Adam D'Annunzio

Ocean City, NJ

Single-Family Homes

Keller Williams Realty Jersey Shore



Ocean City, NJ

Fri Mar 29 2024
This week the median list price for Ocean City, NJ is $2,495,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has increased to 80. Click here to stay informed with the Ocean City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Ocean City, NJ

Fri Mar 29 2024
This week the median list price for Ocean City, NJ is $2,495,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has increased to 80. Click here to stay informed with the Ocean City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Ocean City market.
Median List Price $2,495,000
Median Price of New Listings $1,509,500
Per Square Foot $972
Average Days on Market 128
Median Days on Market 84
Price Decreased 19%
Price Increased 6%
Relisted 18%
Inventory 80
Median Rent
Market Action 26
Slight Buyer's Advantage

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,372,500 3,210 4,500 - 6,500 sqft 6 5.5 5 0 1 52
$2,774,500 3,216 4,500 - 6,500 sqft 5 4.5 1 1 2 122
$2,195,000 2,154 0 - 4,500 sqft 5 4.5 3 1 1 129
$1,150,000 1,750 4,500 - 6,500 sqft 4 2.3 8 4 2 24