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 and can be helpful in determining the right time to buy or sell.  


Active Listings

There are currently 253 condos, town homes and homes for sale in Ocean City, which represents an 83% increase in inventory over this point in 2023.

Active Listing Prices

The average active listing price in Ocean City is currently $550,000 and the median listing price is $450,000. The median listing price for the year in Ocean City was $513,000, which was a 1% decrease from 2022.

Sold Listing Volume

53 Ocean City properties went to settlement during December bringing the total number of sold listings for the year to 1060, which was a 13% decrease in Ocean City real estate sales volume from 2022.

Sold Listing Prices

The average sold price for Ocean City real estate that went to settlement during December was $659,000 and the median sold price was $484,000. The median sold price for the year in Ocean City was $431,000, which was a 6% increase over 2022.

Average Sold Price/Sq. Ft.

The average sold price per square foot in Ocean City during December was $505. The average sold price per square foot for the year in Ocean City was $452, which was a 7% increase over 2022.

Absorption Rate

The absorption rate in Ocean City is currently three months, which is a two-month increase over this point in 2022.

Sold to List Price Ratio

Ocean City properties that went to settlement during December sold on average at 96% of the list price. The average sold to list price ratio for the year in Ocean City was 97%, which was a 2% decrease from 2022.

Days on Market

Ocean City properties that went to settlement during December averaged 46 days on the market.  Average days on market for the year in Ocean City were 36, which represented a 33% increase over 2022.

Pending Sale Volume

47 Ocean City properties went under contract during December bringing the total number of contracts written for the year to 1093, which was a 15% decrease from 2022.

Pending Sale Prices

The average price of Ocean City properties that went under contract during December was $535,000 and the median pending sale price was $415,000. The median pending sale price for the year in Ocean City was $428,000, which was a 3% increase over 2022.

New Listing Volume

60 new properties were listed in Ocean City during December bringing the total number of new listings for the year to 1205, which was an 8% decrease from 2022.

New Listing Prices

The average price of new real estate listings in Ocean City during December was $436,000 and the median new listing price was $429,000. The median new listing price for the year in Ocean City was $436,000, which was a 2% increase over 2022.


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