Ocean City Home Prices & Values

$475,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -1.5% 1-year change
  • -5.3% 1-year forecast

The median home value in Ocean City is $475,200. Ocean City home values have declined -1.5% over the past year and Zillow predicts they will fall -5.3% within the next year. The median list price per square foot in Ocean City is $379, which is higher than the Ocean City Metro average of $290. The median price of homes currently listed in Ocean City is $499,900 while the median price of homes that sold is $472,900.

Foreclosures will be a factor impacting home values in the next several years. In Ocean City 0.7 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Ocean City is 23.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Ocean City homeowners underwater on their mortgage is 6.4%.

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Relative ZHVI
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Ocean City Market Overview

Data through Jul 31, 2014
  • $475,200 ZHVI
  • -5.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $499,900 Median listing price
  • $472,900 Median sale price
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Ocean City Market Health

Data through Jul 31, 2014
  • 3.6/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 6.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 23.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes Ocean City
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Longport $697,500 Sea Isle City $600,700 Margate City $421,300
Linwood $253,000 Upper Township $252,200 Ventnor City $249,500
Northfield $197,900 Egg Harbor Township $192,400 Somers Point $187,700

Listings & Sales

Data through Jul 31, 2014
  • $379 Median list price / sq ft
  • $327 Median sale price / sq ft
  • 37.2% Listings with price cut
24.6%
Sold below listing
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Ocean City Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,673 Ocean City
$1,632 Ocean City Metro
$1,318 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No recent data Rent list price / sq ft
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