What’s the Value of My Oceanside Home?
Oceanside Home Sales for December 2022
The Oceanside real estate market continues 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 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.
READ MORE:
Oceanside California – A Growing and Changing Coastal San Diego Community
In December 2022 there were 118 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, and 92058), 8 more sales than in November. Here are the specifics of the housing activity.
Single Family Homes Sold
87 (up 12%); 27 Average Days on Market; Average Sales Price was $874,817 (down 2%); the Average Sales Price was 96% of the original asking price.
Condos, Townhomes & Duplexes Sold
31 (down by 1); 36 Average Days on market; Average Sales Price was $695,106 (up 23%); the Average Sales Price was 97% of the original asking price.
Overall sales volume for December rose modestly from November. Sales increased for single family detached homes, but condo, townhome and duplex sales dropped by 1. The average sales price was slightly lower for single family homes, but jumped up for condos, townhomes, and duplexes. Sales prices ranged from $315,000 to $2,749,000.
Average marketing time was several days shorter for single family homes, but a few days longer for condos, townhomes and duplexes. At the same time, however, some buyers made quick decisions, with 23% of the homes going pending in 1 week or less, a little more than last month.
While about 2/3 of the buyers were able to negotiate their purchase prices, 35% paid list price or more, more than in November. The median sales price of single family homes was 2% higher than last month, at $814,000. Similarly the median price for condos, townhomes and duplexes was higher by 7% at $565,000.
There were 12 homes with an Active Under Contract status, compared to 13 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 December there were 190 Oceanside homes for sale, 27% fewer than last month (259), another decline. Home prices range from $315,000 to $6,495,000.
Thus there is a 1.6 month supply of single family homes (down from 1.8 months last month) and a 1.6 month supply for condos, townhomes and duplexes (down from 2 months 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.
67 Oceanside homes were listed for sale in December, 43% fewer than last month (118). In similar fashion the number of Oceanside homes going pending decreased to 67, down from 91 in November (excluding homes that actually closed in December).
I’m happy to provide more information about the Oceanside real estate market, and in 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 personal housing needs, lifestyle, budget and questions. Then we’ll 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 November 2022
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