Home Values

Ocean Shores Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$122,900

  • 2.7% 1-year change
  • None 1-year forecast

The median home value in Ocean Shores is $122,900. Ocean Shores home values have gone up 2.7% over the past year. The median list price per square foot in Ocean Shores is $134, which is higher than the Aberdeen Metro average of $105. The median price of homes currently listed in Ocean Shores is $179,000 while the median price of homes that sold is $165,000. The median rent price in Ocean Shores is $850, which is higher than the Aberdeen Metro median of $725.

Foreclosures will be a factor impacting home values in the next several years. In Ocean Shores 5.7 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Ocean Shores is 8.3%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Ocean Shores homeowners underwater on their mortgage is 21.0%.

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Relative ZHVI
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Ocean Shores Market Overview

Data through Feb 28, 2015
  • $122,900 ZHVI
  • No data 1-yr forecast
  • $179,000 Median listing price
  • $165,000 Median sale price (Jan 31, 2015)
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Ocean Shores Market Health

Data through Feb 28, 2015
  • 3.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 21.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 8.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

5.7 homes(Jan 31, 2015) Ocean Shores
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Grayland $128,700
Westport $119,700
Aberdeen $96,000
Name Median ZHVI
Hoquiam $77,300
 
 

Listings & Sales

Data through Feb 28, 2015
  • $134 Median list price / sq ft
  • $112 Median sale price / sq ft (Jan 31, 2015)
  • 5.5% Listings with price cut
24.2%
Sold below listing
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Ocean Shores Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $900 Ocean Shores
    $880 Aberdeen Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $850 Rent list price
  • No data Rent list price / sq ft
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