Is Oceano, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
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.
Housing Prices in Oceano, CA
How much do homes in Oceano, CA cost?
Median Sold Price
$600,000
$535/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oceano have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Oceano was $600,000 in May 2024, down 7.3% from last year, and the median price per square foot was $535.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333K | $345K | +3.6% |
| 2 Bedrooms | $475K | $554K | +16.6% |
| 3 Bedrooms | $770K | $650K | -15.6% |
| 4 Bedrooms | $899K | $786K | -12.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Oceano housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 16.6%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Arroyo Grande | $880K | $1.0M | +19.3% |
| Grover Beach | $725K | $799.5K | +10.3% |
| Oceano | $647.5K | $600K | -7.3% |
Housing Supply in Oceano, CA
How many homes are available in Oceano, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Summary: The Oceano real estate market had 16 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oceano housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceano, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Oceano in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Oceano, CA
How long does it take to sell a home in Oceano, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 26 Days | +97.5% |
Summary: Homes in Oceano had an average of 26 days on market in May 2024, up by 97.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oceano has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Oceano; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.