Weekly Ocean City Real Estate Market Report for the week of December 8 – December 14.

New Listings in Ocean City Maryland

Thirteen properties came on the market last week in Ocean City Maryland with an average list price of $528,500.

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Under Contract in Ocean City Maryland

Last week seventeen properties went under contract in Ocean City Maryland. The average time on market before going pending was 39 days. The average list price of these properties was $422,900. Nine properties where on the market 30 days or less.

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Sold Listings in Ocean City Maryland

Ten properties sold last week in Ocean City with an average sales price of $565,800. The average time on market was 29 days and they sold for 97.1% of the list price.

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Condos and Homes for Sale in Ocean City Maryland

Currently, there are 197 active listings in Ocean City, which includes condos, single family houses, town homes and duplexes.  Short Sales and foreclosures in Ocean City make up .5% 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 12/8/22 through 12/14/22.