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

$118,600

  • -2.5% 1-year change
  • None 1-year forecast

The median home value in Ocean Shores is $118,600. Ocean Shores home values have declined -2.5% over the past year. The median list price per square foot in Ocean Shores is None.

Foreclosures will be a factor impacting home values in the next several years. In Ocean Shores 2.6 homes are foreclosed (per 10,000). This is lower 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 Apr 30, 2015
  • $118,600 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $158,769 Median sale price (Mar 31, 2015)
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Ocean Shores Market Health

Data through Apr 30, 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.
    (Feb 28, 2015)
  • 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)

2.6 homes 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 Mar 31, 2015
  • No recent data Median list price / sq ft
  • $120 Median sale price / sq ft
  • No data Listings with price cut
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Ocean Shores Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $882 Ocean Shores
    $856 Aberdeen Metro
    $1,364 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
    (Dec 31, 2014)
  • No data Rent list price
  • $0.78 Rent list price / sq ft
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