Is Oceanside-Escondido, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oceanside-Escondido is a seller's market

Buyer's
Market

Difference Since January 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

$862,738

$517/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$14,790(+1.7%)

Key Takeaway

Homes in Oceanside-Escondido have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Oceanside-Escondido was $862,738 in January 2024, up 1.7% from last year, and the median price per square foot was $517.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $415K$440K
+6.0%
2 $593.3K$614.7K
+3.6%
3 $820.1K$843.2K
+2.8%
4 $1.0M$1.0M
-1.5%
5+ $1.3M$1.4M
+9.1%

Summary: Oceanside-Escondido housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Cities

Escondido
+9.3%
Vista
+7.9%
San Marcos
+4.1%
Oceanside-Escondido
+1.7%
Valley Center
-4.4%

Housing Supply in Oceanside-Escondido, CA

How many homes are available in Oceanside-Escondido, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
9921,085+9.4%

Summary: The Oceanside-Escondido real estate market had 1,085 homes for sale in January 2024, a 9.4% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 3940
+2.6%
2 274296
+8.0%
3 323359
+11.1%
4 248279
+12.5%
5+ 108111
+2.8%

Summary: The Oceanside-Escondido housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 2.8%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
284290+2.1%

Asking Price vs. Sold Price

133 Homes Were Sold
Under Asking

61 Homes Were Sold
At Asking

96 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oceanside-Escondido, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.

Summary: A total of 290 homes were sold or pending in Oceanside-Escondido in January 2024, up by 2.1% month-over-month. Of the 290 sold homes, 46% were sold under asking, 21% were sold at asking, and 33% 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

Jan 2023Jan 2024CHANGE
46 Days29 Days-37.5%

Summary: Homes in Oceanside-Escondido had an average of 29 days on market in Jan 2024, down by 37.5% compared to last year.

Breakdown of Home Sale Times

182 Homes Were Sold
Under 30 Days

95 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 290 homes were sold in Oceanside-Escondido; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

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