What’s the Value of My Oceanside Home?
Oceanside Market Report for November 2022
The Oceanside real estate market continues to shift. 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 when this report was written, but are not guaranteed).
Having current information from a knowledgeable REALTOR about local market conditions benefits you, and will help you make informed decisions when buying or selling Oceanside homes for sale.
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Oceanside California – A Growing and Changing Coastal San Diego Community
In November 2022 there were 110 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, and 92058), 17% fewer sales than in October. Here are the specifics of the housing activity.
Single Family Homes Sold
78 (down 16%); 34 Average Days on Market; Average Sales Price was $896,793 (down 8%); the Average Sales Price was 95% of the original asking price.
Condos, Townhomes & Duplexes Sold
32 (down 18%); 33 Average Days on market; Average Sales Price $566,187 (down 6%); the Average Sales Price was 94% of the original asking price.
Overall sales volume for November declined significantly from October. Sales decreased for single family detached homes, and for sales of condos, townhomes and duplexes. The average sales price was lower for single family homes, as well as for condos, townhomes, and duplexes. Sales prices ranged from $320,000 to $4,900,000.
Average marketing time was longer for single family homes, as well as for condos, townhomes and duplexes. However, some buyers made quick decisions, with 21% of the homes going pending in 1 week or less, slightly less than last month.
While about 3/4 of the buyers negotiated their purchase prices, 27% paid list price or more. The median sales price of single family homes was 12% lower than last month, at $797,500. The median price for condos, townhomes and duplexes was slightly lower by 1% at $528,750.
There were 13 homes with an Active Under Contract status, compared to 17 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 November there were 259 Oceanside homes for sale, 11% fewer than last month (290). Home prices range from $400,000 to $6,495,000.
Thus there is a 1.8 month supply of single family homes (the same as last month) and a 2 month supply for condos, townhomes and duplexes (the same as last month), based on the rate of sales over the last 3 months. The Oceanside market remains a very strong seller’s market based on supply and demand.
118 Oceanside homes were listed for sale in November, 13% fewer than last month, but still about 4 new listings per day. On the other hand, the number of Oceanside homes going pending increased to 91, up from 83 in October (excluding homes that actually closed in November).
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 reach out to me at (760) 840-1360 to discuss your particular housing needs, lifestyle, budget and questions. Then we can develop a plan to help you buy your new home, and/or sell your current Oceanside home!
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READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report for October 2022
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