OCEAN CITY Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Ocean City averaged
6.73%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.86% and
one month ago for the week of 2023-02-09, the
average rate was 6.05%.
Ocean City's average rate one year ago was 3.27%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Ocean City 30 Year Fixed Rate | 2023-03-16 | 6.73% |
| Ocean City 30 Year Fixed Rate Refi | 2023-03-16 | 6.69% |
| Ocean City 15 Year Fixed Rate | 2023-03-16 | 6.21% |
| Ocean City 15 Year Fixed Rate Refi | 2023-03-16 | 6.69% |
| Ocean City 30 Year FHA | 2023-03-16 | 6.31% |
| Ocean City 30 Year FHA Refi | 2023-03-16 | 6.07% |
| Ocean City 30 Year USDA | 2023-03-16 | 6.47% |
| Ocean City 30 Year USDA Refi | 2023-03-16 | 6.4% |
| Ocean City 30 Year VA | 2023-03-16 | 6.05% |
| Ocean City 30 Year VA Refi | 2023-03-16 | 5.88% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within OCEAN CITY, NJ.
OCEAN CITY Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the OCEAN CITY, NJ market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
OCEAN CITY Average Closing Costs & Other Stats
OCEAN CITY, NJ's 217 lenders originated 5,370
loans during 2022. The total origination value was $2,756,070,000, with an average loan value of
$513,235.
OCEAN CITY's average closing costs are $5,666.
The top OCEAN CITY lender as defined by loan originations is Republic Bank, with
215 loans originated. Their average total fees are
$6,119, which is $69
higher than the next largest lender,
CALIBER HOME LOANS, INC..
The lowest fee OCEAN CITY lenders (with over 10 loans originated) are
POLICE & FIRE ($1,891), Columbia Bank ($4,636), MOVEMENT MORTGAGE, LLC ($5,566), Truist ($5,615) and DRAPER AND KRAMER MORTGAGE CORP. ($5,832).
The lowest rate OCEAN CITY lenders (with over 10 loans originated) are
Charles Schwab Bank, SSB (3.14%), POLICE & FIRE (3.27%), Morgan Stanley Private Bank (3.32%), Citibank (3.41%) and Republic Bank (3.51%).
OCEAN CITY, NJ Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Republic Bank | $183,320,000 | $283,080,000 | 54.4% | 10.3% |
| Citizens Bank | $302,925,000 | $151,770,000 | -49.9% | 5.5% |
| Wells Fargo Bank | $328,500,000 | $132,580,000 | -59.6% | 4.8% |
| OceanFirst Bank | $158,025,000 | $120,700,000 | -23.6% | 4.4% |
| TD Bank | $133,495,000 | $99,725,000 | -25.3% | 3.6% |
| PNC Bank | $95,765,000 | $83,215,000 | -13.1% | 3.0% |
| Valley National Bank | $141,770,000 | $82,515,000 | -41.8% | 3.0% |
| CALIBER HOME LOANS, INC. | $152,685,000 | $81,400,000 | -46.7% | 3.0% |
| Sturdy Savings Bank | $65,490,000 | $78,670,000 | 20.1% | 2.9% |
| QUICKEN LOANS, LLC | $194,340,000 | $69,935,000 | -64.0% | 2.5% |
| Crest Savings Bank | $65,165,000 | $62,230,000 | -4.5% | 2.3% |
| Bank of America | $123,780,000 | $58,690,000 | -52.6% | 2.1% |
| Morgan Stanley Private Bank | $54,810,000 | $54,275,000 | -1.0% | 2.0% |
| JPMorgan Chase Bank | $63,605,000 | $53,425,000 | -16.0% | 1.9% |
| Prosperity Home Mortgage, LLC | $122,845,000 | $53,330,000 | -56.6% | 1.9% |
| Wilmington Savings Fund Society, FSB | $53,655,000 | $49,105,000 | -8.5% | 1.8% |
| 1st Bank of Sea Isle City | $48,275,000 | n/a | 1.8% | |
| Firstrust Savings Bank | $35,200,000 | $45,155,000 | 28.3% | 1.6% |
| Advisors Mortgage Group, L.L.C. | $85,605,000 | $42,250,000 | -50.6% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $85,720,000 | $42,205,000 | -50.8% | 1.5% |
