you.

Apr 12, 2021 04:12 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Sales price to list price at 100% or more. Days on market down. I am just guessing here but demand is soaring. The guy from the midwest is still trying to figure out where the press is saying you have a crisis. The only one i see is lack of inventory. Not a bad thing. Enjoy your day. 

Apr 12, 2021 05:32 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff! Looks like you are keeping the Oceanside market on the hot side!

Apr 12, 2021 07:57 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, what a gorgeous photo, and will be excited to see green grass again.   It is starting, just not quite there yet.

Apr 12, 2021 08:43 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Grant - the Oceanside market has been fairly busy but has really ramped up in recent months.

Wayne - well, you know the media. Certainly the tight inventory is an issue...but that's true in most markets.

Jeff

Apr 12, 2021 01:21 PM
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.

Apr 12, 2021 05:05 PM