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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Ocean City
There are currently 1014 condos, townhomes
and homes for sale in Ocean City, which is a
10% decrease from 2014.

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Listing
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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 201 townhomes, condos
and homes for sale in Ocean Pines, which is a
17% decrease from 2014.

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Active Listing Prices

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Ocean City
The average price of active listings in Ocean
City is currently $352,000 and the median
active listing price is $289,000. The average
listing price for the year in Ocean City is
$347,000, which is up slightly over 2014.

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Ocean Pines
The average price of active listings in Ocean
Pines is currently $339,000 and the median
active listing price is $280,000. The average
listing price for the year in Ocean Pines is
$335,000, which is up slightly over 2014.

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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.

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View Ocean Citys Sold Listings

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Ocean City
88 properties went to settlement in Ocean City
during September bringing the total number of
closed properties for the year to 813, which
represents a 9% increase in activity over 2014.

133

Sold Listing Volume

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Ocean Pines
32 Ocean Pines properties went to settlement
during September bringing the total number of
sold properties for the year in Ocean Pines to
272, which represents a 30% increase in
activity over 2014.

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Sold Listing Prices

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Ocean City
The average price of Ocean City properties that
went to settlement during September was
$299,000 and median sold price was $258,000.
The average sold price for the year in Ocean
City is $290,000, which is a 3% increase over
2014.

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Ocean Pines
The average price of sold listings in Ocean
Pines during September was $259,000 and the
median sold listing price was $214,000. The
average sold listing price for the year in Ocean
Pines is $254,000, which is a 5% increase over
2014.

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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 for
settled properties in Ocean City during
September was $257. The average sold price
per square foot for the year in Ocean City is
$250, which is a 3% increase over 2014.

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Ocean Pines
The average sold price per square foot for
closed listings in Ocean Pines during
September was $162. The average sold price
per square foot for the year in Ocean Pines is
$147, which is down slightly from 2014.

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Absorption Rates
Ocean City
The absorption rate in Ocean City currently
stands at 12 months, which is a 2 month
improvement from this point in 2014.

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Ocean Pines
The absorption rate in Ocean Pines currently
stands at 7 months, which is a 3 month
improvement from September of last year.

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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

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Ocean City
Properties that went to settlement in Ocean
City during September 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 a one percent increase over 2014.

95%

Sold to List Price Ratios

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93%

Ocean Pines
Properties that went to settlement in Ocean
Pines during September 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 2014.

96%

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0

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Ocean City
Properties that went to settlement in Ocean
City during September averaged 161 days on
the market. Average days on market for the
year in Ocean City are 168, which is a 5%
decrease from 2014.

249

Average Days on Market

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Ocean Pines
Properties that went to settlement in Ocean
Pines during September averaged 90 days on
the market. Average days on the market for
the year in Ocean Pines are 138, which is a
10% increase over 2014.

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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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Ocean City
108 properties went under contract in Ocean
City during September bringing the total
number of pending listings for the year to 914,
which represents an 11% increase in activity
over 2014.

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Under Contract Listing Volume

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Ocean Pines
52 Ocean Pines properties went under contract
in September bringing the total number of
pending listings for the year in Ocean Pines to
310, which represents a 15% increase in
activity over 2014.

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Ocean City
The average price of properties that went under
contract in Ocean City during September was
$303,000 and the median pending listing price
was $286,000. The average price of properties
that have gone under contract for the year in
Ocean City is $303,000, which is a 6%
increase over 2014.

292

Under Contract Listing Prices

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Ocean Pines
The average price of properties that went under
contract in Ocean Pines during September was
$302,000 and the median pending listing price
was $272,000. The average price of properties
that have gone under contract for the year in
Ocean Pines is $276,000, which is an 8%
increase over 2014.

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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

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View Ocean Citys New Listings

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Ocean City
183 new properties were listed in Ocean City
during September bringing the total number of
new listings for the year to 1342, which is a 3%
increase over 2014.

189

New Listing Volume

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View Ocean Pines New Listings

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Ocean Pines
41 new properties were listed in Ocean Pines
during September bringing the total number of
new listings for the year to 399, which is a 3%
increase over 2014.

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New Listing Prices

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Ocean City
The average price of new listings in Ocean City
during September was $317,000 and the
median new listing price was $283,000. The
average new listing price for the year in Ocean
City is $338,000, which is unchanged from
2014.

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Ocean Pines
The average price of new listings in Ocean
Pines during September was $292,000 and the
median new listing price was $271,000. The
average new listing price for the year in Ocean
Pines is $313,000, which is down slightly from
2014.

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