$10,000 Closing Credit*
$1,450,000
1,393 SqFt
2 Beds
•2 Full Baths
Vivian Fernandez, Listing Office: RE/MAX Advance Realty
Is Ocean Front, FL 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 Front has remained a Buyer's Market.
Key Takeaway
Ocean Front is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ocean Front, FL
How much do homes in Ocean Front, FL cost?
Median Sold Price
$599,625
$548/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,875(+6.4%)
Key Takeaway
Homes in Ocean Front have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Ocean Front was $599,625 in October 2024, up 6.4% from last year, and the median price per square foot was $548.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $397.5K | $410K | +3.1% |
| 2 Bedrooms | $637.5K | $645K | +1.2% |
| 3 Bedrooms | $1.7M | $2.2M | +30.1% |
| 4 Bedrooms | $8.4M | $5.8M | -31.2% |
| 5+ Bedrooms | $8.8M | $13.8M | +57.7% |
Summary: Ocean Front housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 30.1%, 4 bedroom homes decreased by 31.2%, and 5+ bedroom homes increased by 57.7%.
Median Sold Price Compared To Nearby Neighborhoods
| North Shore | $460K | $559.3K | +21.6% |
| City Center | $515K | $549K | +6.6% |
| Ocean Front | $563.7K | $599.6K | +6.4% |
Housing Supply in Ocean Front, FL
How many homes are available in Ocean Front, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 350 | 378 | +8.0% |
Summary: The Ocean Front real estate market had 378 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 114 | 121 | +6.1% |
| 2 Bedrooms | 192 | 209 | +8.9% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Ocean Front housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Front, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Ocean Front in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Ocean Front, FL
How long does it take to sell a home in Ocean Front, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 106 Days | +103.4% |
Summary: Homes in Ocean Front had an average of 106 days on market in Oct 2024, up by 103.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ocean Front are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 16 homes were sold in Ocean Front; 19% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.