South Florida

Ocean Ridge, FL

Single-Family Homes

Real Estate Market Reports


Ocean Ridge, FL

Fri Jul 26 2024
This week the median list price for Ocean Ridge, FL is $3,795,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 17. Click here to stay informed with the Ocean Ridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Ocean Ridge, FL

Fri Jul 26 2024
This week the median list price for Ocean Ridge, FL is $3,795,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has increased to 17. Click here to stay informed with the Ocean Ridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Ocean Ridge market.
Median List Price $3,795,000
Median Price of New Listings $1,550,000
Per Square Foot $1,086
Average Days on Market 138
Median Days on Market 105
Price Decreased 24%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,124,500 4,184 0.25 - 0.5 acre 5 4.5 3 0 0 178
$4,997,500 4,107 0.25 - 0.5 acre 4 4.5 20 0 0 31
$2,742,500 2,699 0.25 - 0.5 acre 4 3 55 0 0 185
$1,100,000 1,268 6,500 - 8,000 sqft 2 2 64 1 0 56