| Citibank | $27,625,000 | $33,505,000 | 21.3% | 1.2% |
| GUARANTEED RATE, INC. | $111,505,000 | $33,425,000 | -70.0% | 1.2% |
| DRAPER AND KRAMER MORTGAGE CORP. | $54,500,000 | $29,975,000 | -45.0% | 1.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $89,895,000 | $29,645,000 | -67.0% | 1.1% |
| Univest Bank and Trust Co. | $47,580,000 | $26,580,000 | -44.1% | 1.0% |
| Columbia Bank | $20,005,000 | $25,945,000 | 29.7% | 0.9% |
| 1st Colonial Community Bank | $25,620,000 | $24,855,000 | -3.0% | 0.9% |
| UBS Bank USA | $20,000,000 | $22,040,000 | 10.2% | 0.8% |
| M&T Bank | $41,315,000 | $22,005,000 | -46.7% | 0.8% |
| LOANDEPOT.COM, LLC | $91,345,000 | $21,940,000 | -76.0% | 0.8% |
| GREENTREE MORTGAGE COMPANY, L.P. | $29,440,000 | $21,195,000 | -28.0% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $30,650,000 | $19,815,000 | -35.4% | 0.7% |
| POLICE & FIRE | $67,210,000 | $19,230,000 | -71.4% | 0.7% |
| Charles Schwab Bank, SSB | $30,700,000 | $18,285,000 | -40.4% | 0.7% |
| Fulton Bank | $30,480,000 | $17,175,000 | -43.7% | 0.6% |
| FINANCE OF AMERICA MORTGAGE LLC | $32,695,000 | $16,375,000 | -49.9% | 0.6% |
| NFM, INC. | $45,370,000 | $16,175,000 | -64.3% | 0.6% |
| Raymond James Bank | $12,305,000 | $16,125,000 | 31.0% | 0.6% |
| TRUMARK FINANCIAL CREDIT UNION | $19,980,000 | $15,740,000 | -21.2% | 0.6% |
| BNY Mellon | $13,585,000 | $15,230,000 | 12.1% | 0.6% |
| Huntingdon Valley Bank | $21,950,000 | $14,790,000 | -32.6% | 0.5% |
| Truist | $12,730,000 | $14,045,000 | 10.3% | 0.5% |
| EMM LOANS LLC | $23,485,000 | $13,325,000 | -43.3% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $43,285,000 | $13,115,000 | -69.7% | 0.5% |
| ALLIED MORTGAGE GROUP, INC. | $30,400,000 | $12,205,000 | -59.9% | 0.4% |
| Goldman Sachs Bank USA | $12,000,000 | $11,945,000 | -0.5% | 0.4% |
| Newfield National Bank | $4,240,000 | $11,565,000 | 172.8% | 0.4% |
| S&T Bank | $11,310,000 | $11,220,000 | -0.8% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $6,880,000 | $10,710,000 | 55.7% | 0.4% |
| SUCCESS MORTGAGE PARTNERS, INC. | $21,670,000 | $10,270,000 | -52.6% | 0.4% |
| City National Bank | $8,055,000 | $9,965,000 | 23.7% | 0.4% |
| Meridian Bank Corporation | $20,430,000 | $9,810,000 | -52.0% | 0.4% |
| Mortgage Research Center, LLC | $10,375,000 | $9,555,000 | -7.9% | 0.3% |
| Philadelphia Mortgage Advisors, Inc. | $20,590,000 | $9,555,000 | -53.6% | 0.3% |
| U.S. Bank | $16,850,000 | $9,465,000 | -43.8% | 0.3% |
| KeyBank | $24,395,000 | $9,150,000 | -62.5% | 0.3% |
| Mid Penn Bank | $13,660,000 | $8,800,000 | -35.6% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $21,805,000 | $8,750,000 | -59.9% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $26,375,000 | $8,125,000 | -69.2% | 0.3% |
| Presidential Bank, FSB | $11,310,000 | $7,680,000 | -32.1% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $20,670,000 | $7,665,000 | -62.9% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $17,785,000 | $7,340,000 | -58.7% | 0.3% |
| Lakeland Bank | $305,000 | $7,165,000 | 2,249.2% | 0.3% |
| NEWREZ LLC | $34,815,000 | $6,915,000 | -80.1% | 0.3% |
| NATIONWIDE EQUITIES CORPORATION | $2,280,000 | $6,670,000 | 192.5% | 0.2% |
| First Republic Bank | $22,525,000 | $6,660,000 | -70.4% | 0.2% |
| NATION ONE MORTGAGE CORPORATION | $8,385,000 | $6,660,000 | -20.6% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $27,955,000 | $6,335,000 | -77.3% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $4,430,000 | $6,285,000 | 41.9% | 0.2% |
