What’s the Value of My Oceanside Home?
Oceanside Home Sales for August 2024
The Oceanside housing market continues to shift. This market report does not include private sales, mobile, or multifamily housing (information was derived from the MLS and is believed accurate when this report was written but not guaranteed).
Having up-to-date information about local market conditions from a knowledgeable REALTOR can help you make educated buying and selling decisions about Oceanside homes for sale.
READ MORE:
Oceanside California – A Growing and Changing Coastal San Diego Community
There were 161 homes sold in Oceanside’s 4 zip codes (92054, 92056, 92057, and 92058), 4 more sales than in July. Here are the details:
Single Family Homes Sold
113 (down 10%); 22 Average Days on Market; Average Sales Price was $1,017,273 (up 3%); the Average Sales Price was 99% of the original asking price.
Condos, Townhomes & Duplexes Sold
48 (up 55%); 23 Average Days on market; Average Sales Price was $793,167 (up 4%); the Average Sales Price was 99% of the original asking price.
Overall sales volume for August increased slightly from July. There were fewer single family detached home sales, but substantially more condos, townhomes and duplexes were sold. The average sales price was slightly higher for single family homes, as it also was for condos, townhomes, and duplexes. Sales prices ranged from $350,000 to $6,000,000.
The average time on the market was down slightly for single family homes as last month at 22 days, and was also slightly shorter for condos, townhomes and duplexes at 23 days. 39% of the homes went pending in 7 days or less, slightly less than in July.
Half the buyers were able to negotiate their purchase prices, and 50% paid list price or more. The median sales price of single family homes was 1% less than last month, at $910,000. On the other hand, the median price for condos, townhomes and duplexes was 1% higher, at $675,000.
There were 16 homes with an Active Under Contract status, the same as last month. These homes are considered to be active and are included in the following statistics, but some may not permit more showings or take back-up offers.
At the end of August there were 314 Oceanside homes for sale, compared to 306 last month, some good news for buyers. Home prices range from $338,000 to $4,750,000.
As a result, there is a 1.8 month supply of single family homes (up from 1.7 months last month) and a 2.8 month supply for condos, townhomes and duplexes (down from 3.1 months last month). This is based on the rate of sales over the last 3 months. The Oceanside market remain a strong seller’s market based on the supply and demand, especially for single family homes.
178 Oceanside homes were listed for sale in August, down from 201 last month. The number of Oceanside homes going pending decreased from July (120) to 102 (excluding the homes that closed in August).
I’m happy to provide more information about the Oceanside real estate market for specific zip codes, neighborhoods, or price ranges. This will help you make an educated decision about your home purchase or sale. Please reach out to me directly or via text at (760) 840-1360 to discuss your personal housing needs, lifestyle, budget and questions. Then we can develop a strategy to help you buy your new home, and/or sell your current Oceanside home.
SEARCH FOR OCEANSIDE HOMES FOR SALE
READ MORE:
What’s My Oceanside Home Worth? Oceanside Market Report for July 2024
Comments(5)