Is Oceanside-Escondido, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oceanside-Escondido has remained a Seller's Market.
Key Takeaway
Oceanside-Escondido is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oceanside-Escondido, CA
How much do homes in Oceanside-Escondido, CA cost?
Median Sold Price
$897,022
$534/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oceanside-Escondido have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Oceanside-Escondido was $897,022 in May 2024, up 7.9% from last year, and the median price per square foot was $534.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $420K | $445K | +6.0% |
| 2 Bedrooms | $583.3K | $634K | +8.7% |
| 3 Bedrooms | $801K | $875.3K | +9.3% |
| 4 Bedrooms | $1.0M | $1.1M | +12.9% |
| 5+ Bedrooms | $1.2M | $1.4M | +10.3% |
Summary: Oceanside-Escondido housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Escondido | $715K | $830K | +16.1% |
| Vista | $783K | $860.3K | +9.9% |
| Oceanside-Escondido | $831K | $897K | +7.9% |
| San Marcos | $870K | $925K | +6.3% |
| Valley Center | $876K | $900K | +2.7% |
Housing Supply in Oceanside-Escondido, CA
How many homes are available in Oceanside-Escondido, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,517 | 1,580 | +4.2% |
Summary: The Oceanside-Escondido real estate market had 1,580 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 49 | 59 | +20.4% |
| 2 Bedrooms | 375 | 367 | -2.1% |
| 3 Bedrooms | 540 | 546 | +1.1% |
| 4 Bedrooms | 393 | 429 | +9.2% |
| 5+ Bedrooms | 160 | 179 | +11.9% |
Summary: The Oceanside-Escondido housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 461 | 470 | +2.0% |
Asking Price vs. Sold Price
148 Homes Were Sold
Under Asking
89 Homes Were Sold
At Asking
233 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceanside-Escondido, you could pay more than the asking price. 49.6% of homes here sold above asking price last month.
Summary: A total of 470 homes were sold or pending in Oceanside-Escondido in May 2024, up by 2.0% month-over-month. Of the 470 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Oceanside-Escondido, CA
How long does it take to sell a home in Oceanside-Escondido, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 19 Days | +11.7% |
Summary: Homes in Oceanside-Escondido had an average of 19 days on market in May 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
393 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oceanside-Escondido are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 470 homes were sold in Oceanside-Escondido; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.