Ocean City Market Update

As of: May 17, 2017

Single FamilyCondosMulti FamilyLand and Commercial
Year to Date
Current Active Listings 167 441 56 44 708
Currently Under Contract 43 126 12 7 188
Year to Date Sold 81 254 9 16 360

Following is a compilation of sold information from the past 7 years.  For more specific information, email info@goldcoastsir.com.

Single Family

2011201220132014201520162017
Number 195 184 183 210 229 225 81
Avg. Price $770,287 $845,234 $766,746 $801,297 $791,341 $757,392 $917,898
% of Price Change -1.3% +9.7% -9.3% +4.5% -1.2% -4.3% +21.2%

Condos

2011201220132014201520162017
Number 493 628 543 575 611 606 254
Avg. Price $480,768 $489,153 $490,763 $504,469 $495,890 $488,054 $540,322
% of Price Change +0.8% +1.7% +0.3% +2.8% -1.7% -1.6% +10.7%

Multiple Family

2011201220132014201520162017
Number 28 35 36 30 30 45 9
Avg. Price $545,871 $642,185 $522,050 $677,987 $554,726 $773,308 $849,552
% of Price Change -31.5% +17.6% -18.7% +29.9% -18.2% +39.4% +9.9%

Land & Commercial

2011201220132014201520162017
Number 21 27 30 36 35 35 16
Avg. Price $618,642 $805,997 $429,513 $400,337 $560,542 $539,582 $1,240,562
% of Price Change +34.1% +30.3% -46.7% -9.3% +40.0% -3.7% +129.9%

Annual Totals

2011201220132014201520162017
Number 737 874 792 851 912 911 360
Avg. Price $563,773 $580,034 $553,634 $579,429 $576,761 $570,646 $664,136
% of Price Change 0.0% +2.9% -4.6% +4.7% -4.6% -1.1% +16.4%

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