Ocean City home values have climbed 34.06% over the past year, outpacing Cape May County’s 42.86% gain on a higher price base. Typical homes now come in around $1,299,000, well above the county’s $800,000 level. Even with that strong yearly growth, values slipped 9.79% from the prior month, showing some cooling after big run-ups.
In February 2026, the median list price reached about $1,374,450, up 11.07% month over month, while typical values dipped, suggesting sellers are still testing higher price points. Buyers also saw more options, with inventory at 283 homes, a 13.65% monthly increase, though still 6.6% lower than a year earlier. Homes spent a median of 105 days on the market, rising 6.06% from the previous month and 10.53% year over year, which combined with an 8.6 months of supply and a market gauge of 66 points to clear buyer leverage.
Looking ahead to March 2026, typical values are projected around $1,228,500, while the median list price is expected to edge higher to about $1,442,925 as inventory grows to roughly 300 homes. Only 12.12% of recent sales closed above list and the average sale-to-list ratio hovered near 96.7%, so pricing power appears to be moderating for sellers while creating room to negotiate for buyers. In this kind of buyer-leaning market with shifting prices and fewer pending sales, both buyers and sellers can benefit from Agent Pronto’s help in finding a local real estate agent who understands Ocean City’s latest trends.
