Sales Numbers Rise in West Ocean City Real Estate Market

The West Ocean City market reported improvement in this week's report, as the number of home sales climbed 25.0%, pushing the total to five homes sold over the last 30 days. To put it in perspective, close-by Ocean City registered 86 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in West Ocean City, with the median for this period rising from $299,250 to $373,500. Despite the uptick in sales, there are still 13 months of inventory left to work through, meaning West Ocean City is still a definite buyer's market.

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Demographic facts about West Ocean City:

  • The percentage of the population who own their homes is 54.3%.
  • The one-year job growth rate in this area is 2.17%.
  • The student-to-teacher ratio is 13.2:1. (15.3:1 = national average)

Data reported through 1/11/2017

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Ask a local expert about this area:
Coldwell Banker Residential Brokerage
Snapped 3 homes in this area
Berkshire Hathaway HomeServices PenFed Realty
Snapped 1 home in this area
TTR Sotheby's International Realty
Snapped 1 home in this area

Agents that specialize in this area
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