OCEAN CITY HOUSING MARKET DATA

There was an increase in total units sold in March, with 94 sold this month in Ocean City Real Estate versus 70 last month, an increase of 34%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2024.

Versus last year, the total number of homes available this month is higher by 164 units or 44%. The total number of active inventory this March was 536 compared to 372 in March 2024. This month's total of 536 is higher than the previous month's total supply of available inventory of 492, an increase of 9%.

Last March, the median sale price for Ocean City Homes was $420,000. This March, the median sale price was $436,250, an increase of 4% or $16,250 compared to last year. The current median sold price is 14% lower than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 5.7 months of supply available in Ocean City, compared to 3.4 in March 2024. That is an increase of 66% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 197 homes newly listed for sale in Ocean City compared to 177 in March 2024, an increase of 11%. There were 115 current contracts pending sale this March compared to 140 a year ago. The number of current contracts is 18% lower than last March.

In March, the average sale price in Ocean City was 97.9% of the average list price, which is 0.5% higher than at this time last year.

This month, the average number of days on market was 57, higher than the average last year, which was 48, an increase of 19%.





FOCUS ON: OCEAN CITY HOUSING MARKET			MARCH 2025

Zip Code(s): 21842 and 21843
Units Sold 94	Active Inventory 536	Median Sale Price $436,250	Days On Market 57

Down -13% Vs. Year Ago	Up 44% Vs. Year Ago	Up 4% Vs. Year Ago	Up 19% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 94 sold this month in Ocean City Real Estate versus 70 last month, an increase of 34%. This month's total units sold was lower than at this time last year, a decrease of 13% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 164 units or 44%. The total number of active inventory this March was 536 compared to 372 in March 2024. This month's total of 536 is higher than the previous month's total supply of available inventory of 492, an increase of 9%.
		Median Sale Price Last March, the median sale price for Ocean City Homes was $420,000. This March, the median sale price was $436,250, an increase of 4% or $16,250 compared to last year. The current median sold price is 14% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 197	Current Contracts 115	Sold Vs. List Price 97.9%	Months of Supply 5.7

Up 11% Vs. Year Ago	Down -18% Vs. Year Ago	Up 0.5% Vs. Year Ago	Up 66% Vs. Year Ago


		Months of Supply In March, there was 5.7 months of supply available in Ocean City, compared to 3.4 in March 2024. That is an increase of 66% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 197 homes newly listed for sale in Ocean City compared to 177 in March 2024, an increase of 11%. There were 115 current contracts pending sale this March compared to 140 a year ago. The number of current contracts is 18% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Ocean City was 97.9% of the average list price, which is 0.5% higher than at this time last year. Days on Market This month, the average number of days on market was 57, higher than the average last year, which was 48, an increase of 19%.


	Ocean City are defined as properties listed in zip code/s 21842 and 21843.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.