Is Oceano, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oceano is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Oceano has remained a Seller's Market.

Key Takeaway

Oceano is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oceano, CA cost?

Median Sold Price

$630,000

$435/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$105,000(+20.0%)

Key Takeaway

Homes in Oceano have sold for 20% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $240K$310K
+29.2%
2 $380K$392.5K
+3.3%
3 $547K$665K
+21.6%
4 $685K$748.5K
+9.3%
5+ $1.0M$830K
-22.2%

Median Sold Price Compared To Nearby Cities

Oceano
+20.0%
Arroyo Grande
+11.5%
Grover Beach
+9.1%

How many homes are available in Oceano, CA?

Number of Homes For Sale

Apr 2022May 2022%
2122+4.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 22
0.0%
2 67
+16.7%
3 108
-20.0%
4 24
+100.0%
5+ 11
0.0%

Number of Homes Sold

Apr 2022May 2022%
75-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oceano, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
15 Days5 Days-64.9%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oceano are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Oceano, CA

Number of homes for sale in Oceano, CA real estate market have reached 22. The number of listings in Oceano, CA increased by 4.8% between April 2022 and May 2022. Listings spent 5 days on the market in May 2022, and had a median list price of $630,000 during the same period. Listing prices have changed in this real estate market between April 2022 and May 2022: prices of 1 bedroom properties went up by 29.2%, prices of 2 bedrooms properties increased by 3.3%, prices of 3 bedrooms properties increased by 21.6%, 4 bedrooms properties became 9.3% more expensive, prices of 5 bedrooms properties went down by 22.2%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 16.7%, number of 3 bedrooms homes decreased by 20%, 4 bedrooms homes became 100% more available, 5 bedrooms homes inventory did not change. Over 4 listings were sold over their listed price in May 2022 in Oceano, CA. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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