Is Ocean City, MD 21842 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Ocean City is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score16/ 100

More competitive than 9% of U.S. ZIP codes, and #235 of 241 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply5.6Under 4 months = seller’s market
Sold above original list9.4%Share of sales, last 3 months
Median sale-to-list97.1%Sold price ÷ list price
Median days on market80Listing to accepted offer
Median price per sq ft$437▲ +0.8% vs. last year

The Ocean City housing market right now

In the three months ending August 31, 2026, 9% of homes in Ocean City, MD 21842 sold above their list price, the typical home went under contract in 80 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 286 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold faster (84 days then) and the median sale price rose 6% to $449,805. Overall, Ocean City is more competitive than a year ago, so tougher for buyers.

Within Worcester County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Ocean City ranks #235 of 241 MD ZIP codes with enough sales (score 16 out of 100).

Nearby, buyers who want less competition could look at Stockton 21864 (0% sold over asking) or Newark 21841 (0% sold over asking), while Pocomoke City 21851 (30% sold over asking) and Bishopville 21813 (25% sold over asking) are even more competitive.

Nearby markets

Berlin 21811Balanced $265 /sq ftBishopville 21813Seller’s market $240 /sq ftGirdletree 21829 $157 /sq ftNewark 21841Buyer’s market $180 /sq ft Browse all markets →

Where Ocean City is

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Questions about Ocean City real estate

Is Ocean City a buyer’s or seller’s market?

A balanced market: there were 5.6 months of supply in Ocean City, MD 21842 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Ocean City?

The typical home went under contract in 80 days in the latest three months.

Do homes in Ocean City sell over asking?

9% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.

What are property taxes in Ocean City?

About 0.73% of a home’s value a year in Worcester County, or roughly $2,920 on a $400,000 home.

What is the median home price in Ocean City?

The median sale price was $449,805 in the three months ending August 31, 2026, about $437 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology