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

$119,500

  • 2.4% 1-year change
  • None 1-year forecast

The median home value in Ocean Shores is $119,500. Ocean Shores home values have gone up 2.4% over the past year. The median list price per square foot in Ocean Shores is $129, which is higher than the Aberdeen Metro average of $105. The median price of homes currently listed in Ocean Shores is $169,900 while the median price of homes that sold is $146,050. The median rent price in Ocean Shores is $850, which is higher than the Aberdeen Metro median of $695.

Foreclosures will be a factor impacting home values in the next several years. In Ocean Shores 15.2 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

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 Sep 30, 2014
  • $119,500 ZHVI
  • No data 1-yr forecast
  • $169,900 Median listing price
  • $146,050 Median sale price (Aug 31, 2014)
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Ocean Shores Market Health

Data through Sep 30, 2014
  • 0.9/10 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
  • 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)

15.2 homes(Aug 31, 2014) Ocean Shores
4 homes United States
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Nearby Cities

Name Median ZHVI
Grayland $121,600
Westport $120,600
Aberdeen $99,400
Name Median ZHVI
Hoquiam $73,700
 
 

Listings & Sales

Data through Sep 30, 2014
  • $129 Median list price / sq ft
  • $114 Median sale price / sq ft (Aug 31, 2014)
  • 33.9% Listings with price cut
24.4%
Sold below listing
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Ocean Shores Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $848 Ocean Shores
    $849 Aberdeen Metro
    $1,335 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
  • $0.76 Rent list price / sq ft
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