$10,000 Closing Credit*
$899,000
1,118 SqFt
2 Beds
•1 Full Bath
#424103222, Janice Lee, Listing Office: Coldwell Banker Realty
Is Oceanview, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Oceanview has remained a Seller's Market.
Key Takeaway
Oceanview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oceanview, CA
How much do homes in Oceanview, CA cost?
Median Sold Price
$1,125,000
$881/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+1.9%)
Key Takeaway
Homes in Oceanview have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Oceanview was $1,125,000 in November 2024, up 1.9% from last year, and the median price per square foot was $881.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $572.5K | $625K | +9.2% |
| 2 Bedrooms | $1.0M | $940K | -6.5% |
| 3 Bedrooms | $1.2M | $1.1M | -6.5% |
| 4 Bedrooms | $1.3M | $1.5M | +14.8% |
| 5+ Bedrooms | $1.9M | $1.9M | -0.5% |
Summary: Oceanview housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Oceanview | $1.1M | $1.1M | +1.9% |
| Merced Heights | $1.2M | $1.1M | -5.1% |
Housing Supply in Oceanview, CA
How many homes are available in Oceanview, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Oceanview real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Oceanview housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceanview, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Oceanview in November 2024, up by 62.5% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Oceanview, CA
How long does it take to sell a home in Oceanview, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 17 Days | -11.4% |
Summary: Homes in Oceanview had an average of 17 days on market in Nov 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oceanview are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Oceanview; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.