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Ocean City Real Estate Report

Below is the monthly report we prepare summarizing all of the key indicators for the Ocean City real estate market.  This report will advise you as to how the local market is performing overall and can be helpful in determining the right time to buy or sell.  


Active Listings

There are currently 711 condos, town homes and homes for sale in Ocean City.  Ocean City listing inventory is down by 8% from 2017.

Active Listing Prices

The average price of active real estate listings in Ocean City is currently $385,000 and the median listing price is $309,000.  The average listing price for the year in Ocean City of $379,000 is a 4% increase over 2017.

Sold Listing Volume

115 Ocean City real estate listings went to settlement during April bringing the total number of sold listings for the year to 372.  Sold listing volume for the year in Ocean City is down by 1%.

Sold Listing Prices

The average sold price of Ocean City properties that went to settlement during April was $280,000 and the median sold price was $236,000.  The average sold price for the year in Ocean City of $304,000 is a 7% increase over 2017.

Average Sold Price/Sq. Ft.

The average sold price per square foot in Ocean City during April was $258.  The average sold price per square foot for the year in Ocean City of $267 is a 6% increase over 2017.

Absorption Rate

The absorption rate in Ocean City is currently 7 months, which is a 1 month improvement over 2017.

Sold to List Price Ratio

Ocean City properties that went to settlement during April sold on average at 95% of the list price.  The average sold to list price ratio for the year in Ocean City is 96%, which is unchanged from 2017.

Days on Market

Ocean City real estate listings that went to settlement during April averaged 115 days on the market.  Average days on market for the year in Ocean City are 146, which is a 13% improvement over 2017.

Pending Sale Volume

131 Ocean City real estate listings went under contract during April bringing the total number of contracts written for the year to 483.  Pending sales volume for the year in Ocean City is down by 7% from 2017.

Pending Sale Prices

The average price of Ocean City properties that went under contract during April was $329,000 and the median pending sale price was $292,000.  The average pending sale price for the year in Ocean City of $314,000 is a 4% increase over 2017.

New Listing Volume

158 new properties were listed in Ocean City during April bringing the total number of new listings for the year to 628, which is a 2% increase from 2017.

New Listing Prices

The average price of new real estate listings in Ocean City during April was $359,000 and the median new listing price was $287,000.  The average new listing price for the year in Ocean City of $344,000 is a 5% increase over 2017.

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