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 77 condos, town homes and homes for sale in Ocean City.  Ocean City listing inventory is down by 65% from 2021.

Active Listing Prices

The average active listing price in Ocean City is $763,000 and the median listing price is $525,000. The median listing price for the year in Ocean City is $574,000, which is a 7% increase over 2021.

Sold Listing Volume

126 Ocean City properties went to settlement during April bringing the total number of sold listings for the year to 447, which represents a 35% decrease in sales from 2021.

Sold Listing Prices

The average sold price in Ocean City during April was $495,000 and the median sold price was $443,000. The median sold price for the year in Ocean City is $410,000, which is a 22% increase over 2021.

Average Sold Price/Sq. Ft.

The average sold price per square foot in Ocean City during April was $428. The average sold price per square foot for the year in Ocean City is $409, which is a 23% increase over 2021.

Absorption Rate

The absorption rate in Ocean City is currently less than one-month, which is a one-month improvement over 2021.

Sold to List Price Ratio

Ocean City properties that went to settlement during April sold on average at 100% of the list price. The average sold to list price ratio for the year in Ocean City is 100%, which is a 1% improvement over 2021.

Days on Market

Ocean City properties that went to settlement during April averaged 24 days on the market.  Average days on market for the year in Ocean City are 34, which is a 21% improvement over 2021.

Pending Sale Volume

138 Ocean City properties went under contract during April bringing the total number of contracts written for the year to 518, which is a 28% decrease from 2021.

Pending Sale Prices

The average price of Ocean City properties that went under contract during April was $511,000 and the median pending sale price was $400,000. The median pending sale price for the year in Ocean City is $419,000, which is a 19% increase over 2021.

New Listing Volume

151 new properties were listed in Ocean City during April bringing the total number of new listings for the year to 482, which is a 28% decrease from 2021.

New Listing Prices

The average price of new listings in Ocean City during April was $464,000 and the median new listing price was $399,000. The median new listing price for the year in Ocean City is $421,000, which is an 18% increase over 2021.


Market Report Sign Up

If you would like our monthly Ocean City Real Estate Market Report emailed to you simply fill out the contact form below.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.