April 29th Ocean City Real Estate Market Report

Weekly Ocean City Real Estate Market Report for the week of April 22 – April 28.

New Listings in Ocean City Maryland

Twenty-eight properties came on the market last week in Ocean City Maryland with an average list price of $348,800.

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Under Contract in Ocean City Maryland

Last week fourteen properties went under contract in Ocean City Maryland. The average time on market before going pending was 19 days. The average list price of these properties was $327,600. Eleven properties where on the market 30 days or less.

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Sold Listings in Ocean City Maryland

Fifty-two properties sold last week in Ocean City with an average sales price of $416,900. The average time on market was 29 days and they sold for 99.7% of the list price.

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Condos and Homes for Sale in Ocean City Maryland

Currently, there are 152 active listings in Ocean City, which includes condos, single family houses, townhomes and duplexes.  Short Sales and foreclosures in Ocean City make up 1.3% of available residential properties. Mortgage rates were around 3.125% on a 30 year fixed conventional loan.