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Oceanside Real Estate Market Report for June 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 June 2021 there were 264 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 37% more sales than in May. Here’s the breakdown of overall activity.
Single Family Homes Sold
175 (up 29%); 10 Average Days on Market; Average Sales Price $824,301 (up 10%); the Average Sales Price was 105% of the original asking price
Condos, Townhomes & Duplexes Sold
89 (up 56%); 12 Average Days on market; Average Sales Price $560,115 (down 6%); the Average Sales Price was 104% of the original asking price
Overall sales volume for June increased significantly, and for single family detached homes and for condos, townhomes and duplexes. The average sales price was higher for single family homes, but was modestly lower for condos, townhomes, and duplexes. Sales prices ranged from $295,000 to $3,400,000.
The average marketing time was the same as last month for single family homes at 10 days, and was slightly longer for condos, townhomes and duplexes, but still only 12 days. However, in many cases buyers made quicker decisions – 61% of the homes went pending within 7 days or less.
Some buyers were able to negotiate money off the original list price, however, the majority of the home buyers (87%) paid the full price or more for their new homes, the result of continued competition and multiple offers. The median sales price of single family homes was 7% higher than last month at $778,000; in contrast, the median for condos, townhomes and duplexes was 4% lower than last month at $515,000.
There were 28 homes with an Active Under Contract status, compared to 23 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 June there were 131 Oceanside homes for sale (ranging in price from $285,000 to $7,500,000), another increase in inventory, by 9%, from last month, and more good news for buyers!
This represents a supply of 18 days for single family homes (up from 16 days last month) and 21 days for condos, townhomes and duplexes (the same as 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 strong buyer demand and supply, in particular for single family homes.
269 Oceanside homes were listed for sale in June, 14% more than last month and more good news for buyers – an average of 9 new listings each day. The number of Oceanside homes going pending decreased, from 190 to 186 (excluding homes that actually closed in June). It was a busy month for sellers and buyers.
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 one!