Ocean City Real Estate Report

Active Listings

There are currently 662 condos, town homes and homes for sale in Ocean City, which is a 22% decrease in inventory from 2017.

Active Listing Prices

The average price of active real estate listings in Ocean City is currently $368,000 and the median listing price is $300,000.  The average listing price for the year in Ocean City is $368,000, which is a 3% increase over 2017.

Sold Listing Volume

67 Ocean City real estate listings went to settlement during January bringing the total number of sold listings for the year to 67, which was a slight increase in sales volume over 2017.

Sold Listing Prices

The average sold price of Ocean City properties that went to settlement during January was $325,000 and the median sold price was $266,000.  The average sold price for the year in Ocean City is $325,000, which is a 15% increase over 2017.

Average Sold Price/Sq. Ft.

The average sold price per square foot in Ocean City during January was $274.  The average sold price per square foot for the year in Ocean City was $274, which is a 14% increase over 2017.

Absorption Rate

The absorption rate in Ocean City currently stands at 6 months, which is a 3 month improvement over 2017.

Sold to List Price Ratio

Ocean City properties that went to settlement during January sold on average at 95% 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 2017.

Days on Market

Ocean City real estate listings that went to settlement during January averaged 159 days on the market.  Average days on market for the year in Ocean City are 159, which is a 12% improvement over 2017.

Pending Sale Volume

90 Ocean City real estate listings went under contract during January bringing the total number of contracts written for the year to 90, which represents a 10% increase in market activity over 2017.

Pending Sale Prices

The average price of Ocean City properties that went under contract during January was $321,000 and the median pending sale price was $265,000.  The average pending sale price for the year in Ocean City is $321,000, which is a 3% increase over 2017.

New Listing Volume

122 new properties were listed in Ocean City during January bringing the total number of new listings for the year to 122, which is a 10% decrease from 2017.

New Listing Prices

The average price of new real estate listings in Ocean City during January was $315,000 and the median new listing price was $260,000.  The average new listing price for the year in Ocean City is $315,000, which is unchanged from 2017.

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