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| AUGUST 2025 | |||
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| Zip Code(s): 8226 | |||
| Units Sold 53 |
Active Inventory 469 |
Median Sale Price $1,270,000 |
Days On Market 36 |
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| Up 8% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 13% Vs. Year Ago |
Down -48% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 53 sold this month in Ocean City Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 23 units or 5%. The total number of active inventory this August was 469 compared to 446 in August 2024. This month's total of 469 is lower than the previous month's total supply of available inventory of 472, a decrease of 1%. |
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Median Sale Price
Last August, the median sale price for Ocean City Homes was $1,125,000. This August, the median sale price was $1,270,000, an increase of 13% or $145,000 compared to last year. The current median sold price is 19% higher than in July. 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 92 |
Current Contracts 66 |
Sold Vs. List Price 97.6% |
Months of Supply 8.8 |
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| Down -21% Vs. Year Ago |
Up 20% Vs. Year Ago |
Up 1.4% Vs. Year Ago |
Down -3% Vs. Year Ago |
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Months of Supply
In August, there was 8.8 months of supply available in Ocean City, compared to 9.1 in August 2024. That is a decrease of 3% 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 92 homes newly listed for sale in Ocean City compared to 116 in August 2024, a decrease of 21%. There were 66 current contracts pending sale this August compared to 55 a year ago. The number of current contracts is 20% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Ocean City was 97.6% of the average list price, which is 1.3% higher than at this time last year. Days on Market
This month, the average number of days on market was 36, lower than the average last year, which was 69, a decrease of 48%. | |||
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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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