Ocean City Real Estate Report

The average active listing price in Ocean City is $712,000 and the median listing price is $515,000. The median listing price for the year in Ocean City is $529,000, which is a 9% decrease from 2021.

70 Ocean City properties went to settlement during February bringing the total number of sold listings for the year to 134, which is a 25% decrease in Ocean City real estate sales volume from 2022.

The average sold price for Ocean City real estate during February was $456,000 and the median sold price was $441,000. The median sold price for the year in Ocean City is $400,000, which is a 4% increase over 2022.

The average sold price per square foot in Ocean City during February was $425. The average sold price per square foot for the year in Ocean City is $436, which is a 10% increase over 2022.

Ocean City properties that went to settlement during February sold on average at 97% of the list price. The average sold to list price ratio for the year in Ocean City is 98%, which is a 1% decrease from 2022.

107 Ocean City properties went under contract during February bringing the total number of contracts written for the year to 199, which is an 18% decrease from 2022.

The average price of Ocean City properties that went under contract during February was $500,000 and the median pending sale price was $425,000. The median pending sale price for the year in Ocean City is $413,000, which is a 2% decrease from 2022.

86 new properties were listed in Ocean City during February bringing the total number of new listings for the year to 174, which is a 13% decrease from 2022.

The average price of new listings in Ocean City during February was $558,000 and the median new listing price was $434,000. The median new listing price for the year in Ocean City is $427,000, which is a slight increase over 2022.