$10,000 Closing Credit*
$1,495,000
1,239 SqFt
2 Beds
•2 Baths
Wes Wellman, Listing Office: Wellman Realty Co.
Is Ocean Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Ocean Park was a Seller's Market.
Key Takeaway
Ocean Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ocean Park, CA
How much do homes in Ocean Park, CA cost?
Median Sold Price
$1,599,500
$1,095/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$150,500(-8.6%)
Key Takeaway
Homes in Ocean Park have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Ocean Park was $1,599,500 in November 2024, down 8.6% from last year, and the median price per square foot was $1,095.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $751K | $727.5K | -3.1% |
| 2 Bedrooms | $1.6M | $1.6M | -5.2% |
| 3 Bedrooms | $2.4M | $2.2M | -10.2% |
| 4 Bedrooms | $3.5M | $1.8M | -46.0% |
| 5+ Bedrooms | $2.2M | $2.6M | +21.0% |
Summary: Ocean Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 46%, and 5+ bedroom homes increased by 21%.
Housing Supply in Ocean Park, CA
How many homes are available in Ocean Park, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Ocean Park real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Ocean Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Ocean Park in November 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ocean Park, CA
How long does it take to sell a home in Ocean Park, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 16 Days | -36.4% |
Summary: Homes in Ocean Park had an average of 16 days on market in Nov 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocean Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Ocean Park; 100% of homes were sold within 30 days, 0% 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.