The median sale price of a home sold in October 2020 in Ocean Ridge fell by $1,229,950 while total sales increased by 166.7%, according to BlockShopper.com.
In October 2020, there were eight homes sold, with a median sale price of $932,550 - a 56.9% decrease over the $2,162,500 median sale price for the same period of the previous year. There were three homes sold in Ocean Ridge in October 2019.
The median sales tax in Ocean Ridge for the most recent year with available data, 2018, was $9,649, approximately 1% of the median home sale price for October 2020.
The following table compares Ocean Ridge to other Palm Beach County cities with similar median sales prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Gulf Stream | 2 | 1 | 100% | $2,572,988.75 | $1,550,000 | 66% |
| Jupiter Inlet Colony | 4 | 3 | 33.3% | $2,003,112.50 | $1,675,000 | 19.6% |
| Manalapan | 1 | 1 | 0% | $1,841,100 | $6,100,000 | -69.8% |
| North Palm Beach (unincorporated) | 15 | 8 | 87.5% | $1,060,000 | $1,285,000 | -17.5% |
| Palm Beach | 64 | 33 | 93.9% | $1,036,875 | $667,500 | 55.3% |
| Ocean Ridge | 8 | 3 | 166.7% | $932,550 | $2,162,500 | -56.9% |
| Tequesta (unincorporated) | 7 | 4 | 75% | $930,000 | $325,000 | 186.2% |
| Highland Beach | 25 | 12 | 108.3% | $723,000 | $458,125 | 57.8% |
| West Delray | 1 | 1 | 0% | $575,000 | $625,000 | -8% |
| Atlantis | 4 | 11 | -63.6% | $549,250 | $380,000 | 44.5% |
| Palm Beach Gardens (unincorporated) | 31 | 32 | -3.1% | $540,000 | $304,000 | 77.6% |
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