Is Ocean Ridge, 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 Ridge was a Seller's Market.
Housing Prices in Ocean Ridge, FL
How much do homes in Ocean Ridge, FL cost?
Median Sold Price
$1,525,000
$734/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ocean Ridge was $1,525,000 in March 2024, up 44.6% from last year, and the median price per square foot was $734.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $302.5K | +44.0% |
2 Bedrooms | $469.9K | $500K | +6.4% |
3 Bedrooms | $1.6M | $2.3M | +45.2% |
4 Bedrooms | $2.7M | $2.9M | +7.6% |
5+ Bedrooms | $6.0M | $4.9M | -17.5% |
Summary: Ocean Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 45.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Cities
Ocean Ridge | $1.0M | $1.5M | +44.6% |
Boynton Beach | $360.4K | $403.9K | +12.1% |
Boynton Beach-Delray Beach | $372.9K | $386.1K | +3.5% |
Housing Supply in Ocean Ridge, FL
How many homes are available in Ocean Ridge, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Ocean Ridge real estate market had 48 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Ocean Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Ocean Ridge in March 2024, down by 57.1% month-over-month. Of the 3 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 67 Days | +5.7% |
Summary: Homes in Ocean Ridge had an average of 67 days on market in Mar 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Ocean Ridge; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.