| QNB Bank | $5,290,000 | $5,955,000 | 12.6% | 0.2% |
| LENDSURE MORTGAGE CORP. | $1,790,000 | $5,845,000 | 226.5% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $30,110,000 | $5,660,000 | -81.2% | 0.2% |
| Cornerstone Bank | $5,510,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $30,280,000 | $5,135,000 | -83.0% | 0.2% |
| Gateway First Bank | $9,255,000 | $5,055,000 | -45.4% | 0.2% |
| Northpointe Bank | $4,030,000 | $4,920,000 | 22.1% | 0.2% |
| NVR Mortgage Finance, Inc. | $1,380,000 | $4,770,000 | 245.7% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $17,345,000 | $4,645,000 | -73.2% | 0.2% |
| RF Renovo Management Company, LLC | $2,790,000 | $4,535,000 | 62.5% | 0.2% |
| MCLEAN MORTGAGE CORPORATION | $385,000 | $4,250,000 | 1,003.9% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $4,220,000 | n/a | 0.2% | |
| CITADEL FEDERAL CREDIT UNION | $16,340,000 | $4,180,000 | -74.4% | 0.2% |
| FRANKLIN MINT | $1,550,000 | $4,175,000 | 169.4% | 0.2% |
| UNION HOME MORTGAGE CORP. | $5,305,000 | $4,140,000 | -22.0% | 0.2% |
| Investors Bank | $11,400,000 | $4,065,000 | -64.3% | 0.1% |
| Stifel Bank and Trust | $7,970,000 | $4,020,000 | -49.6% | 0.1% |
| Mortgage America, Inc. | $15,090,000 | $3,945,000 | -73.9% | 0.1% |
| AMERICAN HERITAGE FCU | $9,820,000 | $3,925,000 | -60.0% | 0.1% |
| Orrstown Bank | $2,115,000 | $3,905,000 | 84.6% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $18,555,000 | $3,850,000 | -79.3% | 0.1% |
| ESSA Bank & Trust | $2,775,000 | $3,725,000 | 34.2% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $705,000 | $3,530,000 | 400.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $4,945,000 | $3,520,000 | -28.8% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $13,820,000 | $3,395,000 | -75.4% | 0.1% |
| Kearny Bank | $4,815,000 | $3,340,000 | -30.6% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $5,230,000 | $3,330,000 | -36.3% | 0.1% |
| PHILADELPHIA | $9,730,000 | $3,310,000 | -66.0% | 0.1% |
| Franklin Bank | $4,190,000 | $3,295,000 | -21.4% | 0.1% |
| Flagstar Bank, FSB | $7,345,000 | $3,130,000 | -57.4% | 0.1% |
| T2 FINANCIAL LLC | $3,100,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $630,000 | $3,075,000 | 388.1% | 0.1% |
| Ardent Federal Credit Union | $2,040,000 | $3,050,000 | 49.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,945,000 | $3,020,000 | 2.5% | 0.1% |
| Quaint Oak Mortgage, LLC | $5,070,000 | $2,940,000 | -42.0% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $535,000 | $2,820,000 | 427.1% | 0.1% |
| Citizens & Northern Bank | $1,705,000 | $2,805,000 | 64.5% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $7,315,000 | $2,805,000 | -61.7% | 0.1% |
| Ally Bank | $7,030,000 | $2,640,000 | -62.4% | 0.1% |
| REVERSE MORTGAGE FUNDING LLC | $4,320,000 | $2,560,000 | -40.7% | 0.1% |
| PIKE CREEK MORTGAGE SERVICES, INC. | $2,775,000 | $2,535,000 | -8.6% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $8,940,000 | $2,450,000 | -72.6% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $750,000 | $2,395,000 | 219.3% | 0.1% |
| AmRes Corporation | $8,255,000 | $2,390,000 | -71.0% | 0.1% |
| Penn Community Bank | $4,960,000 | $2,365,000 | -52.3% | 0.1% |
| BHCU | $6,960,000 | $2,300,000 | -67.0% | 0.1% |
| BROKER SOLUTIONS, INC. | $12,135,000 | $2,280,000 | -81.2% | 0.1% |
