Is Oceanway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oceanway has remained a Seller's Market.
Key Takeaway
Oceanway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oceanway, FL
How much do homes in Oceanway, FL cost?
Median Sold Price
$348,990
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oceanway have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Oceanway was $348,990 in May 2024, up 2.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $91K | -44.8% |
| 3 Bedrooms | $300K | $317.5K | +5.8% |
| 4 Bedrooms | $370K | $367.4K | -0.7% |
| 5+ Bedrooms | $440K | $419.9K | -4.6% |
Summary: Oceanway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in Oceanway, FL
How many homes are available in Oceanway, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 82 | +1.2% |
Summary: The Oceanway real estate market had 82 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Oceanway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oceanway, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Oceanway in May 2024, down by 15.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 24% were sold at asking, and 0% were sold over asking.
Days on Market for Oceanway, FL
How long does it take to sell a home in Oceanway, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 66 Days | +28.4% |
Summary: Homes in Oceanway had an average of 66 days on market in May 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oceanway are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Oceanway; 41% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
The information contained herein has been provided by by Hernando County Association of REALTORS®. This information is from sources deemed reliable but not guaranteed. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. The information contained in this web site is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the owner of this site disclaims any implied warranty or representation about it's accuracy, completeness or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party which is accessed through this site via a hyperlink. Those persons who access this information assume full responsibility for the use of said information and understand and agree that the owner of this site named above not responsible or liable for any claim, loss or damage arising from the use of any information contained in this site. Any reference to specific products, companies or services does not necessarily constitute or imply recommendation or endorsement by the owner of this site.