Property prices for sale in Ocean City (Maryland)

The prices in real estate in Ocean City, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

$535,038.5
Average price last 6 months
$450.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Ocean City has remained the same in the last 6 months. In September, the average price per sq.feet was $457. In October this price pretty much remained the same at a value of $444 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $450.5 to $460 per sq.feet. 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 $455.25 to $441 during January y February

Average price

Based upon to the price in Ocean City (cities), this has fallen considerably in the last 6 months. The average price for September is $615,795. During October the price had a slight fall till $546,389. During the following two months (November, December) the average price fell 93 % 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 87 %, going from $559,354.5 to $486,406.5 in January and February.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $483,570 they are 41 % more affordable than the average price for Ocean City. The properties with the highest average price have 4 bedrooms, Their price is 102 % more costly than the average. After that we have properties with 3 bedrooms priced at $608,754.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $412 / sq.feet, with an average $442 / sq.feet price in Ocean City. The properties with the highest average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $448 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $483,570 it is 5 % cheaper than the average price in Ocean City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $999,069 it is 184 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $416 / sq.feet followed by "Townhouse" priced at $435 / sq.feet. "Land" is the most costly type of property with a $55,895 / sq.feet cost followed by "Condo" with an average price of $460 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Ocean City
Number of properties used in region Maryland
$483,570
$442
9,720
418,250
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value