Ocean City, MD Foreclosures
How much do homes sell for in Ocean City, MD?
The average home price is currently $510,498.
In Ocean City, MD, how many homes are available?
There are currently 17 active home listings available in Ocean City.
What’s the average rental cost in Ocean City, MD?
The average rental price in Ocean City is $1,284.
What is the most expensive home in Ocean City?
The most expensive home sold in Ocean City had a price of $35,204,544.
What is currently the cheapest priced home in Ocean City, MD?
The cheapest home for sale in Ocean City is priced at $10,017.
Living in Ocean City, MD
Nestled along the Atlantic coast, Ocean City, Maryland, is a vibrant beach town known for its picturesque boardwalk, fine dining, and numerous outdoor activities. This bustling seaside resort attracts families, retirees, and tourists alike, offering a perfect blend of relaxation and excitement. From world-class fishing and water sports to beachcombing and sunbathing, Ocean City is a destination that promises memorable summer experiences.
Current Market Conditions in Ocean City, MD
Ocean City's real estate market has remained robust as it experiences a surge of interest from both buyers and investors, driven by its appealing coastal lifestyle. As an established resort city, property values have appreciated steadily, making it an attractive destination for real estate investment. Incentives for vacation rental properties are increasing, sparking a rise in short-term rental investments.
The demand for residential real estate in the area continues to be high, particularly for properties that offer proximity to the beach and boardwalk. The local market is characterized by a diverse range of home types, from oceanfront condos to older beach houses, which attract both permanent residents and vacationers.
Trends indicate that more people are seeking second homes in Ocean City, contributing to a competitive market dynamic, especially in peak summer months when tourist activity peaks.
Home Value Estimator For Ocean City, MD
There are currently 35,272 real estate properties
in Ocean City, MD,
with a median automated valuation model (AVM) price
of $432,100.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ocean City, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ocean City, MD,
is $510,498.00, with the most expensive house
in Ocean City, MD, topping out
at $35,204,544.00 and the cheapest home
in Ocean City, MD,
clocking in at $10,017.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ocean City, MD!
Rent Prices
In Ocean City, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ocean City, MD, is on
a rollercoaster ride. The
average rent price in Ocean City, MD,
is $1,284.00. Indeed, when looking to rent in
Ocean City, MD, you can expect to pay as little
as $720.00 or as much
as $4,260.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Ocean City, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
