$8,419 Closing Credit*
$709,000
921 SqFt
2 Beds
•1 Full Bath, 1 Partial
Jaime Rook, Listing Office: JMR Real Estate
Is Ocean Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ocean Hills has remained a Seller's Market.
Key Takeaway
Ocean Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocean Hills, CA
How much do homes in Ocean Hills, CA cost?
Median Sold Price
$1,033,750
$554/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$86,250(+9.1%)
Key Takeaway
Homes in Ocean Hills have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Ocean Hills was $1,033,750 in October 2024, up 9.1% from last year, and the median price per square foot was $554.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $790K | N/A |
| 2 Bedrooms | $880K | $915K | +4.0% |
| 3 Bedrooms | $1.0M | $1.1M | +3.3% |
| 4 Bedrooms | $1.1M | $1.2M | +10.2% |
| 5+ Bedrooms | $1.2M | $1.5M | +17.2% |
Summary: Ocean Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Ocean Hills | $947.5K | $1.0M | +9.1% |
| Ocean Hills Country Club | $910K | $975K | +7.1% |
| Shadowridge | $880K | $848K | -3.6% |
Housing Supply in Ocean Hills, CA
How many homes are available in Ocean Hills, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The Ocean Hills real estate market had 39 homes for sale in October 2024, a 2.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 25 | 29 | +16.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Ocean Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Hills, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Ocean Hills in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Ocean Hills, CA
How long does it take to sell a home in Ocean Hills, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 23 Days | +143.5% |
Summary: Homes in Ocean Hills had an average of 23 days on market in Oct 2024, up by 143.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocean Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Ocean Hills; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.