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2019 Ocean City Market Round-Up

Eric Booth

Eric is a fourth generation full-time real estate agent. His family founded a real estate company in Ocean City NJ in 1928, Hager Real Estate...

Eric is a fourth generation full-time real estate agent. His family founded a real estate company in Ocean City NJ in 1928, Hager Real Estate...

Jan 13 2 minutes read

If selling your home is on the list of your new year resolutions, it's important to have a good understanding of what happened in Ocean City, NJ in 2019 so you know what to expect in 2020.

Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home.

Our 2019 Ocean City market round-up is an easy way to understand and showcase everything you need to know about local real estate trends.

2019  Ocean City Market Round-Up

1022

Homes Sold

82

Average Days on Market

1761

New Listings

$669,191

Average Sales Price

5.26

Months of Supply


Homes Sold

95.26%

Sale-to-List Price


# of Homes Sold 1022

  • Single-Family: 225
  • Condo's: 729
  • Multi-Family: 41
  • Commercial: 11
  • Land & Lots: 16

 

# Average Days On Market 82

  • Single-Family: 87
  • Condo's: 82
  • Multi-Family: 63
  • Commercial: 173
  • Land & Lots: 36

 

# New Listings 1761

  • Single-Family: 421
  • Condo's: 1174
  • Multi-Family: 107
  • Commercial: 29
  • Land & Lots: 30

 

$ Average Sales Price $669,191

  • Single-Family: $938,825
  • Condo's: $579,322
  • Multi-Family: $705,718
  • Commercial: $961,900
  • Land & Lots: $677,296

 

# Months Of Supply 5.26

  • Single-Family: 5.92
  • Condo's: 4.65
  • Multi-Family: 8.5
  • Commercial: 15.38
  • Land & Lots: 8.27

 

% Homes Sold Sale-To-List Price 95.26%

  • Single-Family: 95.43%
  • Condo's: 95.88%
  • Multi-Family: 92.99%
  • Commercial: 80.81%
  • Land & Lots: 90.90%

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