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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899

862

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974

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879
931

976

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1028

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Ocean City
There are currently 899 homes, condos and
townhomes for sale in Ocean City, which is an
8% decrease from 2015.

1004

Active Listings

Listing
Volum
e

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Search All Ocean City Listings

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155

185

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Search All Ocean Pines Listings

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177

Ocean Pines
There are currently 155 condos, homes and
townhomes for sale in Ocean Pines, which is a
23% decrease from 2015.

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Active Listing Prices

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346

Ocean City
The average price of active real estate listings
in Ocean City is currently $350,000 and the
median listing price is $295,000. The average
listing price for the year in Ocean City is
$341,000, which is down slightly from 2015.

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362

500

309

Ocean Pines
The average price of active Ocean Pines real
estate listings is currently $350,000 and the
median listing price is $273,000. The average
listing price for the year in Ocean Pines is
$348,000, which is a 4% 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.

86

92

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112

134

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102
71
57

58

80

89

101
88

84

99
77
59

53

72

63

101

95

87

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87
68
41

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View Ocean Citys Sold Listings

54

80

57

67

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92

Ocean City
90 Ocean City properties went to settlement
during October bringing the total number of
sold listings for the year to 955, which
represents a 4% increase in market activity
over 2015.

133

Sold Listing Volume

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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 S O
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Ocean Pines
43 Ocean Pines properties went to settlement
during October bringing the total number of
sold listings for the year to 332, which
represents a 7% increase in market activity
over 2015.

33

43
28

31

43

27

25

26

31

34

40

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25

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12

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View Ocean Pines Sold Listings

14

22

30

27

40

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39

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42

60

10
0
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 S O
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Sold Listing Prices

500

275

308

295

271

272

289

282

324
266

295

277

287

299
258

281

301

285

291

286

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286

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288

325
251

267

298

263

293

295

275

263

300

260

266

350

307

400

277

450
307

Ocean City
The average sold price in Ocean City during
October was $275,000 and the median sold
price was $243,000. The average sold price
for the year in Ocean City is $286,000, which is
the same as it was through this point in 2015.

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273

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228

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217
187

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231

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293

330

218

Ocean Pines
The average sold price in Ocean Pines during
October was $273,000 and the median sold
price was $246,000. The average sold price
for the year in Ocean Pines is $258,000, which
is up slightly from 2015.

303

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 S O
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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 October was $241. The
average sold price per square foot for the year
in Ocean City is $245, which is a 1.6%
decrease from 2015.

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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 S O
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Ocean Pines
The average sold price per square foot in
Ocean Pines during October was $143. The
average sold price per square foot for the year
in Ocean Pines is $146, which is down slightly
from 2015.

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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 S O
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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 10 months, which is a one month
improvement over 2015.

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5
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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 one and a half
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

Sold to List Price Ratios

95%

97%

96%
94%

96%

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96%

94%

93%

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94%

97%

95%

98%

95%

99%

96%

100%

94%

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

93%
92%
91%
90%

97%

96%

97%

97%

96%

97%

98%
96%

95%

95%

96%

96%

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97%

97%

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95%

94%

95%

95%

96%

95%

97%

94%

98%

96%

99%

96%

98%

100%

95%

Ocean Pines
Ocean Pines properties that went to settlement
during October 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.

97%

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 S O
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94%
93%
92%
91%
90%
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 S O
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181
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141

Ocean City
Ocean City properties that went to settlement
during October averaged 181 days on the
market. Average days on market for the year
in Ocean City are 183, which is a 9% increase
over 2015.

263

Average Days on Market

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250

89

Ocean Pines
Ocean Pines properties that went to settlement
during October averaged 101 days on the
market. Average days on market for the year
in Ocean Pines are 101, which is a 25%
decrease from 2015.

50
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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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74
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Ocean City
80 Ocean City properties went under contract
during October bringing the total number of
pending listings for the year to 1033, which
represents a 2% increase in market activity
over 2015.

124

Under Contract Listing Volume

20
0
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Ocean Pines
39 Ocean Pines properties went under contract
during October bringing the total number of
pending listings for the year to 352, which
represents a slight increase in market activity
over 2015.

20
9

View Pending Sales in Ocean Pines

10
0
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Under Contract Listing Prices

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301

349
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308

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282

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309

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354
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328
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294

Ocean City
The average price of Ocean City properties that
went under contract during October was
$260,000 and the median pending listing price
was $238,000. The average pending listing
price for the year in Ocean City is $299,000,
which is a slight decrease from 2015.

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271

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236

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233

191

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236

300

285

350

285

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235

Ocean Pines
The average price of Ocean Pines properties
that went under contract during October was
$283,000 and the median pending listing price
was $227,000. The average pending listing
price for the year in Ocean Pines is $273,000,
which is a slight decrease from 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
156 new properties were listed in Ocean City
during October bringing the total number of
new listings for the year to 1452, which is a 2%
decrease from 2015.

156

143

135

131

138

130

196
155

111
79
61

58

71

100

157

183
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140

123

126

183
146

167

89

148

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153

136

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View Ocean Citys New Listings

133

123

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250

50
0

34

37

46

42

48

62
52

45

45

41

16

11

24

35

38

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53

41

36

36
24

19

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30

39

27

33

34

25

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View Ocean Pines New Listings

41

50

41

60

51

56

70

52

66

80

51

Ocean Pines
34 new properties were listed in Ocean Pines
during October bringing the total number of
new listings for the year to 441, which is a
slight decrease from 2015.

67

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 S O
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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 S O
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New Listing Prices

363

331

364

339

334

300

351

327

340

334

314

297

317

317

334

360

358

316

321

343

333

360
286

336

336

312

370
307

344

328

296

334

370
301

329

400

363

500

289

Ocean City
The average price of new Ocean City listings
during October was $363,000 and the median
new listing price was $289,000. The average
new listing price for the year in Ocean City is
$338,000, which is a slight increase over 2015.

300

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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 S O
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266

375
296

382
303

357

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364
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333

329

309

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353

327

302
262

268

318

281

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264

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361

500

280

Ocean Pines
The average price of new Ocean Pines listings
during October was $287,000 and the median
new listing price was $226,000. The average
new listing price for the year in Ocean Pines is
$329,000, which is a 5% increase over 2015.

200

100
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