Is Ocean Ridge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Ocean Ridge was a Seller's Market.
Housing Prices in Ocean Ridge, FL
How much do homes in Ocean Ridge, FL cost?
Median Sold Price
$1,787,500
$769/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ocean Ridge was $1,787,500 in June 2024, up 48.3% from last year, and the median price per square foot was $769.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.5K | $315K | +22.3% |
2 Bedrooms | $402.5K | $847.5K | +110.6% |
3 Bedrooms | $1.8M | $2.1M | +19.6% |
4 Bedrooms | $2.9M | $4.0M | +35.8% |
5+ Bedrooms | $4.5M | $5.6M | +23.7% |
Summary: Ocean Ridge housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.3%, 2 bedroom homes increased by 110.6%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 35.8%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
Ocean Ridge | $1.2M | $1.7M | +48.3% |
Boynton Beach | $383.8K | $414.8K | +8.1% |
Boynton Beach-Delray Beach | $376.1K | $395.5K | +5.2% |
Housing Supply in Ocean Ridge, FL
How many homes are available in Ocean Ridge, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
45 | 51 | +13.3% |
Summary: The Ocean Ridge real estate market had 51 homes for sale in June 2024, a 13.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Ocean Ridge housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Ocean Ridge in June 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ocean Ridge, FL
How long does it take to sell a home in Ocean Ridge, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
49 Days | 99 Days | +100.2% |
Summary: Homes in Ocean Ridge had an average of 99 days on market in Jun 2024, up by 100.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 1 homes were sold in Ocean Ridge; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.