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Ocean City and Ocean Pines Market Report

nick@dwellinoc.com
443-614-9179
www.DwellinOC.com

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Ocean City
There are currently 862 condos, townhomes
and homes for sale in Ocean City, which
represents a 16% decrease in inventory from
2015.

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Active Listings

Listing
Volum
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Search All Ocean City Listings

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Search All Ocean Pines Listings

185

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Ocean Pines
There are currently 185 homes, condos and
townhomes for sale in Ocean Pines, which
represents a 14% decrease in inventory from
2015.

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Active Listing Prices


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Ocean City
The average price of active real estate listings
in Ocean City is currently $343,000 and the
median listing price is $289,000. The average
listing price for the year in Ocean City is
$340,000, which is a 2% decrease from 2015.

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362

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Ocean Pines
The average price of active real estate listings
in Ocean Pines is currently $361,000 and the
median listing price is $281,000. The average
listing price for the year in Ocean City is
$352,000, which is a 5% increase over 2015.

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Ocean City and Ocean Pines Market Report


nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Listing Updates Get new listings that match your specifications delivered to your inbox.

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View Ocean Citys Sold Listings

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Ocean City
86 Ocean City properties went to settlement
during August bringing the total number of sold
listings for the year in Ocean City to 753, which
represents a 4% increase in market activity
over 2015.

133

Sold Listing Volume

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Ocean Pines
31 Ocean Pines properties went to settlement
during August bringing the total number of sold
listings for the year in Ocean Pines to 256,
which represents a 7% increase in activity over
2015.

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Sold Listing Prices


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289

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307

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Ocean City
The average sold price in Ocean City during
August was $295,000 and the median sold
price was $277,000. The average sold price
for the year in Ocean City is $285,000, which is
a slight decrease from 2015.

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Ocean Pines
The average sold price in Ocean Pines during
August was $277,000 and the median sold
price was $235,000. The average sold price
for the year in Ocean Pines is $257,000, which
is a slight increase over 2015.

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Ocean City and Ocean Pines Market Report


nick@dwellinoc.com
443-614-9179
www.DwellinOC.com
Sold Listings View MLS reports for recently sold properties, sorted by property location

Average Sold Price/Sq. Ft.


Ocean City
The average sold price per square foot in
Ocean City during August was $258. The
average sold price per square foot for the year
in Ocean City is $244, which is a 2% decrease
from 2015.

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A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
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Ocean Pines
The average sold price per square foot in
Ocean Pines during August was $143. The
average sold price per square foot for the year
in Ocean Pines is $147, which is a slight
increase over 2015.

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A S O N D J F M A M J J A S O N D J F M A M J J A S O D D J F M A M J J A
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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 9 months, which is a 3 month
improvement from 2015.

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A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
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Ocean Pines
The absorption rate in Ocean Pines currently
stands at 6 months, which is a one month
improvement from 2015.

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Ocean City and Ocean Pines Market Report


nick@dwellinoc.com
443-614-9179
www.DwellinOC.com

Property Values Get a current market valuation of your property emailed to you

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Ocean City
Ocean City properties that went to settlement
during August sold on average at 97% of the
listing price. The average sold to list price ratio
for the year in Ocean City is 95%, which is
unchanged from 2015.

95%

Sold to List Price Ratios

94%
92%
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86%
84%

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100%
95%

Ocean Pines
Ocean Pines properties that went to settlement
during August sold on average at 97% of the
list price. The average sold to list price ratio for
the year in Ocean Pines is 96%, which is
unchanged from 2015.

96%

80%

#VAL
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82%

94%
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0

104

Ocean City
Ocean City properties that went to settlement
during August averaged 153 days on the
market. Average days on market for the year
in Ocean City are 188, which is an 11%
increase over 2015.

169

Average Days on Market

A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
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109

Ocean Pines
Ocean Pines properties that went to settlement
during August averaged 85 days on market.
Average days on market for the year in Ocean
Pines are 100, which represents a 31%
improvement over 2015.

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A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
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Ocean City and Ocean Pines Market Report


nick@dwellinoc.com
443-614-9179
www.DwellinOC.com

Community Pages Find all of the relevant information for each OC market area in one place

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View Pending Sales in Ocean City

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Ocean City
104 Ocean City properties went under contract
during August bringing the total number of
pending listings for the year to 854, which
represents a 6% increase in activity over 2015.

124

Under Contract Listing Volume

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View Pending Sales in Ocean Pines

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Ocean Pines
36 Ocean Pines properties went under contract
during August bringing the total number of
pending listings for the year to 272, which
represents a 5% increase in activity over 2015.

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Ocean City
The average price of Ocean City properties that
went under contract during August was
$281,000 and the median pending listing price
was $249,000. The average pending listing
price for the year in Ocean City is $303,000,
which is down slightly from 2015.

312

Under Contract Listing Prices

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285

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Ocean Pines
The average price of Ocean Pines properties
that went under contract during August was
$261,000 and the median pending listing price
was $226,000. The average pending listing
price for the year in Ocean Pines is $268,000,
which is a 2% decrease from 2015.

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100
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Ocean City and Ocean Pines Market Report


nick@dwellinoc.com
443-614-9179
www.DwellinOC.com

Blog Articles View helpful articles that can assist you with buying and selling real estate

New Listing Volume


Ocean City
135 new properties were listed in Ocean City
during August bringing the total number of new
listings for the year to 1153, which is down
slightly from 2015.

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196
155

111
79
61

71

157

183
142

140

123

126

183
146

167

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148

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153

136

145

140
110

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View Ocean Citys New Listings

133

150

123

149

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136

250

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0

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42

48

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52

45

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41

16

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View Ocean Pines New Listings

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Ocean Pines
48 new properties were listed in Ocean Pines
during August bringing the total number of new
listings for the year to 370, which is a 3%
increase over 2015.

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New Listing Prices

364

339

334

300

351

327

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334

314

297

317

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334

360

358

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321

343

333

360
286

336

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312

370
307

344

328

296

334

370
301

289

329

400

363

394

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325

Ocean City
The average price of new listings in Ocean City
during August was $364,000 and the median
new listing price was $285,000. The average
new listing price for the year in Ocean City is
$336,000, which is down slightly from 2015.

300

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100
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
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375
296

382
303

357

357

364
299

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285

300

292

333

329

309

307

306

353

327

302
262

268

318

281

325

204

300

264

276

325

334

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361
315

280

400

336

360

500

285

Ocean Pines
The average price of new listings in Ocean
Pines during August was $296,000 and the
median new listing price was $232,000. The
average new listing price for the year in Ocean
Pines is $342,000, which is an 8% increase
over 2015.

200

100
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