What's My Oceanside Home Worth? Oceanside Market Report - January 2022

What's the Value of My Oceanside Home?

Oceanside Real Estate Market Report for January 2022

The Oceanside real estate market has continued to evolve. 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 current information from a knowledgeable REALTOR about local market conditions benefits you as a buyer or seller and will help you make educated decisions about buying or selling Oceanside homes for sale.

READ MORE:

 Oceanside California – A Growing and Changing Coastal San Diego Community

In January 2022 there were 129 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, 92058), 39% fewer sales than in December. Here’s the breakdown of overall activity:

Single Family Homes Sold
93 (down 34%); 13 Average Days on Market; Average Sales Price $825,006 (down 1%); the Average Sales Price was 103% of the original asking price

Condos, Townhomes & Duplexes Sold

36 (down 50%); 15 Average Days on market; Average Sales Price $582,758 (down 3%); the Average Sales Price was 102% of the original asking price

Overall sales volume for January decreased, as it did for single family detached homes, and especially for sales of condos, townhomes and duplexes. The average sales price was slightly lower for single family homes, and also for condos, townhomes, and duplexes. Sales prices ranged from $200,000 to $1,550,000.

Average marketing time remained at 13 days for single family homes, but was a couple of days longer for condos, townhomes and duplexes. The data show that plenty of buyers made quick decisions – 53% of the homes went pending in 1 week or less, about the same as last month.

Some buyers negotiated money off the original list price. However, the majority (78%) paid the full price or more for their new homes, due to competition and multiple offers. The median sales price of single family homes was slightly lower than last month at $808,000 (versus $820,000); the median price for condos, townhomes and duplexes was modestly lower at $500,000 (down 5% from 527,000).

There were 18 homes with an Active Under Contract status, compared to 10 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 January there were 93 Oceanside homes for sale, ranging in price from $263,000 [a fractional ownership] to $6,500,000. This is a substantial increase in inventory, by 35%, from last month, and good news!

This represents a supply of 15 days for single family homes (compared to 10 days last month) and 15 days for condos, townhomes and duplexes (versus 10 days as last month) based on the rate of sales over the last 3 months. The Oceanside market continues to be a very strong seller’s market due to buyer demand and limited supply.

167 Oceanside homes were listed for sale in January, 64% more than last month (102), and an average of 5+ new listings every day. The number of Oceanside homes going pending also increased, from 98 last month to 135 (excluding homes that actually closed in January). It was a fairly active month for buying and selling.

I’m pleased to share 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 reach out to me at (760) 840-1360 so we can discuss your personal housing needs, lifestyle and budget. We can then create a strategy to help you buy a new Oceanside home, and/or help sell your current home!

SEARCH FOR OCEANSIDE HOMES FOR SALE

READ MORE:

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