$275K  
The number of home sales in the 21842 zip code market climbed 15.1% to 99 homes over the last 30 days, coming close to the 109.8 monthly average for the last 12 months. In comparison, the nearby 21811 zip code had 47 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose to $225,000 over the latest reporting period for the 21842 zip code, up from $224,950. The 21842 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 11 months of remaining inventory.
Comments:

$105K  
The 21842 zip code market is heading toward a higher price point. While sales continued a three-week negative trend, bringing this week's numbers down to 85 homes sold over the last 30 days, price reductions have slowed to their lowest number since March, with 128 reported this week. In comparison, 21811 led all other nearby zip codes with 77 price reductions. While price reduction numbers were weak, the median sales price of homes sold came in at $224,900, which extended a downward swing in price to eight weeks. In spite of the downturn in price reductions, with prices falling and the availability of 13 months of inventory, the 21842 zip code is still a definite buyer's market.
Comments:

$135K  
With home sales in the 21842 zip code market already below average, in this week's report they dropped 10.4% to 95 homes sold over the last 30 days. Meanwhile, the 21811 zip code reported 55 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 21842 zip code, and the median sales price this period increased from $223,000 to $228,000. The 21842 zip code is a strong buyer's market, due to a big 12 months of inventory left and aided by the dip in sales.
Comments:

$939K  
The 21842 zip code has a cost of living adjustment score of 124.7, which is expensive when compared to others in Maryland. Also, the area is considered less affluent than average with a median income of $49,794 per household. The 21842 zip code is made up of homes that are considered relatively old with a median of 28 years. The best school in the zip code is Ocean City Elementary School.
Comments:

$135K  
Home sales in the 21842 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 8.8% to 104 homes sold over the last 30 days. Within the same time frame, the 21811 zip code had 63 sales, the most of all zip codes in the area. The median sales price dropped to $223,000, down from last week's $235,000. Along with the slip in sales, a relatively high 11 months of inventory indicates that the 21842 zip code is a definite buyer's market.
Comments:

$162K  
With a determined upward trend of new sellers listing homes, including 215 over the last 30 days, and sales that have fallen to 112 in that same time frame, the 21842 zip code market will be more selective. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. Prices are falling in the 21842 zip code, and this period the median price of all sales fell from $237,500 to $235,000. The 21842 zip code is a strong buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.
Comments:

$105K  
The 21842 zip code market slowed with a 7.9% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (108.7) with 117 homes sold. In comparison, the nearby 21811 zip code had 66 sales in the same time frame, the most of all neighboring zip codes. The median sales price continued to fall, trending downwards for four weeks to reach $235,000. The 21842 zip code is a definite buyer's market, with a big 10 months of inventory to choose from coupled with falling prices.
Comments:

$135K  
The 21842 zip code market pulled back with a 3.1% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (108.7) with 123 homes sold. In comparison, the nearby 21811 zip code had 68 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 21842 zip code, and for this period the median sales price slid from $249,750 to $236,000. The 21842 zip code is a strong buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
Comments:

$939K  
21842 is a larger than average zip code in Maryland with a population of 11,113 residents, and it has a higher than average density compared to the rest of the state, with 1,172.4 people per square mile. It should be noted that 12.2% of the homes in the 21842 zip code are owned, while 4.9% are rentals. The best school in the zip code is Ocean City Elementary School.
Comments:

$467K  
With an identifiable upward trend of new sellers listing homes, including 213 over the last 30 days, and sales that have fallen to 124 in that same time frame, the 21842 zip code market will be more selective. Although the strong new listing numbers suggest otherwise, months of inventory is on a four-week downward trend, this week hitting nine months. With decreasing sales and the availability of so much inventory, the 21842 zip code is a definite buyer's market.
Comments:
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