Is Ocean Shores, 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 Shores was a Seller's Market.
Key Takeaway
Ocean Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ocean Shores, WA
How much do homes in Ocean Shores, WA cost?
Median Sold Price
$375,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ocean Shores have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Ocean Shores was $375,000 in May 2024, down 3.8% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | $145K | -33.2% |
| 2 Bedrooms | $364.9K | $342.4K | -6.2% |
| 3 Bedrooms | $439.9K | $419.9K | -4.5% |
| 4 Bedrooms | $541.5K | $490.7K | -9.4% |
| 5+ Bedrooms | $760K | $965K | +27.0% |
Summary: Ocean Shores housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 27%.
Housing Supply in Ocean Shores, WA
How many homes are available in Ocean Shores, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 206 | 252 | +22.3% |
Summary: The Ocean Shores real estate market had 252 homes for sale in May 2024, a 22.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 25 | +19.0% |
| 2 Bedrooms | 77 | 88 | +14.3% |
| 3 Bedrooms | 81 | 104 | +28.4% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Ocean Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 28.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 34 | +41.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean Shores, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Ocean Shores in May 2024, up by 41.7% month-over-month. Of the 34 sold homes, 59% were sold under asking, 26% were sold at asking, and 15% were sold over asking.
Days on Market for Ocean Shores, WA
How long does it take to sell a home in Ocean Shores, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 74 Days | +2.0% |
Summary: Homes in Ocean Shores had an average of 74 days on market in May 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocean Shores are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Ocean Shores; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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. 
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.