Ocean Shores Home Prices & Values

$119,300 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

  • 1.9% 1-year change
  • No data 1-year forecast

The median home value in Ocean Shores is $119,300. Ocean Shores home values have gone up 1.9% 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 $104. The median price of homes currently listed in Ocean Shores is $167,999 while the median price of homes that sold is $138,600. The median rent price in Ocean Shores is $850.

Foreclosures will be a factor impacting home values in the next several years. In Ocean Shores 13.3 homes are foreclosed (per 10,000). This is greater than the national value of 4.3

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 Aug 31, 2014
  • $119,300 ZHVI
  • No data 1-yr forecast
  • $167,999 Median listing price
  • $138,600 Median sale price (Jul 31, 2014)
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Ocean Shores Market Health

Data through Aug 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)

13.3 homes(Jul 31, 2014) Ocean Shores
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Westport $125,000 Grayland $123,500 Aberdeen $99,800
Hoquiam $78,200    

Listings & Sales

Data through Aug 31, 2014
  • $127 Median list price / sq ft
  • $103 Median sale price / sq ft (Jul 31, 2014)
  • 38.2% Listings with price cut
18.1%
Sold below listing
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Ocean Shores Rentals

Data through Aug 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
$825 Ocean Shores
$829 Aberdeen Metro
$1,328 United States
  • 1.6 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, 2014)
  • $850 Rent list price
  • $0.73 Rent list price / sq ft
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