Ocean City and Ocean Pines Market Report

nick@dwellinoc.com
443-614-9179

www.DwellinOC.com

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Listing
Volum
Active Listings e
Ocean City
There are currently 844 homes, condos and 1400

1143

1130

1126
1113

1112
1108

1107
1105
1104

1095

1091
1073
1062

1059
1054
townhomes for sale in Ocean City, which is a

1041
1028
1014
1005
1200

990
985

976

963
945

974
931
4% decrease in inventory from 2016.

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864
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844
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Search All Ocean City Listings
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Ocean Pines
There are currently 127 homes, condos and
262

300
257

257
251

241

235
townhomes for sale in Ocean Pines, which is
229

228

221
220

216
210

250

207
205

202
201
unchanged from 2016.

185
185
179

178
171

171
169

169
167

164

164

164
200

155

155
149
147

144
139

127
Search All Ocean Pines Listings

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0
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Active Listing Prices

Ocean City
The average price of active real estate listings 550
in Ocean City is $359,000 and the median 500
listing price is $298,000. The average listing 450

364
359
price in Ocean City is currently up by 7% over
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356
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351

350
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350
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2016. 350
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Ocean Pines
The average price of active real estate listings 550
in Ocean Pines is currently $349,000 and the 500
median listing price is $272,000. The average 450
367

listing price in Ocean Pines is currently up by

362

361
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359

352
350

349
348

345
342

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340
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339

339

339
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400
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331

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8% over 2016.
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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.

Sold Listing Volume

Ocean City
66 Ocean City properties went to settlement 160

134
133

131
128
during January, which represented a 16% 140

115
113

112
increase in market activity over 2016.

101

101

100
102
120

99
95

92

92

90
89
88
87

87

86
84
100

80
79

77
View Ocean Citys Sold Listings

72

71

71
68

66
63
80

59

58

57
54

53
60
41

40
20
0
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Ocean Pines
19 Ocean Pines properties went to settlement 60
during January, which was down by 27% from 50

43
43
42
January of last year.

40
39

37
34
40
33
33

33
32

32

32

32
31

31

31

31

31
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30

30
29
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28
View Ocean Pines Sold Listings

27
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25

25
25

25
30

19
17
14

20
12

10

0
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Sold Listing Prices

Ocean City
500
The average sold price in Ocean City during
January was $283,000 and the median sold 450

price was $230,000. The average sold price 400

325

324

308
303

301

299
298

represents a 2% increase over 2016.

295

295

295
293

293

291

289
288

350
287
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285

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277

277
275

275
272
271
267

266
263

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258

252
251

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100
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Ocean Pines
316
303

The average sold price of Ocean Pines 330

293

281

310
280

properties that went to settlement during

279

277
276

273
270
269

268
267
263

262

290
260

259

January was $281,000 and the median sold

255
254

254
253
253
252

252
249
247

270
price was $229,000. The average sold price
233

233

233
231

228
227

224

250
220

218

saw a 25% increase over January of 2016.

217

230
187

210
190
170
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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 350
Ocean City during January was $240, which

265
261
was a 3% increase over 2016.

260
259
300

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Ocean Pines
The average sold price per square foot in 250
Ocean Pines during January was $158, which
was a 22% increase over 2016.
170

169
200

162

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Absorption Rates
Ocean City
The absorption rate in Ocean City currently 30
stands at 9 months, which is a 1 month 25
improvement over 2016.
20
15
14 14 14 14 14 14 14
13 13 13 13 13 13
15 12 12 12 12 12 12 12
11 11 11 11
10 10 10 10 10 10
9 9 9 9 9 9
10

0
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Ocean Pines
12 11 11 11
The absorption rate in Ocean Pines currently 10 10 10
stands at 4 months, which is unchanged from 10 9
8 8 8 8 8
2016. 7 7 7 7 7 7
8 6.5 6.5
6 6 6 6
6 5 5 5 5 5 5 5 5
4 4 4 4 4
4

0
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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

