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| APRIL 2025 | |||
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| Zip Code(s): 8226 | |||
| Units Sold 58 |
Active Inventory 476 |
Median Sale Price $960,000 |
Days On Market 56 |
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| Up 21% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 2% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 58 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 18 units or 4%. The total number of active inventory this April was 476 compared to 458 in April 2024. This month's total of 476 is higher than the previous month's total supply of available inventory of 470, an increase of 1%. |
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Median Sale Price
Last April, the median sale price for Ocean City Homes was $976,250. This April, the median sale price was approximately the same at $960,000. The current median sold price is 2% lower than in April 2024. 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 81 |
Current Contracts 42 |
Sold Vs. List Price 96.4% |
Months of Supply 8.2 |
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| Down -6% Vs. Year Ago |
Down -13% Vs. Year Ago |
Down -1.4% Vs. Year Ago |
Down -14% Vs. Year Ago |
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Months of Supply
In April, there was 8.2 months of supply available in Ocean City, compared to 9.5 in April 2024. That is a decrease of 14% 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 81 homes newly listed for sale in Ocean City compared to 86 in April 2024, a decrease of 6%. There were 42 current contracts pending sale this April compared to 48 a year ago. The number of current contracts is 13% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Ocean City was 96.4% of the average list price, which is 1.4% lower than at this time last year. Days on Market
This month, the average number of days on market was 56, higher than the average last year, which was 55, an increase of 2%. | |||
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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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