Weekly Ocean City Real Estate Market Report for the week of August 18 – August 24.

New Listings in Ocean City Maryland

Forty-one properties came on the market last week in Ocean City Maryland with an average list price of $524,600.

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Under Contract in Ocean City Maryland

Last week twenty-nine properties went under contract in Ocean City Maryland. The average time on market before going pending was 26 days. The average list price of these properties was $517,400. Twenty properties where on the market 30 days or less.

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Sold Listings in Ocean City Maryland

Twenty-seven properties sold last week in Ocean City with an average sales price of $445,600. The average time on market was 22 days and they sold for 98.6% of the list price.

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Condos and Homes for Sale in Ocean City Maryland

Currently, there are 166 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% of available residential properties. Mortgage rates were around 5.25% 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 8/18/22 through 8/24/22.