Is Ocean Shores, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ocean Shores has remained a Seller's Market.
Housing Prices in Ocean Shores, WA
How much do homes in Ocean Shores, WA cost?
Median Sold Price
$375,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ocean Shores was $375,000 in March 2024, down 4.6% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218K | $170K | -22.0% |
2 Bedrooms | $373.2K | $350K | -6.2% |
3 Bedrooms | $439.9K | $420K | -4.5% |
4 Bedrooms | $604.7K | $499.5K | -17.4% |
5+ Bedrooms | $809K | $862.5K | +6.6% |
Summary: Ocean Shores housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in Ocean Shores, WA
How many homes are available in Ocean Shores, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
152 | 185 | +21.7% |
Summary: The Ocean Shores real estate market had 185 homes for sale in March 2024, a 21.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 18 | +80.0% |
2 Bedrooms | 52 | 67 | +28.8% |
3 Bedrooms | 75 | 79 | +5.3% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Ocean Shores housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 33 | +50.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Ocean Shores in March 2024, up by 50.0% month-over-month. Of the 33 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Ocean Shores, WA
How long does it take to sell a home in Ocean Shores, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
104 Days | 108 Days | +4.0% |
Summary: Homes in Ocean Shores had an average of 108 days on market in Mar 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Ocean Shores; 27% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.