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| JULY 2025 | |||
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| Zip Code(s): 8226 | |||
| Units Sold 33 |
Active Inventory 471 |
Median Sale Price $1,030,000 |
Days On Market 51 |
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| Down Vs. Year Ago |
Up 9% Vs. Year Ago |
Up Vs. Year Ago |
Down -4% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in July, with 33 sold this month in Ocean City Real Estate. This month's total units sold was lower than at this time last year, a decrease from July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 37 units or 9%. The total number of active inventory this July was 471 compared to 434 in July 2024. This month's supply remained stable as compared to last month. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last July, the median sale price for Ocean City Homes was $817,500. This July, the median sale price was $1,030,000, an increase of $212,500 compared to last year. The current median sold price is lower than in June. 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 95 |
Current Contracts 59 |
Sold Vs. List Price 95.6% |
Months of Supply 14.3 |
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| Up 51% Vs. Year Ago |
No Change Vs. Year Ago |
Down -1% Vs. Year Ago |
Up Vs. Year Ago |
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Months of Supply
In July, there was 14.3 months of supply available in Ocean City, compared to 8.7 in July 2024. That is an increase 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 95 homes newly listed for sale in Ocean City compared to 63 in July 2024, an increase of 51%. There were 59 current contracts pending sale this July, consistent with the volume a year ago. The number of current contracts is 16% higher than last month. |
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Sale Price to List Price Ratio
In July, the average sale price in Ocean City was 95.6% of the average list price, which is 1.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 51, lower than the average last year, which was 53, a decrease of 4%. | |||
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Ocean City are defined as properties listed in zip code/s 8226. | ||
| *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 SJSMLS 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 SJSMLS or Long & Foster Real Estate, Inc. |
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