Ocean City Market Report
$680,250
AVERAGE PRICE OF 313 HOMES$352,450
AVERAGE PRICE OF 2 DISTRESSED HOMES$2,097,823
AVERAGE PRICE OF 44 MULTI-MILLION DOLLAR HOMES$883,300
AVERAGE PRICE OF 13 NEWLY BUILT HOMES$2,854,963
AVERAGE PRICE OF 8 HOMES WITH A POOL$505,557
AVERAGE PRICE OF 7 REDUCED PRICE HOMESAverage Home
| Average Price | $680,250 |
| Avg Bedrooms | 2.27 beds |
| Avg Bathrooms | 2.06 baths |
Average Price by Bedrooms
| 1 bedroom | $277,202 |
| 2 bedrooms | $435,534 |
| 3 bedrooms | $682,942 |
| 4 bedrooms | $1,117,607 |
| 5 bedrooms | $1,618,588 |
Ocean City Home Price Trends
| 11/2022 | 10/2022 | 9/2022 | 8/2022 | 7/2022 | |
|---|---|---|---|---|---|
| Total Listings | 341 | 347 | 358 | 345 | 336 |
| Average Price | $751,844 | $728,400 | $729,383 | $765,866 | $760,397 |
| Avg Price Change | +3.22% | -0.13% | -5.00% | +0.72% | n/a |
| Median Price | $469,688 | $470,950 | $474,132 | $491,762 | $481,190 |
| Med Price Change | -0.27% | -0.68% | -3.72% | +2.20% | n/a |
| Avg Bedrooms | 2.31 beds | 2.3 beds | 2.35 beds | 2.39 beds | 2.32 beds |
| Avg Bathrooms | 2.09 baths | 2.07 baths | 2.11 baths | 2.18 baths | 2.16 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Stephen Decatur | 139 | $775,878 | 117 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 313 | $680,250 | 98 days |
| Distressed Homes | 2 | $352,450 | 37 days |
| Multi-Million Dollar Homes | 44 | $2,097,823 | 190 days |
| Newly Built Homes | 13 | $883,300 | 210 days |
| Homes with a Pool | 8 | $2,854,963 | 165 days |
| Reduced Price Homes | 7 | $505,557 | 80 days |
