Ocean City, NJ 08226 Market Update – August 2025
August’s real estate market update for Ocean City (ZIP code 08226) shows that conditions remain a seller-leaning market but are trending toward balance. The latest data from Realtors Property Resource® highlight key shifts in inventory, pricing and sales momentum.
The market gauge still leans toward the seller’s side but is moving closer to neutral. There were about 3.69 months of inventory available in August. Homes sold for about 97.6% of their list price (a 0.48% monthly increase), and the median days on market was 27 – about a 30.77% increase. The median sold price across single-family, condo and townhome properties was $1,225,000, down 3.54% from the previous month.
The median estimated property value in Ocean City was $1,071,000 in August, slightly lower than July (-0.8%) but still 3.5% higher than a year ago. The longer-term trend shows local values well above those for Cape May County, New Jersey and the U.S., although the rate of growth has moderated.
New and Active Listings
New listings posted a median list price of $1,199,950 (11.1% higher month over month) with 96 properties coming to market. The median price per square foot was $917 and the total new‑listing volume reached $156.1 million. On the active‑listing side, there were 207 active listings, down 5.5%, with a median of 58 days on market and a median price per square foot of $888.
Pending Sales
he median list price for new pending contracts was $1,200,000, down 4% month over month, with 69 properties going under contract. These homes spent a median of 28 days on market. The broader pool of pending listings showed a median list price of $1,289,450, with 124 properties in escrow (up 7.8% from July). The median days on market fell to 27 and the total pending volume rose to $215.9 million.
Closed Sales
Fifty‑three properties sold in August, 32.5% more than in
Fifty-three properties sold in August, 32.5% more than in July. These homes closed at a median price of $1,225,000 and at 97.59% of their list price. The median sold price per square foot was $777 and total closed volume reached $68.9 million.
Inventory Supply
Months’ supply of inventory sits at about 3.69 months. While this metric is down 6.6% from July and 15% from a year ago, it still indicates limited supply relative to demand
Bottom Line
Ocean City’s real estate market remains robust, with strong buyer interest keeping prices elevated. However, signs of moderation—particularly in the month‑over‑month decline in sold prices and the modest increase in inventory—suggest a gradual shift toward a more balanced market. Sellers should continue to price competitively to attract motivated buyers, while buyers may find slightly more negotiation room as inventory rises. Stay tuned for next month’s update to see how these trends develop.