Is Ocean Park, CA 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 Park has remained a Seller's Market.
Housing Prices in Ocean Park, CA
How much do homes in Ocean Park, CA cost?
Median Sold Price
$1,609,000
$1,183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean Park was $1,609,000 in April 2024, up 3.1% from last year, and the median price per square foot was $1,183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $759.5K | $751K | -1.1% |
2 Bedrooms | $1.5M | $1.6M | +8.8% |
3 Bedrooms | $2.4M | $2.4M | -2.6% |
4 Bedrooms | $3.2M | $4.3M | +34.6% |
5+ Bedrooms | $3.5M | $2.2M | -38.6% |
Summary: Ocean Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes decreased by 38.6%.
Housing Supply in Ocean Park, CA
How many homes are available in Ocean Park, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 47 | +23.7% |
Summary: The Ocean Park real estate market had 47 homes for sale in April 2024, a 23.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Ocean Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Ocean Park in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Ocean Park, CA
How long does it take to sell a home in Ocean Park, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 30 Days | +91.5% |
Summary: Homes in Ocean Park had an average of 30 days on market in Apr 2024, up by 91.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Ocean Park; 82% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.