Ocean City Market Update

As of:  May 27, 2022


Single FamilyCondosMulti FamilyLand/ Commercial
Current Year to Date
Current Active Listings 73 112 18 24 227
Currently Under Contract 40 1027 14 163
Year to Date Sold 78 277 9 7 371

Following is a compilation of sold information from the past 8 years.  For more specific information, email info@goldcoastsir.com.

Single Family

201420152016201720182019202020212022
Number21023622922623922531921978
Avg. Price$801,297$791,341$752,525$843,179
$890,908
$938,825$1,170,781$1,408,314$1,827,172
% of Avg. Price Change+4.5%-1.2%-4.9%+12.0%
+5.7%
+5.4%+24.7%+20.3%+29.7%

Condos

201420152016201720182019202020212022
Number575612612732
689736900888277
Avg. Price$504,469$495,728$485,634$530,906
$547,543
$576,936$632,884$722,975$826,344
% of Avg. Price Change+3.1%-1.7%-2.0%+9.3%
+3.1
+5.4%+9.7%+14.2%+14.3%

Multiple Family Homes


201420152016201720182019202020212022
Number30304441404242459
Avg. Price$677,987$554,726$782,929$757,712$725,493$700,820
$999,972$1,278,692$1,170,266
% of Avg. Price Change+29.9%-18.2%+41.1%-3.2%-4.3%-3.4%
+42.7%+27.9%-8.5%

Land & Commercial

201420152016201720182019202020212022
Number363232
32
222737197
Avg. Price$400,337$592,578
$581,575
$1,015,593
$859,387
$793,246$907,336$972,815$686,714
% of Avg. Price Change-6.8%+48.0%
-1.9%
+74.6%
-15.4%
-7.7%+14.4%+7.2%-29.4%

Annual Totals

201420152016201720182019202020212022
Number851910
917
1031
990103012981171371
Avg. Price$579,429$577,743
$569,897
$623,421
$644,556
$666,711$784,781$876,556$1,042,469
% of Avg. Price Change+4.9%
-0.3%
-1.4%
+9.4%
+3.4%
+3.4%+17.7%+11.7%+18.9%

Email any questions you may have about real estate. One of our professional agents will respond promptly.