Is Oceanway, FL 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, Oceanway has remained a Seller's Market.
Housing Prices in Oceanway, FL
How much do homes in Oceanway, FL cost?
Median Sold Price
$348,990
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oceanway was $348,990 in May 2024, up 2.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $91K | -44.8% |
3 Bedrooms | $300K | $317.5K | +5.8% |
4 Bedrooms | $370K | $367.4K | -0.7% |
5+ Bedrooms | $440K | $419.9K | -4.6% |
Summary: Oceanway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in Oceanway, FL
How many homes are available in Oceanway, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 82 | +1.2% |
Summary: The Oceanway real estate market had 82 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 35 | 30 | -14.3% |
4 Bedrooms | 37 | 39 | +5.4% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Oceanway 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 decreased by 14.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 17 | -15.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Oceanway in May 2024, down by 15.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 24% were sold at asking, and 0% were sold over asking.
Days on Market for Oceanway, FL
How long does it take to sell a home in Oceanway, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 66 Days | +28.4% |
Summary: Homes in Oceanway had an average of 66 days on market in May 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Oceanway; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.