Ocean City Real Estate Trends & Statistics

Ocean City Median List Price

$499,900

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Ocean City Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	782	792	1%	781
Median List Price	$499,900	$499,999		$547,900	9%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	-	-		-
Median DOM	112	109	3%	128	12%
Median House Size	3,600	3,036	19%	1,368	163%
Median $/Sqft	$466/sqft	$465/sqft		$416/sqft	12%

	Today	1 Month Ago		1 Year Ago
Total Inventory	189	185	2%	179	6%
Median List Price	$719,000	$729,900	1%	$885,000	19%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	1%	-		-
Median DOM	106	92	15%	109	3%
Median House Size	3,860	3,600	7%	2,142	80%
Median $/Sqft	$499/sqft	$479/sqft	4%	$457/sqft	9%

	Today	1 Month Ago		1 Year Ago
Total Inventory	593	607	2%	602	1%
Median List Price	$464,900	$469,900	1%	$499,000	7%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	-	-		-
Median DOM	116	118	2%	136	15%
Median House Size	1,050	1,050		1,368	23%
Median $/Sqft	$433/sqft	$357/sqft	21%	$381/sqft	14%

Ocean City Market Data

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	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	49	36	81	96	117	150	148
New Listings	62	78	161	139	156	157	126
Sold/Expired	98	123	159	119	143	118	153

	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	16	8	21	23	27	39	40
New Listings	18	9	32	41	44	42	40
Sold/Expired	25	25	42	26	24	26	44

	11/12	12/12	1/13	2/13	3/13	4/13	5/13
Price Reductions	33	28	60	73	90	111	108
New Listings	44	69	129	98	112	115	86
Sold/Expired	73	98	117	93	119	92	109

Ocean City, New Jersey real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Ocean City homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Ocean City. Movoto is your comprehensive source for Ocean City property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Ocean City, NJ Market Overview

Inventory: 782 Recently Sold: 153 New Listings: 126 Distressed: 0

Ocean City's home resale inventories decreased slightly, with a 1 percent decrease since May 2013. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in June. The median listing price in Ocean City stayed the same from May to June. There were a total of 24 price increases and 148 price decreases.

Updated: 06/01/2013

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Nearby Homes for Sale

221 Bayshore Dr, Ocean City, NJ