The prices in real estate in Ocean City, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Ocean City has increased during the last 6 months. In April, the average price per sq.feet was $277. In May this price pretty much remained the same at a value of $273 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 129 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $314.25 to $300.5 during August y September
Based upon to the price in Ocean City (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $399,746. In May This price remains at $413,452. During the following two months (June, July) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $444,231.5 to $393,200 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $407,273 they are 60 % more affordable than the average price for Ocean City. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at $512,050.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $275 / sq.feet, with an average $306 / sq.feet price in Ocean City. The properties with the lowest average prices have 2 bedrooms. They are 2 % cheaper than the average followed by properties with 1 bedroom with a price at $288 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $407,273 it is 20 % cheaper than the average price in Ocean City. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $533,062 it is 51 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $299 / sq.feet followed by "Condo" priced at $300 / sq.feet. "Land" is the most costly type of property with a $5,906 / sq.feet cost followed by "Townhouse" with an average price of $330 / sq.feet.