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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 819 condos, townhomes and homes for sale in Ocean City.  This is a 12% decrease in inventory from 2016.

Ocean City Real Estate Listings

Active Listing Prices

The average price of active real estate listings in Ocean City is currently $363,000 and the median listing price is $300,000.  The average listing price for the year in Ocean City is $361,000, which is a 7% increase over 2016.

Ocean City Real Estate Prices

Sold Listing Volume

63 Ocean City real estate listings went to settlement during February bringing the total number of sold listings for the year to 129, which represents a slight increase in market activity over 2016.

Ocean City Sold Real Estate Listings

Sold Listing Prices

The average sold price of Ocean City properties that went to settlement during February was $273,000 and the median sold price was $215,000.  The average sold price for the year in Ocean City is $278,000, which is a 7% decrease from 2016.

Ocean City Sold Real Estate Prices

Average Sold Price/Sq. Ft.

The average sold price per square foot in Ocean City during February was $235.  The average sold price per square foot for the year in Ocean City is $247238, which is a 2% decrease from 2016.

Ocean City Real Estate Statistics

Absorption Rate

The absorption rate in Ocean City currently stands at 9 months, which is a 1 month improvement over 2016.

Ocean City Absorption Rates

Sold to List Price Ratio

Ocean City properties that went to settlement during February sold on average at 96% of the listing price.  The average sold to list price ratio for the year in Ocean City is 95%, which is a 1% improvement over 2016.

Ocean City Real Estate Sold to List Price Ratios

Days on Market

Ocean City real estate listings that went to settlement during February averaged 166 days on the market.  Average days on market for the year in Ocean City are 173, which is a 20% improvement over 2016.

Average Days on Market

Pending Sale Volume

151 Ocean City real estate listings went under contract during February bringing the total number of contracts written for the year to 233, which represents a 41% increase in market activity over 2016.

Real Estate Sales in Ocean City

Pending Sale Prices

The average price of Ocean City properties that went under contract during February was $280,000 and the median pending sale price was $240,000.  The average pending sale price for the year in Ocean City is $296,000, which is up slightly over 2016.

Ocean City Real Estate Sales Prices

New Listing Volume

155 new properties were listed in Ocean City during February bringing the total number of new listings for the year to 290, which is an 8% increase over 2016.

New Ocean City Real Estate Listings

New Listing Prices

The average price of new Ocean City real estate listings during February was $318,000 and the median new listing price was $289,000.  The average new listing price for the year in Ocean City is $317,000, which is a 6% decrease from 2016.

New Ocean City Real Estate Prices

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