How much do homes in Ocean City, MD cost?

Median List Price

$365,000

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$80,100(+28.1%)

Key Takeaway

The list price of homes in Ocean City has increased by 28.1% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $169.9K$195K+14.8%
2 $254.9K$319.5K+25.3%
3 $409.9K$489.9K+19.5%
4 $569.9K$750K+31.6%
5+ $1.0M$922.4K-10.0%

Median List Price Compared To Nearby Cities

Ocean City
+28.1%
Selbyville-Frankford
+15.2%
Bishopville
+4.4%

How many homes are available in Ocean City, MD?

Number of Homes For Sale

Jul 2021Aug 2021%
212280+32.1%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 3949+25.6%
2 7296+33.3%
3 7295+31.9%
4 2129+38.1%
5+ 811+37.5%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
149 Days77 Days-47.7%

Breakdown of Home Sale Times

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Key Takeaway

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About Ocean City, MD

Ocean City, MD has 280 homes for sale to choose from. Between July 2021 and August 2021, Ocean City, MD real estate market has seen increase in the number of listings by 32.1%. In August 2021 median list price was $365,000 and the average listing age was 77 days. Listing prices have changed in this real estate market between July 2021 and August 2021: 1 bedroom properties prices increased by 14.8%, 2 bedrooms properties became 25.3% more expensive, 3 bedrooms properties prices increased by 19.5%, prices of 4 bedrooms properties increased by 31.6%, prices of 5 bedrooms properties went down by 10%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 25.6%, volume of 2 bedrooms homes went up by 33.3%, the quantity of 3 bedrooms homes went up by 31.9%, the quantity of 4 bedrooms homes went up by 38.1%, the quantity of 5 bedrooms homes went up by 37.5%. Ocean City, MD housing market in August 2021 saw over 17 listings sold above listed price, more than 14 sold at listed price and over 18 sold below.

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