Is Ocean Pines, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ocean Pines was a Seller's Market.
Key Takeaway
Ocean Pines is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ocean Pines, SC
How much do homes in Ocean Pines, SC cost?
Median Sold Price
$390,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ocean Pines have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Ocean Pines was $390,000 in April 2024, down 11.7% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $239.9K | N/A |
| 2 Bedrooms | $272.5K | $322K | +18.2% |
| 3 Bedrooms | $430K | $377.5K | -12.2% |
| 4 Bedrooms | $1.0M | $525K | -47.9% |
| 5+ Bedrooms | $820.7K | $1.0M | +24.9% |
Summary: Ocean Pines 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 increased by 18.2%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 47.9%, and 5+ bedroom homes increased by 24.9%.
Housing Supply in Ocean Pines, SC
How many homes are available in Ocean Pines, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Ocean Pines real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ocean Pines housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Pines, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Ocean Pines in April 2024, the same as the previous 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 Pines, SC
How long does it take to sell a home in Ocean Pines, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 227 Days | 52 Days | -77.1% |
Summary: Homes in Ocean Pines had an average of 52 days on market in Apr 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ocean Pines has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Ocean Pines; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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