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| FOCUS ON: OCEAN CITY HOUSING MARKET |
SEPTEMBER 2025 |
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| Zip Code(s): 21842 and 21843 |
Units Sold
102 |
Active Inventory
520 |
Median Sale Price
$451,500 |
Days On Market
90 |
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Up 55%
Vs. Year Ago |
Up 22%
Vs. Year Ago |
Down -5%
Vs. Year Ago |
Up 50%
Vs. Year Ago |
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Units Sold
The number of units sold remained stable in September, with 102 sold this month in Ocean City Real Estate. This month's total units sold was higher than at this time last year, an increase of 9% versus September 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 94 units or 22%. The total number of active inventory this September was 520 compared to 426 in September 2024. This month's total of 520 is higher than the previous month's total supply of available inventory of 512, an increase of 2%.
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Median Sale Price
Last September, the median sale price for Ocean City Homes was $475,000. This September, the median sale price was $451,500, a decrease of 5% or $23,500 compared to last year. The current median sold price is 6% lower than in August.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
148 |
Current Contracts
109 |
Sold Vs. List Price
96.6% |
Months of Supply
5.1 |
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Down -9%
Vs. Year Ago |
Up 8%
Vs. Year Ago |
Up 1.7%
Vs. Year Ago |
Down -21%
Vs. Year Ago |
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Months of Supply
In September, there was 5.1 months of supply available in Ocean City, compared to 6.5 in September 2024. That is a decrease of 21% 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.
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New Listings & Current Contracts
This month there were 148 homes newly listed for sale in Ocean City compared to 163 in September 2024, a decrease of 9%. There were 109 current contracts pending sale this September compared to 101 a year ago. The number of current contracts is 8% higher than last September.
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Sale Price to List Price Ratio
In September, the average sale price in Ocean City was 96.6% of the average list price, which is 1.6% higher than at this time last year.
Days on Market
This month, the average number of days on market was 90, higher than the average last year, which was 60, an increase of 50%.
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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. |