Is Ocean Park, WA 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 Park was a Seller's Market.
Key Takeaway
Ocean Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ocean Park, WA
How much do homes in Ocean Park, WA cost?
Median Sold Price
$349,900
$268/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Ocean Park has remained the same since last year.
Summary: The median home sold price in Ocean Park was $349,900 in March 2024, the same as last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.2K | $270K | +41.9% |
| 2 Bedrooms | $338K | $319.9K | -5.4% |
| 3 Bedrooms | $368K | $387K | +5.1% |
| 4 Bedrooms | $650K | $675K | +3.8% |
| 5+ Bedrooms | $649K | - | N/A |
Summary: Ocean Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Long Beach-North Beach Peninsula | $345K | $350K | +1.4% |
| Ocean Park | $349.9K | $349.9K | 0.0% |
Housing Supply in Ocean Park, WA
How many homes are available in Ocean Park, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 103 | +13.2% |
Summary: The Ocean Park real estate market had 103 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 38 | 48 | +26.3% |
| 3 Bedrooms | 44 | 43 | -2.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ocean Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Park, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Ocean Park in March 2024, the same as the previous month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Ocean Park, WA
How long does it take to sell a home in Ocean Park, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 111 Days | 92 Days | -16.6% |
Summary: Homes in Ocean Park had an average of 92 days on market in Mar 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ocean Park has remained consistent over time.
Summary: During March 2024, 11 homes were sold in Ocean Park; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.