Ocean City, NJ Market Report Q1 2025
Table of Contents
4
Overall Market Summary
10
Single Family Market
12
Condominium Market
16
Featured Properties
For the first quarter of 2025, fewer properties sold in Ocean City, NJ compared to the first quarter of 2024. A total of 116 properties sold between January 1st and March 31st. These included all residential single-family homes, condominiums, multi-family dwellings, commercial and vacant land property. The reported 2025 first quarter properties sold were 13.4% fewer than same period last year when 134 properties sold. The median sold price was significantly higher for the first quarter of 2025. There was a substantial increase of 24.5% from the same period last year with 2025 reporting the median sold price of $1,244,000 versus $999,999 in the first quarter of 2024. The chart below tracks total properties sold in the first quarters 2020 through 2025. The total sold volume in Q1 2025 was $174,063,199. This was a 7.3% reduction as compared to Q1 2024’s $187,844,296 total sold volume.
2024
2025
% Change
134
116
-13.4%
Total Properties Sold
Median Sale Price
Total Sold Volume
$187,844,296
$174,063,199
-7.3%
Ocean City, NJ Market Summary First Quarter 2025
$999,999
$1,244,000
+24.5%
Single-Family Homes Sold
$1,555,000
$2,100,000
+35%
Ocean City, NJ Single Family Homes First Quarter 2025
$72,475,999
$83,824,000
+15.71%
37
0.0%
Single-family home sales held steady during the first quarter of 2025 with 37 homes sold. Last year’s first quarter also reported 37 single-family homes being sold. Although there was a parity in single-family homes sold in the first quarters of 2024 and 2025, the median sale price shows an impressive 35% increase in 2025 over the same period last year. First quarter 2025 median sale price was $2,100,000; first quarter 2024 was $1,555,000. Single-family homes in Ocean City continue to be very desirable. Total sales volume in the first quarter of 2025 was $83,824,000, representing a 15.71% increase over first quarter of 2024’s sales volume of $72,475,999.
3117 Central Avenue Presented by Ryan Huck cell: 609.425.8824
$96,657,797
$85,740,199
-11.3%
Twelve fewer condominiums sold in the first quarter of 2025 resulting in a 13.6% decline in condominiums sold compared to the first quarter of 2024. In Q1 2025, 76 properties sold; in Q1 2024 88 properties sold. In Q1 2025 the median condominium sale price increased 12.3% over Q1 2024. In the first quarter of 2025, the median sale price was $977,450 as compared to the first quarter of 2024 median sale price of $870,000. The total condominium sales volume of Ocean City in the first quarter of 2025 is 11.3% less than the same period in 2024; $85,740,199 in Q1 2025 versus $96,657,797 in Q1 2024.
Condominiums Sold
$870,000
$977,450
+12.3%
88
76
-13.6%
Ocean City, NJ Condominiums First Quarter 2025
215 Limpet Drive Presented by Midge Grunstra cell: 609.412.0710
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Offered by:
Kevin McGonigle, Sales Associate email: kevin.mcgonigle@sothebysrealty.com cell: 609.226.6046
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322 Boardwalk #406
Burton Wilkins III, Broker/Owner email: b@burtonwilkins.com cell: 609.464.2571
Burton Wilkins, Broker/Owner email: burt@goldcoastsir.com cell: 609.513.2500
Ocean City, New Jersey
Midge Grunstra, Broker/Sales Associate email: midge@goldcoastsir.com cell: 609.412.0710
215 Limpet Drive Blue Water Condominium
$874,500
$849,000
1219 Wesley Avenue, 2nd Floor
615 E. 16th Street, 1st Floor
Peter Madden, Broker/Owner email: pete@petemadden.com cell: 609.513.4781
Emily Wilkins, Broker/Owner email: emily@goldcoastsir.com cell: 609.513.2029
550 Hands Mill Road
Belleplain, New Jersey
Somers Point, New Jersey
$2,500,000
1301 Harbour Cove South
$675,000
Maura McCray email: maura@goldcoastsir.com cell: 609.425.0330
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Data Source: South Jersey Shore Regional Multiple Listing Service. Information contained in this report is deemed accurate but not guaranteed.
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200 34th Street | Ocean City, NJ 08226 o: 609.399.2500 www.goldcoastsir.com