OCEAN CITY HOUSING MARKET DATA

There was a decrease in total units sold in June, with 79 sold this month in Ocean City Real Estate versus 98 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 18% versus June 2024.

Versus last year, the total number of homes available this month is higher by 116 units or 31%. The total number of active inventory this June was 493 compared to 377 in June 2024. This month's total of 493 is lower than the previous month's total supply of available inventory of 568, a decrease of 13%.

Last June, the median sale price for Ocean City Homes was $459,500. This June, the median sale price was $432,500, a decrease of 6% or $27,000 compared to last year. The current median sold price is 3% higher than in May.

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

In June, there was 6.2 months of supply available in Ocean City, compared to 3.9 in June 2024. That is an increase of 59% 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 91 homes newly listed for sale in Ocean City compared to 130 in June 2024, a decrease of 30%. There were 103 current contracts pending sale this June compared to 102 a year ago. The number of current contracts is 1% higher than last June.

In June, the average sale price in Ocean City was 97.2% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 76, higher than the average last year, which was 54, an increase of 41%.





FOCUS ON: OCEAN CITY HOUSING MARKET			JUNE 2025

Zip Code(s): 21842 and 21843
Units Sold 79	Active Inventory 493	Median Sale Price $432,500	Days On Market 76

Down -18% Vs. Year Ago	Up 31% Vs. Year Ago	Down -6% Vs. Year Ago	Up 41% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 79 sold this month in Ocean City Real Estate versus 98 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 18% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 116 units or 31%. The total number of active inventory this June was 493 compared to 377 in June 2024. This month's total of 493 is lower than the previous month's total supply of available inventory of 568, a decrease of 13%.
		Median Sale Price Last June, the median sale price for Ocean City Homes was $459,500. This June, the median sale price was $432,500, a decrease of 6% or $27,000 compared to last year. The current median sold price is 3% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 91	Current Contracts 103	Sold Vs. List Price 97.2%	Months of Supply 6.2

Down -30% Vs. Year Ago	Up 1% Vs. Year Ago	No Change Vs. Year Ago	Up 59% Vs. Year Ago


		Months of Supply In June, there was 6.2 months of supply available in Ocean City, compared to 3.9 in June 2024. That is an increase of 59% 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 91 homes newly listed for sale in Ocean City compared to 130 in June 2024, a decrease of 30%. There were 103 current contracts pending sale this June compared to 102 a year ago. The number of current contracts is 1% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Ocean City was 97.2% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 76, higher than the average last year, which was 54, an increase of 41%.


	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.