Is Ocean Front, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ocean Front was a Seller's Market.
Key Takeaway
Ocean Front is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ocean Front, FL
How much do homes in Ocean Front, FL cost?
Median Sold Price
$599,250
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ocean Front have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Ocean Front was $599,250 in March 2024, up 3.3% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $422.5K | $430K | +1.8% |
| 2 Bedrooms | $650K | $650K | 0.0% |
| 3 Bedrooms | $1.4M | $1.8M | +29.3% |
| 4 Bedrooms | $4.2M | $7.9M | +87.1% |
| 5+ Bedrooms | $14.0M | $2.3M | -83.0% |
Summary: Ocean Front housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 29.3%, 4 bedroom homes increased by 87.1%, and 5+ bedroom homes decreased by 83%.
Median Sold Price Compared To Nearby Neighborhoods
| Ocean Front | $580K | $599.2K | +3.3% |
| North Shore | $498.3K | $500K | 0.3% |
| City Center | $550K | $525K | -4.5% |
Housing Supply in Ocean Front, FL
How many homes are available in Ocean Front, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 380 | 412 | +8.4% |
Summary: The Ocean Front real estate market had 412 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 102 | 117 | +14.7% |
| 2 Bedrooms | 209 | 220 | +5.3% |
| 3 Bedrooms | 45 | 47 | +4.4% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Ocean Front housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Front, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Ocean Front in March 2024, up by 30.0% month-over-month. Of the 26 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Ocean Front, FL
How long does it take to sell a home in Ocean Front, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 81 Days | +1.9% |
Summary: Homes in Ocean Front had an average of 81 days on market in Mar 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocean Front are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in Ocean Front; 38% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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