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Ocean City/Bay Area Home Values and Market Report

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Report prepared by Buyandsellocnj.com The Selby Realty Group

Market at a glance

Over the last 12 months, homes sold for 96.7% of list price in 61 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $1.3M Sold · $1.3M
$3.6M$2.6M$1.6M$600K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 7 sales in Nov. Last month: 4.

Where the market stands

All homes in this report, by status.

63homes
Active22 · 35%
Sold (12 mo)41 · 65%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

5.3months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$2.08M
Sold$1.54M

Average days on market

Active108 days
Sold61 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 22
Average list price $2,075,595
Avg. days on market 108 days
Avg. price per ft² $1,068 Based on 12 of 22 homes
Avg. living area 1,981 ft² Based on 12 of 22 homes
Avg. beds / baths 3.6 / 3.2

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

10 homes didn’t report living area and aren’t shown.

$15M$10M$5M$0

Price vs. living area: 12 homes plotted, up to $15M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

3 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

117 W 17th Street$3,136
144 Bay Road$2,115
29 Sunset Pl$1,211
37 Bayonne Pl$1,013
536 Bay Ave Unit #2$982
1211 Pleasure$844
613 Whelk Dr Unit #613$746

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
Between 7th & 8th StreetOcean City, NJ 08226 ———$60,000—10 days
536 Bay Ave Unit #2Ocean City, NJ 08226 321,220$1,199,000$98221 days
1241 Bay Ave Unit #noneOcean City, NJ 08226 32—$799,000—23 days
29 Sunset PlOcean City, NJ 08226 542,600$3,150,000$1,21128 days
1211 PleasureOcean City, NJ 08226 331,776$1,499,900$84429 days
613 Whelk Dr Unit #613Ocean City, NJ 08226 221,005$749,900$74630 days
134 Reef Dr Unit #134Ocean City, NJ 08226 321,388$825,000$59442 days
9 W 6th Street Unit #9Ocean City, NJ 08226 442,108$1,099,000$52164 days
1574 Pleasure Ave Unit #2Ocean City, NJ 08226 43—$2,999,900—65 days
424 Simpson Ave Unit #424Ocean City, NJ 08226 33—$749,900—61 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than The Selby Realty Group are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.

Information is deemed accurate but not guaranteed.

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All rights reserved.