What's the Value of My Oceanside Home?
Oceanside Real Estate Market Report for April 2021
The Oceanside real estate market has continued to shift. 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 April 2021 there were 223 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 7% fewer sales than in March. Here’s the breakdown of overall activity.
Single Family Homes Sold
146 (down by 4%); 15 Average Days on Market; Average Sales Price $787,333 (up 2%); the Average Sales Price was 105% of the original asking price
Condos, Townhomes & Duplexes Sold
77 (down by 11%); 21 Average Days on market; Average Sales Price $589,162 (up by 3%); the Average Sales Price was 103% of the original asking price
Overall sales volume for April declined modestly, and in particular for condos, townhomes and duplexes. The average sales price was slightly lower for single family homes, and shifted slightly upwards for condos, townhomes, and duplexes. Sales prices ranged from $260,000 to $6,400,000.
Marketing time was modestly longer for single family homes, as well as for condos, townhomes and duplexes. However, buyers made quick decisions in many cases – 61% of the homes went pending within 1 week or less.
Some buyers were able to negotiate money off the original list price, however, the majority of the home buyers (86%) paid the full price or more for their new homes, a reflection of continued competition and multiple offers.
The MEDIAN sales price of single family homes was 2% higher than last month at $712,500; in contrast, the median for condos, townhomes and duplexes was 6% lower than last month at $470,000.
There were 21 homes with an Active Under Contract status, compared to 16 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 April there were 118 Oceanside homes for sale (ranging in price from $285,000 to $7,500,000), a substantial increase of 44% in inventory from last month, and very good news for buyers!
This represents a supply of 18 days for single family homes (up from 14 days last month) and 15 days for condos, townhomes and duplexes (up from 14 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 April 216 Oceanside homes were newly listed for sale, 4% more than last month and more good news for buyers – that’s 7 new listings added each day on average. On the other hand the number of Oceanside homes going pending decreased, from 189 to 157 (excluding homes that actually closed in April). It was another very 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!