The Central Ocean City housing market is somewhat competitive. The median sale price of a home in Central Ocean City was $706K last month, down 9.92% since last year. The median sale price per square foot in Central Ocean City is $754, up 11.7% since last year.
What is the housing market like in Central Ocean City today?
In May 2024, Central Ocean City home prices were down 9.92% compared to last year, selling for a median price of $706K. On average, homes in Central Ocean City sell after 73 days on the market compared to 68 days last year. There were 50 homes sold in May this year, down from 53 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$706,250
-9.92% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Central Ocean City, NJ
$706,250
-9.92%
United States
To compare other locations to the Central Ocean City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Ocean City add value to a home.
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How hot is the Central Ocean City housing market?
Central Ocean City is somewhat competitive. Homes sell in 72 days.
0
100
32
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 72 days.
Hot homes
can sell for around list price and go pending in around 40 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.7%
+1.5 pt YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Central Ocean City, NJ
98.7%
+1.5 pt
United States
Home offer insights for Central Ocean City
Explore recent offers and recently sold homes in Central Ocean City
Recent offers
View houses in Central Ocean City that sold recently
Learn about schools in the Central Ocean City area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Central Ocean City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Central Ocean City.
Risk Factor
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central Ocean City has an extreme risk of flooding. 4,605 properties in Central Ocean City are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Central Ocean City. Flood risk is increasing slower than the national average.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Central Ocean City has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Central Ocean City is most at risk from hurricanes. 5,117 properties in Central Ocean City have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 141 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 161 mph.
99% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Central Ocean City has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Central Ocean City have a Severe Heat Factor®.
Central Ocean City is expected to see a 128% increase in the number of days over 97ºF over the next 30 years. Central Ocean City is expected to experience 7