Ocean City, NJ Housing Market & Real Estate

Buyer's market-2.5% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Ocean City, NJ is $1.30M, down 2.5% year-over-year. Homes sell in an average of 105 days with 283 active listings. The market is currently a buyer's market.

$1.30Mmedian sale price

Is Ocean City a buyer's or seller's market?

Buyer's market8.6 months of supply105 avg. days on market

Ocean City, NJ is currently a buyer's market, based on 8.6 months of supply and homes selling in about 105 days. How we determine this →

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

Ocean City, NJ market data

Current housing market statistics for Ocean City, NJ
MetricValue
Median sale price$1.30M
Median list price$1.37M
Year-over-year price change-2.5%
Average days on market105 days
Active inventory283 listings
Months of supply8.6 months
Sale-to-list price ratio96.7%
Market conditionBuyer's market

Source: Redfin · Updated weekly

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

Homes for sale in Ocean City

There are currently 283 homes listed for sale in Ocean City, New Jersey. The median listing price is $1.4M.

Active listings

283

Homes on market

Median list price

$1.4M

Avg. days on market

105

Days until sale

New this week

84

Newly listed

Price drops:7.4%of listings
Sale-to-list:96.7%

Top public schools in 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

Public

Ocean City Intermediate School

Grades 4-8 · 355 students

Public

Ocean City Primary School

Grades PK-3 · 291 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

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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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