Is Ocean City, NJ 08226 a buyer’s or seller’s market?

The Ocean City housing market right now

In the three months ending August 31, 2026, 12% of homes in Ocean City, NJ 08226 sold above their list price, the typical home went under contract in 82 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 155 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (76 days then) and the median sale price fell 5% to $1,114,518. Overall, Ocean City is less competitive than a year ago, which gives buyers more room.

Within Cape May County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Ocean City ranks #441 of 444 NJ ZIP codes with enough sales (score 17 out of 100).

Nearby, buyers who want less competition could look at Stone Harbor 08247 (0% sold over asking) or Cape May Point 08212 (0% sold over asking), while Rio Grande 08242 (33% sold over asking) and Cape May Court House 08210 (25% sold over asking) are even more competitive.