South Florida

Ocean Ridge, FL

Single-Family Homes

Real Estate Market Reports


Ocean Ridge, FL

Wed Oct 04 2023
This week the median list price for Ocean Ridge, FL is $4,795,000 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has increased to 11. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Ocean Ridge, FL

Wed Oct 04 2023
This week the median list price for Ocean Ridge, FL is $4,795,000 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has increased to 11. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Ocean Ridge market.
Median List Price $4,795,000
Median Price of New Listings $4,195,580
Per Square Foot $1,220
Average Days on Market 196
Median Days on Market 182
Price Decreased 18%
Price Increased 0%
Relisted 18%
Inventory 11
Median Rent
Market Action 33
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$19,199,500 6,755 0.5 - 1 acre 6 6 35 0 0 94
$6,595,000 5,170 0.25 - 0.5 acre 5 6 18 0 0 119
$4,250,000 3,439 0.25 - 0.5 acre 4 3 65 1 0 231
$2,895,000 1,848 0.25 - 0.5 acre 4 4 54 0 1 322