Ocean City, NJ
Housing market overview · Updated weekly
$1.30Mmedian sale price
Homes sold
33
Last 12 weeks
Days on market
105
Average pace
Active listings
283
8.6 months supply
Sale-to-list
96.7%
Below asking
The Ocean City housing market is currently classified as a buyer's market with a median sale price of $1.30M. Prices have fallen 2.5% compared to last year, with homes spending an average of 105 days on market, indicating 8.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Ocean City?
The median home sale price in Ocean City is $1.30M, down 2.5% from last year.
How long do homes stay on market in Ocean City?
Homes typically spend 105 days on market before going under contract.
Is Ocean City a buyer's or seller's market?
With 8.6 months of supply, Ocean City is currently a buyer's market.
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