Fri Dec 06 2019
This week the median list price for Oceanside, CA is $657,000 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has held steady at or around 130.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
| Median List Price | $657,000 | |
| Per Square Foot | $320 | |
| Days on Market | 70 | |
| Price Decreased | 34% | |
| Price Increased | 4% | |
| Relisted | 7% | |
| Inventory | 130 | |
| Median Rent | $2,550 | |
| Most Expensive | $4,450,000 | |
| Least Expensive | $320,000 | |
| Market Action | 56 | |
| Strong Seller's Market | ||
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,049,500 | 2,404 | 8,000 - 10,000 sqft | 4 | 3 | 45 | 4 | 6 | 133 |
| $727,500 | 2,555 | 8,000 - 10,000 sqft | 4 | 3 | 22 | 4 | 7 | 56 |
| $599,000 | 1,921 | 6,500 - 8,000 sqft | 4 | 2 | 29 | 8 | 10 | 31 |
| $465,000 | 1,346 | 4,500 - 6,500 sqft | 3 | 2 | 48 | 7 | 9 | 59 |