Is Oceanway, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oceanway is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Oceanway has remained a Seller's Market.

Key Takeaway

Oceanway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oceanway, FL

How much do homes in Oceanway, FL cost?

Median Sold Price

$345,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,010(+0.3%)

Key Takeaway

The sold price of homes in Oceanway has remained the same since last year.

Summary: The median home sold price in Oceanway was $345,000 in April 2024, up 0.3% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $170K$107.3K
-36.9%
3 $305K$315K
+3.3%
4 $369.2K$369.9K
0.2%
5+ $451.5K$426.2K
-5.6%

Summary: Oceanway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 5.6%.

Housing Supply in Oceanway, FL

How many homes are available in Oceanway, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8182+1.2%

Summary: The Oceanway real estate market had 82 homes for sale in April 2024, a 1.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 3434
0.0%
4 3537
+5.7%
5+ 1010
0.0%

Summary: The Oceanway 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1218+50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oceanway, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Oceanway in April 2024, up by 50.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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

Apr 2023Apr 2024CHANGE
93 Days46 Days-51.0%

Summary: Homes in Oceanway had an average of 46 days on market in Apr 2024, down by 51% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oceanway are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 18 homes were sold in Oceanway; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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