Is Ocean Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ocean Park was a Buyer's Market.
Housing Prices in Ocean Park, WA
How much do homes in Ocean Park, WA cost?
Median Sold Price
$344,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ocean Park was $344,000 in May 2024, down 0.3% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $269.5K | +34.8% |
2 Bedrooms | $338K | $319.9K | -5.4% |
3 Bedrooms | $358.9K | $393K | +9.5% |
4 Bedrooms | $650K | $675K | +3.8% |
5+ Bedrooms | $649K | - | N/A |
Summary: Ocean Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.8%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 9.5%, 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 | $344.7K | $349.9K | +1.5% |
Ocean Park | $345K | $344K | -0.3% |
Housing Supply in Ocean Park, WA
How many homes are available in Ocean Park, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 119 | +17.8% |
Summary: The Ocean Park real estate market had 119 homes for sale in May 2024, a 17.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 48 | 55 | +14.6% |
3 Bedrooms | 40 | 47 | +17.5% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ocean Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Ocean Park in May 2024, up by 25.0% month-over-month. Of the 20 sold homes, 60% were sold under asking, 35% were sold at asking, and 5% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 33 Days | -23.0% |
Summary: Homes in Ocean Park had an average of 33 days on market in May 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Ocean Park; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.