Adam D'Annunzio

Ocean City, NJ

Single-Family Homes

Keller Williams Realty Jersey Shore



Ocean City, NJ

Tue May 26 2020
This week the median list price for Ocean City, NJ is $1,169,500 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 106. 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

Tue May 26 2020
This week the median list price for Ocean City, NJ is $1,169,500 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 106. 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 $1,169,500
Per Square Foot $623
Days on Market 182
Price Decreased 28%
Price Increased 3%
Relisted 18%
Inventory 106
Median Rent $2,600
Most Expensive $4,750,000
Least Expensive $319,900
Market Action 25
Slight Buyer's Advantage

The market seems to have paused around this plateau. 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
$2,424,500 3,206 4,500 - 6,500 sqft 5 5 5 0 1 282
$1,447,000 2,010 0 - 4,500 sqft 5 3 16 0 0 202
$899,900 2,175 4,500 - 6,500 sqft 4 3 19 3 2 120
$530,000 1,288 0 - 4,500 sqft 3 2 83 3 3 127