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Ocean City and Ocean Pines Market Report

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

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Property Search
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875

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885

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Ocean City
There are currently 875 condos, townhomes
and homes for sale in Ocean City, which is a
17% decrease from 2015.

952

Active Listings

Listing
Volum
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Search All Ocean City Listings

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Search All Ocean Pines Listings

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Ocean Pines
There are currently 178 homes, condos and
townhomes for sale in Ocean Pines, which is a
19% decrease from 2015.

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Active Listing Prices


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Ocean City
The average price of active listings in Ocean
City is currently $341,000 and the median
listing price is $285,000. The average listing
price for the year in Ocean City is $340,000,
which is down slightly from 2015.

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Ocean Pines
The average price of active listings in Ocean
Pines is currently $361,000 and the median
listing price is $284,000. The average active
listing price for the year in Ocean Pines is
$349,000, 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.

134

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57

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101
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68
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View Ocean Citys Sold Listings

57

94

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113

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128

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92

Ocean City
134 Ocean City properties went to settlement
during June bringing the total number of closed
listings for the year to 575, which represents a
5% increase in activity over 2015.

133

Sold Listing Volume

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Ocean Pines
43 Ocean Pines properties went to settlement
during June bringing the total number of closed
listings for the year to 197, which represents an
11% increase in market activity over 2015.

43

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Sold Listing Prices


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266

295

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267

298

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293

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266

307

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400

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294

Ocean City
The average sold price of Ocean City listings
that went to settlement during June was
$272,000 and the median sold price was
$225,000. The average sold price for the year
in Ocean City is $285,000, which is down by
1% from 2015

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217

269

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187

210

198

230

218

250

246

270

260

290

275

310

293

330

247

Ocean Pines
The average sold price of Ocean Pines listings
that went to settlement during June was
$280,000 and the median sold price was
$238,000. The average sold price for the year
in Ocean Pines is $250,000, which is a 2%
decrease from 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 June was $238. The
average sold price per square foot for the year
in Ocean City is $243, which is down by 2%
from 2015.

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Ocean Pines
The average sold price per square foot in
Ocean Pines during June was $150. The
average sold price per square foot for the year
in Ocean Pines is $144, which is a 1%
decrease from 2015.

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128

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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 S O D D J F M A M J
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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 10 months, which is a 2 month
improvement from 2015.

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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 S O N D J F M A M J
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Ocean Pines
The absorption rate in Ocean Pines currently
stands at 5 months, which is a 3 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

94%

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100%
94%

Ocean City
Ocean City properties that went to settlement
during Junes sold on average at 94% 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%
90%
88%
86%
84%
82%
80%

97%

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95%

96%

98%

95%

100%

96%

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

96%

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 S O N D J F M A M J
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94%
92%
90%
88%
86%
84%
82%
80%
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 S O N D J F M A M J
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201

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169
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0

160

Ocean City
Ocean City properties that went to settlement
during June averaged 201 days on the market.
Average days on market for the year in Ocean
City are 193, which is a 9% increase over
2015.

194

Average Days on Market

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 S O N D J F M A M J
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250

92

Ocean Pines
Ocean Pines properties that went to settlement
during June averaged 108 days on market.
Average days on market for the year in Ocean
Pines are 108, which is a 29% improvement
over 2015.

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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
109 Ocean City properties went under contract
during June bringing the total number of
pending listings for the year to 640, which
represents a 10% increase in activity over
2015.

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Under Contract Listing Volume

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View Pending Sales in Ocean Pines

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Ocean Pines
32 Ocean Pines properties went under contract
during June bringing the total number of
pending listings for the year to 206, which
represents a 6% increase in activity over 2015.

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Ocean City
The average price of properties that went under
contract in Ocean City during June was
$295,000 and the median pending listing price
was $252,000. The average price of properties
that have gone under contract in Ocean City
during 2016 is $299,000, which is a 4%
decrease from 2015.

340

Under Contract Listing Prices

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 S O N D J F M A M J
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303
260

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262

Ocean Pines
The average price of Ocean Pines properties
that went under contract during June was
$303,000 and the median pending listing price
was $212,000. The average pending listing
price for the year in Ocean Pines is $270,000,
which is a 2% increase over 2015.

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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
130 new properties were listed in Ocean City
during June bringing the total number of new
listings for the year to 887, which is down
slightly from 2015.

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61

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130

196
111

155

157

142

140

123

126

183

183
146

167

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View Ocean Citys New Listings

126

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114

150

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149

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View Ocean Pines New Listings

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Ocean Pines
42 new properties were listed in Ocean Pines
during June bringing the total number of new
listings for the year to 276, which is a 3%
increase over 2015.

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New Listing Prices

334

300

351

327

340

334

314

297

317

317

334

358

360
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321

343

333

360
286

336

312

336

370
307

344

328

296

334

370

301

289

329

363

394
325

400

372

500

341

Ocean City
The average price of new listings in Ocean City
during June was $334,000 and the median new
listing price was $280,000. The average new
listing price for the year in Ocean City is
$331,000, which is a 2% decrease from 2015.

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100
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 S O N D J F M A M J
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382
303

357

357

364

299

318

285

300

292

333

329

309

307

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327

353
302
262

268

281

318

325

204

300

264

276

325

334

324

361
315

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280

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360

500

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Ocean Pines
The average price of new listings in Ocean
Pines during June was $382,000 and the
median new listing price was $305,000. The
average new listing price for the year In Ocean
Pines is $344,000, which is an 11% increase
over 2015.

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