Current home values in Oceanside

Since 2020, the median home value in the Oceanside metro area has surged 50.8%. As of July 2020, the typical home sold for $600,000, compared to $905,000 in July of this year, according to data from the San Diego Association of Realtors (SDAR).

“With interest rates coming down to the lowest levels since February and the availability of homes loosening up further in the last few months, the housing market is gearing up for another run in the second half of the year,” said Melanie Barker, President of the California Association of Realtors, in a statement to NBC 7 San Diego.

Inventory is also back on the rise. According to Spencer Lugash, President of SDAR, “We are most excited to see that home supply has nearly doubled since 2023, as this is indicative of increased construction and buying options for consumers to meet the ever-growing demand of San Diego County.”

The table below illustrates just how high home prices have climbed in the central Oceanside region over the last five years:

This trend isn’t unique to Oceanside; it’s been occurring nationwide over the past four years. According to the S&P CoreLogic Case-Shiller National Home Price Index, U.S. home prices have climbed by an average of 47% since the start of 2020.

As a result of rising home values, homeowners have built up significant equity in their homes, which they can now leverage for renovations, new properties, debt payments, retirement savings, or other financial goals. According to ICE’s Mortgage Monitor report, the average mortgage-holding homeowner possesses about $299,000 in equity as of early 2024.

For comparison, the table below shows median home prices in cities near Oceanside:

In the next section, we’ll explore several tools to help you estimate the current value of your Oceanside home.