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Ocean City, MD 21842 Real Estate & Property Data

Ocean City, MD 21842 Real Estate Market Trends

Last Updated: April 25, 2024

A total of 1,441 residential properties have been sold over the past 12 months in 21842. With a median sales price of $575,000 in 21842 and a total of 1 foreclosures in Ocean City, MD 21842. Discover market trends and get the granular level real estate data for Ocean City, MD 21842 to keep your pulse on the housing market. Curate compelling home reports for Ocean City, MD 21842 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Ocean City, MD 21842 Real Estate Market Trends

Get property data for any address in Ocean City, MD 21842 or the country:

Total Residential Properties 31,148

Total Commercial Properties 1,523

Avg. Home Age (Single Family Home) 37 Years

Avg. Square Feet (Single Family Home) 2,015

Total 2024 Residential Sales (year-to-date) 164

% of Homes Seriously Underwater (Q2 2024) 0.34%

Total 2023 Residential Sales 1,366

% of Equity Rich Homes (Q2 2024) 40.1%

Effective 2023 Property Tax 0.73%

Total Foreclosure Filings (year-to-date) 1

Ocean City, MD 21842 Real Estate Overview

There were 1,441 residential properties sold in the past year in Ocean City, MD 21842. The median home value in Ocean City, MD 21842 is $461,453. There are a total of 31,148 residential properties in the 21842.

Median Sales Price i

$575,000

(Feb 2024)

+17.6%

year-over-year

y-o-y

February '24 Feb '24 $575,000
January '24 Jan '24 $467,500
December '23 Dec '23 $519,500
November '23 Nov '23 $685,000
October '23 Oct '23 $517,500
September '23 Sep '23 $530,000
August '23 Aug '23 $525,000
July '23 Jul '23 $785,000
June '23 Jun '23 $522,500
May '23 May '23 $640,000
April '23 Apr '23 $505,000
March '23 Mar '23 $584,950

Median Down Payment i

$119,000

(Feb 2024)

-24.4%

year-over-year

y-o-y

February '24 Feb '24 $119,000
January '24 Jan '24 $122,500
December '23 Dec '23 $121,800
November '23 Nov '23 $210,000
October '23 Oct '23 $125,250
September '23 Sep '23 $211,750
August '23 Aug '23 $198,750
July '23 Jul '23 $290,000
June '23 Jun '23 $143,625
May '23 May '23 $200,000
April '23 Apr '23 $128,700
March '23 Mar '23 $160,062

Number of Homes Sold i

89

(Feb 2024)

-3.3%

year-over-year

y-o-y

February '24 Feb '24 89
January '24 Jan '24 75
December '23 Dec '23 96
November '23 Nov '23 119
October '23 Oct '23 128
September '23 Sep '23 117
August '23 Aug '23 104
July '23 Jul '23 89
June '23 Jun '23 156
May '23 May '23 145
April '23 Apr '23 110
March '23 Mar '23 121

Number of Purchase Loans i

50

(Feb 2024)

+2%

year-over-year

y-o-y

February '24 Feb '24 50
January '24 Jan '24 38
December '23 Dec '23 52
November '23 Nov '23 72
October '23 Oct '23 64
September '23 Sep '23 64
August '23 Aug '23 60
July '23 Jul '23 59
June '23 Jun '23 91
May '23 May '23 82
April '23 Apr '23 68
March '23 Mar '23 66

Number of REFI Loans i

16

(Feb 2024)

-40.7%

year-over-year

y-o-y

February '24 Feb '24 16
January '24 Jan '24 10
December '23 Dec '23 8
November '23 Nov '23 13
October '23 Oct '23 19
September '23 Sep '23 10
August '23 Aug '23 14
July '23 Jul '23 16
June '23 Jun '23 17
May '23 May '23 16
April '23 Apr '23 15
March '23 Mar '23 20

Number of HELOC Loans i

12

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 12
January '24 Jan '24 1
December '23 Dec '23 8
November '23 Nov '23 5
October '23 Oct '23 10
September '23 Sep '23 9
August '23 Aug '23 9
July '23 Jul '23 5
June '23 Jun '23 13
May '23 May '23 6
April '23 Apr '23 9
March '23 Mar '23 13

Ocean City, MD 21842 Real Estate Market Overview

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Ocean City, MD 21842 Foreclosure Activity

There were a total of 1 Ocean City, MD 21842 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

1

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 1
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 3
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 1
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 2
March '23 Mar '23 2

Foreclosure Starts i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 2
September '23 Sep '23 1
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 2
April '23 Apr '23 1
March '23 Mar '23 2

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 1
December '23 Dec '23 N/A
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 1
April '23 Apr '23 N/A
March '23 Mar '23 2

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