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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 649 condos, town homes and homes for sale in Ocean City. 

Active Listing Prices

The average price of active real estate listings in Ocean City is currently $380,000 and the median listing price is $320,000.

Sold Listing Volume

48 Ocean City real estate listings went to settlement during January.

Sold Listing Prices

The average sold price of Ocean City properties that went to settlement during January was $294,000 and the median sold price was $275,000.

Average Sold Price/Sq. Ft.

The average sold price per square foot in Ocean City during January was $259. 

Absorption Rate

The absorption rate in Ocean City is currently 6 months.

Sold to List Price Ratio

Ocean City properties that went to settlement during January sold on average at 95% of the list price.

Days on Market

Ocean City real estate listings that went to settlement during January averaged 85 days on the market.

Pending Sale Volume

83 Ocean City real estate listings went under contract during January.

Pending Sale Prices

The average price of Ocean City properties that went under contract during January was $334,000 and the median pending sale price was $278,000.

New Listing Volume

126 new properties were listed in Ocean City during January.

New Listing Prices

The average price of new real estate listings in Ocean City during January was $341,000 and the median new listing price was $275,000.  

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