Single-Family Homes
Wed Dec 04 2024
This week the median list price for Ocean Ridge, FL is $3,322,500 with the market action index hovering around 21. This is less than last month's market action index of 23. Inventory has decreased to 16.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $3,322,500 | |
Median Price of New Listings | $0 | |
Per Square Foot | $1,115 | |
Average Days on Market | 180 | |
Median Days on Market | 151 | |
Price Decreased | 69% | |
Price Increased | 0% | |
Relisted | 6% | |
Inventory | 16 | |
Median Rent | ||
Market Action | 21 | |
Slight Buyer'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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$7,052,000 | 4,870 | 0.25 - 0.5 acre | 5 | 5 | 14 | 0 | 0 | 332 |
$4,822,500 | 4,318 | 0.25 - 0.5 acre | 4 | 4.5 | 20 | 0 | 0 | 164 |
$2,242,500 | 2,332 | 0.25 - 0.5 acre | 3 | 2.3 | 54 | 0 | 1 | 98 |
$1,299,187 | 1,251 | 4,500 - 6,500 sqft | 3 | 2 | 62 | 0 | 0 | 119 |