Ocean City Market Update

As of:  April 14, 2022


Single FamilyCondosMulti FamilyLand/ Commercial
Current Year to Date
Current Active Listings 73 96 17 25 211
Currently Under Contract 45 132 5 13 195
Year to Date Sold 48 178 7 4 237

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

Single Family

201420152016201720182019202020212022
Number21023622922623922531921948
Avg. Price$801,297$791,341$752,525$843,179
$890,908
$938,825$1,170,781$1,408,314$1,709,079
% of Avg. Price Change+4.5%-1.2%-4.9%+12.0%
+5.7%
+5.4%+24.7%+20.3%+21.4%

Condos

201420152016201720182019202020212022
Number575612612732
689736900888178
Avg. Price$504,469$495,728$485,634$530,906
$547,543
$576,936$632,884$722,975$834,191
% of Avg. Price Change+3.1%-1.7%-2.0%+9.3%
+3.1
+5.4%+9.7%+14.2%+15.4%

Multiple Family Homes


201420152016201720182019202020212022
Number30304441404242457
Avg. Price$677,987$554,726$782,929$757,712$725,493$700,820
$999,972$1,278,692$1,192,857
% of Avg. Price Change+29.9%-18.2%+41.1%-3.2%-4.3%-3.4%
+42.7%+27.9%-6.7%

Land & Commercial

201420152016201720182019202020212022
Number363232
32
222737194
Avg. Price$400,337$592,578
$581,575
$1,015,593
$859,387
$793,246$907,336$972,815$670,000
% of Avg. Price Change-6.8%+48.0%
-1.9%
+74.6%
-15.4%
-7.7%+14.4%+7.2%-31.1%

Annual Totals

201420152016201720182019202020212022
Number851910
917
1031
990103012981171237
Avg. Price$579,429$577,743
$569,897
$623,421
$644,556
$666,711$784,781$876,556$1,018,573
% of Avg. Price Change+4.9%
-0.3%
-1.4%
+9.4%
+3.4%
+3.4%+17.7%+11.7%+16.2%

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