Is Ocean Ridge, FL 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 Ridge was a Seller's Market.
Housing Prices in Ocean Ridge, FL
How much do homes in Ocean Ridge, FL cost?
Median Sold Price
$1,600,000
$763/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean Ridge was $1,600,000 in April 2024, up 38.5% from last year, and the median price per square foot was $763.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $305K | +41.9% |
2 Bedrooms | $449.9K | $672.5K | +49.5% |
3 Bedrooms | $1.6M | $2.2M | +37.0% |
4 Bedrooms | $2.7M | $3.7M | +35.4% |
5+ Bedrooms | $5.3M | $5.6M | +4.9% |
Summary: Ocean Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.9%, 2 bedroom homes increased by 49.5%, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 35.4%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Ocean Ridge | $1.1M | $1.6M | +38.5% |
Boynton Beach | $365K | $408.8K | +12.0% |
Boynton Beach-Delray Beach | $372.4K | $389.1K | +4.5% |
Housing Supply in Ocean Ridge, FL
How many homes are available in Ocean Ridge, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 57 | +14.0% |
Summary: The Ocean Ridge real estate market had 57 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Ocean Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Ocean Ridge in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ocean Ridge, FL
How long does it take to sell a home in Ocean Ridge, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 59 Days | +15.6% |
Summary: Homes in Ocean Ridge had an average of 59 days on market in Apr 2024, up by 15.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Ocean Ridge; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.