Is Ocean Beach, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ocean Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Ocean Beach was a Neutral Market.

Key Takeaway

Ocean Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ocean Beach, NY

How much do homes in Ocean Beach, NY cost?

Median Sold Price

$1,287,500

$965/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$142,500(+12.4%)

Key Takeaway

Homes in Ocean Beach have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Ocean Beach was $1,287,500 in November 2024, up 12.4% from last year, and the median price per square foot was $965.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $867.5K$1.1M
+28.2%
3 $918.7K$1.8M
+95.9%
4 $1.4M$1.3M
-3.8%
5+ $1.1M$1.2M
+11.4%

Summary: Ocean Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 95.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 11.4%.

Median Sold Price Compared To Nearby Cities

Ocean Beach
+12.4%
Islip
+11.7%

Housing Supply in Ocean Beach, NY

How many homes are available in Ocean Beach, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
14140.0%

Summary: The Ocean Beach real estate market had 14 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 55
0.0%
4 44
0.0%
5+ 23
+50.0%

Summary: The Ocean Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ocean Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Ocean Beach in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ocean Beach, NY

How long does it take to sell a home in Ocean Beach, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
180 Days134 Days-25.6%

Summary: Homes in Ocean Beach had an average of 134 days on market in Nov 2024, down by 25.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Ocean Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Ocean Beach; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Ocean Beach, NY

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