Is Ocean Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ocean Park has remained a Neutral Market.
Housing Prices in Ocean Park, WA
How much do homes in Ocean Park, WA cost?
Median Sold Price
$344,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean Park was $344,000 in April 2024, down 1.7% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $269K | +34.5% |
2 Bedrooms | $345K | $316.7K | -8.2% |
3 Bedrooms | $360K | $390K | +8.3% |
4 Bedrooms | $650K | $675K | +3.8% |
5+ Bedrooms | $649K | - | N/A |
Summary: Ocean Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.5%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Grayland | $272.4K | $357.5K | +31.2% |
Long Beach-North Beach Peninsula | $346.1K | $349.5K | +1.0% |
Ocean Park | $350K | $344K | -1.7% |
Housing Supply in Ocean Park, WA
How many homes are available in Ocean Park, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 101 | +18.8% |
Summary: The Ocean Park real estate market had 101 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 38 | 48 | +26.3% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ocean Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Ocean Park in April 2024, up by 45.5% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 56 Days | +24.2% |
Summary: Homes in Ocean Park had an average of 56 days on market in Apr 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Ocean Park; 56% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.