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Ocean City, MD Real Estate & Property Data

Ocean City Real Estate Market Trends

Last Updated: April 25, 2024

Accurate and comprehensive real estate data is critical for insight into Ocean City, MD. ATTOM’s Ocean City real estate data is updated daily, and current market trends show that in Ocean City, MD a total of 1,441 residential properties have sold over the past year. With a median home price of $575,000 in Ocean City and a total of 1 foreclosures. Get detailed property data for Ocean City, MD instantly. ATTOM is your one-stop-shop for the Ocean City property reports and real estate data you need in Ocean City, MD.

Ocean City Real Estate Market Trends

Get property data for any address in Ocean City, MD 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 Real Estate Overview

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

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 Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

21842
$461,453 $228.96/sqft

Ocean City, MD Foreclosure Activity

There were a total of 1 Ocean City, MD 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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