Weekly Ocean City Real Estate Market Report for the week of May 30– June 5.
New Listings in Ocean City Maryland
Twenty-seven properties came on the market last week in Ocean City Maryland with an average list price of $494,100.
Click to see New Listings this week in Ocean City
Under Contract in Ocean City Maryland
Last week thirty-two properties went under contract in Ocean City Maryland. The average time on the market before going pending was 47 days. The average list price of these properties was $563,100. Seventeen properties were on the market 30 days or less.
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Sold Listings in Ocean City Maryland
Twenty-six properties sold last week in Ocean City with an average sales price of $467,600. The average time on the market was 79 days and they sold for 98% of the list price.
Click to see what Sold this week in Ocean City
Condos and Homes for Sale in Ocean City Maryland
Currently, there are 357 active listings in Ocean City, which includes condos, single family houses, town homes and duplexes. Short Sales and foreclosures in Ocean City make up 0.3% of available residential properties. Mortgage rates were around 7% on a 30-year fixed conventional loan.
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Information compiled by Inc. is deemed to be reliable but is not guaranteed © 2016 MLS and FBS. Based on information from the Coastal Association of Realtors® for the period 5/30/24 through 6/5/24.
