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

 

Oceanside beachesThe Oceanside real estate market has continued to change. This market report does not include private sales or manufactured, mobile, or multifamily housing; the data are taken from the MLS and are believed to be accurate at the time this report was written, but are not guaranteed.

 

Having information 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 October 2021 there were 219 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 6% fewer sales than in September. Here’s the breakdown of overall activity.

 

Single Family Homes Sold
157 (down 4%); 17 Average Days on Market; Average Sales Price $833,724 (down 2%); the Average Sales Price was 102% of the original asking price

Condos, Townhomes & Duplexes Sold

62 (down 11%); 15 Average Days on market; Average Sales Price $643,330 (up 12%); the Average Sales Price was 102% of the original asking price

 

Overall sales volume for October declined, as it did for single family detached homes, and even more so for condos, townhomes and duplexes. The average sales price was slightly lower for single family homes, but increased for condos, townhomes, and duplexes. Sales prices ranged from $307,000 to $6,590,000.

 

The average marketing time was several days longer for single family homes, and 10 days longer for condos, townhomes and duplexes. It’s clear that many buyers made quicker decisions – 47% of the homes went pending in 1 week or less, about the same as last month so you can't dawdle in your decision making.

 

While some buyers were able to negotiate money off the original list price, the majority of the home buyers (73%) paid the full price or more for their new homes, no doubt the result of competition and multiple offers. The median sales price of single family homes was slightly less than last month at $775,000 (down 3%); however, the median for condos, townhomes and duplexes was higher at $530,500 (up 9%).

 

Oceanside townhomes

 

There were 23 homes with an Active Under Contract status, compared to 26 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 October there were 148 Oceanside homes for sale (ranging in price from $263,000 to $7,499,000), a modest drop in inventory, by 4% (6), from last month, but another decline!

 

This represents a supply of only 19 days for single family homes (down from 21 days last month) and 20 days for condos, townhomes and duplexes (compared to 15 days as last month) based on the rate of sales over the last 3 months. The Oceanside market is still a very strong seller’s market with continued buyer demand and limited supply.

 

201 Oceanside homes were listed for sale in October, about the same as last month (202), and an average of around 6 new listings daily. The number of Oceanside homes going pending decreased modestly by 6, at 180 (excluding homes that actually closed in October). It was a busy month for buying and selling.

 

I’m happy to provide more information 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. Please give me a call at (760) 840-1360 so we can discuss your personal housing needs and budget, then develop a strategy that will get you into a new Oceanside home, and/or help sell your current Oceanside home!

 

SEARCH FOR OCEANSIDE HOMES FOR SALE

 

READ MORE:

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

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (9)

Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Great information here, Jeff. I tell the same thing to buyers in my market. If you see something you like, you cannot sleep on it or wait until the weekend to schedule an appointment. The house (or condo) will be sold by then.

Nov 16, 2021 06:34 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's true Pat Starnes-Front Gate Realty  In this market you HAVE to be prepared to move forward quickly.

Jeff

Nov 16, 2021 08:07 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

In less than a month I will be walking on that pier again and having lunch with the best agent in Oceanside!

Nov 17, 2021 03:43 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good mornign Jeff. Your reports always get my attention. The pricing has me humming the tune "California Dreamin"! Enjoy your day.

Nov 17, 2021 04:49 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Southern California is lucky to have you as an ethical real estate professional. Thank you for sharing your Oceanside market report Jeff...

Nov 17, 2021 03:48 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Brian England 

Hard to believe it's just around the corner. Looking forward to it.

Jeff

Nov 17, 2021 04:42 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Great song Wayne Martin . I suppose for many it is a dream, and for other, not so much!

Jeff

Nov 17, 2021 04:43 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you for the kind words Paul S. Henderson, REALTOR®, CRS  Hope all is well with you!

Jeff

Nov 17, 2021 04:44 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Oceanside home buyers and sellers are sure to value your real estate market report, Jeff.

Nov 19, 2021 05:50 AM