REAL-TIME MARKET NUMBERS
Oceano, CA 93445
Single-Family Homes
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Oceano, CA 93445
Wed Oct 09 2024
This week the median list price for Oceano, CA 93445 is $675,000 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has held steady at or around 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $675,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $584 | |
| Average Days on Market | 78 | |
| Median Days on Market | 63 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,995,000 | 2,336 | 0 - 4,500 sqft | 4 | 3 | 44 | 0 | 0 | 7 |
| $1,849,500 | 2,116 | 4,500 - 6,500 sqft | 3 | 2.8 | 25 | 0 | 0 | 147 |
| $675,000 | 1,673 | 4,500 - 6,500 sqft | 3 | 2.4 | 50 | 0 | 0 | 70 |
| $429,000 | 846 | 0 - 4,500 sqft | 1 | 1.5 | 39 | 0 | 0 | 52 |