Is Ocean Shores, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ocean Shores is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Ocean Shores was a Seller's Market.

Key Takeaway

Ocean Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ocean Shores, WA

How much do homes in Ocean Shores, WA cost?

Median Sold Price

$375,000

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$7,960(-2.1%)

Key Takeaway

Homes in Ocean Shores have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Ocean Shores was $375,000 in September 2024, down 2.1% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $175K$180K
+2.9%
2 $350K$346K
-1.1%
3 $429K$421K
-1.9%
4 $502.4K$497.5K
-1.0%
5+ $965K$450K
-53.4%

Summary: Ocean Shores housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 53.4%.

Housing Supply in Ocean Shores, WA

How many homes are available in Ocean Shores, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
273270-1.1%

Summary: The Ocean Shores real estate market had 270 homes for sale in September 2024, a 1.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2427
+12.5%
2 10191
-9.9%
3 118124
+5.1%
4 2119
-9.5%
5+ 99
0.0%

Summary: The Ocean Shores housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3128-9.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ocean Shores, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Ocean Shores in September 2024, down by 9.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 39% were sold at asking, and 21% 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

Sep 2023Sep 2024CHANGE
82 Days75 Days-8.8%

Summary: Homes in Ocean Shores had an average of 75 days on market in Sep 2024, down by 8.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Ocean Shores are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 28 homes were sold in Ocean Shores; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 36% 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 6 Days Ago

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