Weekly Ocean City Real Estate Market Report for the week of May 11 – May 17.
New Listings in Ocean City Maryland
Under Contract in Ocean City Maryland
Last week twenty-nine properties went under contract in Ocean City Maryland. The average time on the market before going pending was 43 days. The average list price of these properties was $568,300. Sixteen properties were on the market 30 days or less.
Sold Listings in Ocean City Maryland
Nineteen properties sold last week in Ocean City with an average sales price of $448,400. The average time on the market was 89 days and they sold for 96.5% of the list price.
Condos and Homes for Sale in Ocean City Maryland
Currently, there are 195 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 6.5% 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 5/11/23 through 5/17/23.