Adam D'Annunzio

Ocean City, NJ

Condos/Townhomes

Keller Williams Realty Jersey Shore



Ocean City, NJ

Fri Dec 14 2018
This week the median list price for Ocean City, NJ is $519,450 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 422. Click here to stay informed with the Ocean City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 Dec 14 2018
This week the median list price for Ocean City, NJ is $519,450 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has held steady at or around 422. Click here to stay informed with the Ocean City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $519,450
Per Square Foot $438
Days on Market 134
Price Decreased 29%
Price Increased 3%
Relisted 11%
Inventory 422
Median Apartment Rent
Most Expensive $4,775,000
Least Expensive $52,900
Market Action Index
Slight Buyer's Advantage
27

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
$1,095,000 1,260 - 4 3 11 1 4 148
$649,000 1,360 - 3 2 16 5 8 114
$441,450 1,116 0 - 4,500 sqft 3 2 32 2 5 112
$234,200 900 - 1 1 43 8 7 162