Adam D'Annunzio

Ocean City, NJ

Condos/Townhomes

Keller Williams Realty Jersey Shore



Ocean City, NJ

Sat Sep 21 2019
This week the median list price for Ocean City, NJ is $573,200 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has held steady at or around 360. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Ocean City, NJ

Sat Sep 21 2019
This week the median list price for Ocean City, NJ is $573,200 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has held steady at or around 360. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Ocean City market.
Median List Price $573,200
Per Square Foot $462
Days on Market 109
Price Decreased 29%
Price Increased 2%
Relisted 10%
Inventory 360
Median Apartment Rent $1,600
Most Expensive $4,875,000
Least Expensive $48,900
Market Action Index
Slight Buyer's Advantage
28

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
$1,039,450 1,728 - 4 3 13 5 3 107
$659,900 1,416 - 3 2 15 5 3 97
$489,900 1,166 0.25 - 0.5 acre 3 2 32 8 9 94
$249,900 711 2.5 - 5 acres 1 1 44 4 7 137