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Featured local agent — Ocean City, NJ
Sarah Mitchell
Compass Real Estate · Ocean City, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ocean City, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.15Mmedian sale price
How is the Ocean City, NJ housing market right now?
The median home sale price in Ocean City, NJ is $1.15M, down 4.3% year-over-year. Homes sell in an average of 81 days with 311 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Ocean City a buyer's or seller's market?
Ocean City, NJ is currently a buyer's market, based on 5.7 months of supply and homes selling in about 81 days. How we determine this →
Homes sold
55
Last 12 weeks
Days on market
81
Average pace
Active listings
311
5.7 months supply
Sale-to-list
97.4%
Below asking
What does the Ocean City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.15M |
| Median list price | $1.40M |
| Year-over-year price change | -4.3% |
| Average days on market | 81 days |
| Active inventory | 311 listings |
| Months of supply | 5.7 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $885/sq ft |
| Homes sold (latest month) | 55 |
| New listings (latest month) | 75 |
| Listings with a price cut | 11.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Ocean City by property type?
How the Ocean City, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.49M | $922/sq ft | 15 | 107 days |
| Condo / Co-op | $1.05M | $836/sq ft | 35 | 77 days |
| Townhouse | $1.75M | $830/sq ft | 4 | 163 days |
Source: Redfin · Updated monthly
The Ocean City housing market is currently classified as a buyer's market with a median sale price of $1.15M. Prices have fallen 4.3% compared to last year, with homes spending an average of 81 days on market, indicating 5.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 10.9x provides context for how home values compare to local earning capacity.
Homes for sale in Ocean City
There are currently 311 homes listed for sale in Ocean City, New Jersey. The median listing price is $1.4M.
Active listings
311
Homes on market
Median list price
$1.4M
Avg. days on market
81
Days until sale
New this week
75
Newly listed
Who lives in Ocean City?
Population
11,260
Median income
$101,782/yr
Median age
57.3 years
Owner-occupied
72.4%
College grads
54.7%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Ocean City?
Zillow home value
$1.11M
Zillow rent index
$1,850/mo
Price-to-rent ratio
50.2x
Price-to-income
10.9x
Source: Zillow Research
What is it like to live in Ocean City?
Ocean City is a community of approximately 11K residents with a median age of 57.3 years.The median household income is $101,782, which reflects a relatively affluent area with strong earning potential. 54.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 72.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ocean City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ocean City?
3 schools tracked · 1,836 students
The largest public schools serving Ocean City, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Ocean City High School
Grades 9-12 · 1,190 students
Ocean City Intermediate School
Grades 4-8 · 355 students
Ocean City Primary School
Grades PK-3 · 291 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Ocean City, NJ?
Want a head-to-head view? Compare Ocean City side-by-side with any other U.S. city using our market-comparison tool.
Is Ocean City a good real estate investment market?
For investors evaluating Ocean City, the price-to-rent ratio of 50.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Ocean City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Ocean City's median home price.
Frequently asked questions
What is the average home price in Ocean City?
The median home sale price in Ocean City is $1.15M, down 4.3% from last year.
How long do homes stay on market in Ocean City?
Homes typically spend 81 days on market before going under contract.
What is the median income in Ocean City?
The median household income is $101,782 per year.
Is Ocean City a buyer's or seller's market?
With 5.7 months of supply, Ocean City is currently a buyer's market.
What is the Zillow home value estimate for Ocean City?
The Zillow Home Value Index (ZHVI) for Ocean City is $1.11M, representing the typical home value in the area.
What is the median condo price in Ocean City?
The median condo/co-op sale price in Ocean City, NJ is $1.05M, compared to $1.49M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Ocean City?
The median single-family home price in Ocean City, NJ is $1.49M (about $922 per square foot).
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