Ocean City 100%
Ocean City Properties that went to settlement 99%

97%
during January sold on average at 94% of the 98%

96%

96%
96%

96%

96%

96%
listings price, which was unchanged from 2016. 97%

95%
95%
95%

95%

95%
95%

95%

95%
95%

95%
95%
95%
95%
95%

95%

95%

95%
96%

94%
94%
94%

94%
94%

94%

94%
94%

94%

94%

94%

94%
95%

93%
94%
93%
92%
91%
90%
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Ocean Pines 100%

98%

98%

98%
Ocean Pines properties that went to settlement 99%

97%
97%
97%

97%
97%

97%
97%

97%
97%

97%
during January sold on average at 96% of the 98%

96%
96%
96%

96%

96%

96%
96%

96%
96%

96%

96%

96%

96%

96%

96%
96%
96%
listing price, which was a one-percentage 97%
95%

95%

95%

95%

95%
increase over 2016. 96%
94%

94%
95%
94%
93%
92%
91%
90%
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Average Days on Market

Ocean City
Ocean City properties that went to settlement
263

300
244

during January averaged 180 days on the

205

201
200

market, which was an 8% increase over 2016.

198

198

250
195

194
194

194
190

188
184
181

181

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180
178

174
170

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200
147
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Ocean Pines 250

197

Ocean Pines properties that went to settlement

185

169

during January averaged 133 days on the

164

200
157

156
150
143

market, which was a 43% increase over 2016.

138
134

133
130

130
125

122

122
118

116
115

114

150
110

110
108
101

100
98
97

96

95
93

92
90

90

87

85
84

100
68

50

0
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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

Under Contract Listing Volume

Ocean City

128
82 Ocean City properties went under contract

130
124
140

119

113
113
112

110

110
during January, which was a 4% decrease from

109
108

108
106

104
120

99

99
97

97
2016.

96
95

90

90
86

85

85
100

82

82
80

80
78
77

71

69
80
View Pending Sales in Ocean City

57

50
60

42
33
40
20
0
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Ocean Pines
28 Ocean Pines properties went under contract 60

52
during January, which was a slight decrease 50

43

41
from 2016.

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40 33

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View Pending Sales in Ocean Pines

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Under Contract Listing Prices

Ocean City
The average price of Ocean City properties that 500
went under contract during January was 450
354

$311,000 and the median pending sale price

349

400
328

322
321

320
320

319

315

314

311
309
308

308
306
304

304

was $237,000. The average pending sale price

301
300

300
296

295
294
293

292
291

287
285

350
282

282
281

281
272

271

260

represented a 2% increase over 2016.

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Ocean Pines
The average price of Ocean Pines properties 400
that went under contract during January was
307

307
303
302

350
296
293
290
285

285

$262,000 and the median pending sale price

284

283
283
281

281
276

276

275
273
271

264
262

262

262
261
260

260

254
252

252

was $239,000. The average pending sale price 300

249
245
243

243
238

236
233

222

saw a 18% increase over 2016. 250

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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
135 new properties were listed in Ocean City 250

196
during January, which was a 22% increase

183

183
167
over 2016. 200

164

157

156
153

153
150
150

155
148

146
145

143
142
140
140

138
136

135

135
133

131
130
126

126

123
150

111
110
View Ocean Citys New Listings

105
89

79
100

70
61
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50

0
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Ocean Pines
33 new properties were listed in Ocean Pines 80

67
66

during January, which was a 38% decrease

62
70
56

from 2016.

53
52

52
60

51
51

51

48
46
45

45

42
50
41

41

41

41
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37
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View Ocean Pines New Listings

34
33

33
40
27

24

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24
30
21

19

19
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20

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10
0
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New Listing Prices

Ocean City
The average new listing price in Ocean City 500
during January was $315,000 and the median

385
370

370

364
363

363
360

360
358

351

new listing price was $275,000, both of which

344

343

340

339
336

336

400
334

334

334

334
333

331
328

327
321

320
317
317
316

315
314
312
307

were down slightly from 2016.

300
297
296

286

300

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100
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Ocean Pines
The average new listing price in Ocean Pines 500

during January was $312,000 and the median

382
375
364
361

357
357
353

new listing price was $251,000, both of which 400

334

333
329
327
325

325
324

318

318
315

312
309
307
306

303
302

300

299

were down slightly from 2016.

296

294
292

287
285
281

277
276

268

266
264

262

300

200

100
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