Ocean Shores Home Prices & Values

$113,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -4.3% 1-year change
  • No data 1-year forecast

The median home value in Ocean Shores is $113,700. Ocean Shores home values have declined -4.3% over the past year. The median list price per square foot in Ocean Shores is $127, which is higher than the Aberdeen Metro average of $103. The median price of homes currently listed in Ocean Shores is $167,900 while the median price of homes that sold is $134,800. The median rent price in Ocean Shores is $795, which is higher than the Aberdeen Metro median of $625.

Foreclosures will be a factor impacting home values in the next several years. In Ocean Shores 9.7 homes are foreclosed (per 10,000). This is greater than the national value of 4.4

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 8.9%, which is higher than the national value of 6.9%. 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 24.2%.

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Relative ZHVI
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Ocean Shores Market Overview

Data through Jul 31, 2014
  • $113,700 ZHVI
  • No data 1-yr forecast
  • $167,900 Median listing price
  • $134,800 Median sale price (Jun 30, 2014)
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Ocean Shores Market Health

Data through Jul 31, 2014
  • 0.4/10 Less healthy What's This?  
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    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
  • 24.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

9.7 homes(Jun 30, 2014) Ocean Shores
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Grayland $119,100 Westport $115,700 Aberdeen $94,700
Hoquiam $72,800    

Listings & Sales

Data through Jul 31, 2014
  • $127 Median list price / sq ft
  • $102 Median sale price / sq ft (Jun 30, 2014)
  • 34.6% Listings with price cut
16.7%
Sold below listing
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Ocean Shores Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$812 Ocean Shores
$813 Aberdeen Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $795 Rent list price (Jun 30, 2014)
  • $0.76 Rent list price / sq ft (Jun 30, 2014)
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