Is Ocean Shores, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ocean Shores has remained a Buyer's Market.
Housing Prices in Ocean Shores, WA
How much do homes in Ocean Shores, WA cost?
Median Sold Price
$374,966
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean Shores was $374,966 in April 2024, down 5.1% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219K | $145K | -33.8% |
2 Bedrooms | $370K | $350K | -5.4% |
3 Bedrooms | $445K | $415K | -6.7% |
4 Bedrooms | $553K | $497.5K | -10.0% |
5+ Bedrooms | - | $862.5K | N/A |
Summary: Ocean Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes did not change.
Housing Supply in Ocean Shores, WA
How many homes are available in Ocean Shores, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
177 | 206 | +16.4% |
Summary: The Ocean Shores real estate market had 206 homes for sale in April 2024, a 16.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 20 | +42.9% |
2 Bedrooms | 64 | 77 | +20.3% |
3 Bedrooms | 76 | 83 | +9.2% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Ocean Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 22 | -33.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Ocean Shores in April 2024, down by 33.3% month-over-month. Of the 22 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.
Days on Market for Ocean Shores, WA
How long does it take to sell a home in Ocean Shores, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 109 Days | +97.4% |
Summary: Homes in Ocean Shores had an average of 109 days on market in Apr 2024, up by 97.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Ocean Shores; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.