• Ocean City Market Report

    $981,045

    AVERAGE PRICE OF 581 HOMES

    $2,095,074

    AVERAGE PRICE OF 150 MULTI-MILLION DOLLAR HOMES

    $1,351,525

    AVERAGE PRICE OF 100 NEWLY BUILT HOMES

    $2,920,000

    AVERAGE PRICE OF 2 HOMES WITH A POOL

    $469,900

    AVERAGE PRICE OF 1 DISTRESSED HOMES

    $879,966

    AVERAGE PRICE OF 9 REDUCED PRICE HOMES

    Average Home

    Average Price $981,045
    Avg Bedrooms 3.76 beds
    Avg Bathrooms 2.93 baths

    Average Price by Bedrooms

    1 bedroom $236,253
    2 bedrooms $426,396
    3 bedrooms $464,609
    4 bedrooms $1,513,722
    5 bedrooms $2,066,165
    Ocean City Home Price Trends
      7/2020 6/2020 5/2020 4/2020 3/2020
    Total Listings 350 341 382 395 405
    Average Price $1,058,881 $1,044,318 $957,004 $944,225 $954,724
    Avg Price Change +1.39% +9.12% +1.35% -1.11% -1.90%
    Median Price $720,481 $714,117 $697,811 $697,976 $708,405
    Med Price Change +0.89% +2.34% -0.02% -1.49% +0.08%
    Avg Bedrooms 3.45 beds 3.35 beds 3.42 beds 3.42 beds 3.49 beds
    Avg Bathrooms 2.55 baths 2.42 baths 2.4 baths 2.42 baths 2.54 baths
    Home Price by House Size
    Total Homes Average Price Avg Days on Site
    All Homes 581 $981,045 65 days
    Multi-Million Dollar Homes 150 $2,095,074 41 days
    Newly Built Homes 100 $1,351,525 41 days
    Homes with a Pool 2 $2,920,000 34 days
    Distressed Homes 1 $469,900 215 days
    Reduced Price Homes 9 $879,966 120 days