| Logan Finance Corporation | $2,260,000 | n/a | 0.1% | |
| NJ LENDERS CORP. | $9,495,000 | $2,205,000 | -76.8% | 0.1% |
| TOWER | $3,160,000 | $2,110,000 | -33.2% | 0.1% |
| ENVOY MORTGAGE, LTD | $6,390,000 | $2,105,000 | -67.1% | 0.1% |
| GUILD MORTGAGE COMPANY | $1,150,000 | $2,100,000 | 82.6% | 0.1% |
| The Victory Bank | $7,460,000 | $2,080,000 | -72.1% | 0.1% |
| Hometown Lenders, Inc. | $3,280,000 | $2,055,000 | -37.3% | 0.1% |
| JERSEY SHORE FEDERAL CREDIT UNION | $1,540,000 | $2,050,000 | 33.1% | 0.1% |
| Princeton Mortgage Corporation | $5,430,000 | $2,045,000 | -62.3% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $4,125,000 | $2,015,000 | -51.2% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $5,040,000 | $2,015,000 | -60.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,495,000 | $2,005,000 | 34.1% | 0.1% |
| First Horizon Bank | $2,005,000 | n/a | 0.1% | |
| Hyperion Bank | $1,980,000 | n/a | 0.1% | |
| First Resource Bank | $5,910,000 | $1,975,000 | -66.6% | 0.1% |
| PHH Mortgage Corporation | $2,375,000 | $1,940,000 | -18.3% | 0.1% |
| State Financial Network, LLC | $4,095,000 | $1,925,000 | -53.0% | 0.1% |
| Citadel Servicing Corporation | $530,000 | $1,920,000 | 262.3% | 0.1% |
| Centric Bank | $3,985,000 | $1,905,000 | -52.2% | 0.1% |
| BENCHMARK Federal Credit Union | $465,000 | $1,885,000 | 305.4% | 0.1% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $1,505,000 | $1,880,000 | 24.9% | 0.1% |
| AMERICAN ADVISORS GROUP | $3,295,000 | $1,875,000 | -43.1% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $3,740,000 | $1,820,000 | -51.3% | 0.1% |
| The Huntington National Bank | $2,235,000 | $1,775,000 | -20.6% | 0.1% |
| NEW DAY FINANCIAL, LLC | $3,685,000 | $1,750,000 | -52.5% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $4,195,000 | $1,730,000 | -58.8% | 0.1% |
| Carrington Mortgage Services, LLC | $6,145,000 | $1,690,000 | -72.5% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $3,035,000 | $1,685,000 | -44.5% | 0.1% |
| GREENWAY MORTGAGE FUNDING CORP. | $2,410,000 | $1,620,000 | -32.8% | 0.1% |
| Equity Prime Mortgage LLC | $4,040,000 | $1,610,000 | -60.1% | 0.1% |
| Webster Bank | $605,000 | $1,610,000 | 166.1% | 0.1% |
| CMG MORTGAGE, INC. | $2,760,000 | $1,605,000 | -41.8% | 0.1% |
| N R L Federal Credit Union | $1,545,000 | n/a | 0.1% | |
| APEX HOME LOANS, INC. | $1,260,000 | $1,535,000 | 21.8% | 0.1% |
| US MORTGAGE CORPORATION | $3,105,000 | $1,505,000 | -51.5% | 0.1% |
| ANGEL OAK HOME LOANS LLC | $1,570,000 | $1,500,000 | -4.5% | 0.1% |
| Farm Credit East, ACA | $755,000 | $1,455,000 | 92.7% | 0.1% |
| PINNACLE MORTGAGE, INC. | $2,640,000 | $1,395,000 | -47.2% | 0.1% |
| FEDERATED LENDING CORPORATION | $3,345,000 | $1,385,000 | -58.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $580,000 | $1,375,000 | 137.1% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $5,000,000 | $1,330,000 | -73.4% | 0.0% |
| Florida Capital Bank | $1,315,000 | n/a | 0.0% | |
| Quontic Bank | $2,670,000 | $1,265,000 | -52.6% | 0.0% |
| AFFINITY | $3,085,000 | $1,255,000 | -59.3% | 0.0% |
| Kwik Mortgage Corporation | $1,645,000 | $1,245,000 | -24.3% | 0.0% |
| Unity Bank | $725,000 | $1,225,000 | 69.0% | 0.0% |
| Prosper Bank | $1,215,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,210,000 | n/a | 0.0% | |
| Peoples Security Bank and Trust Company | $4,540,000 | $1,205,000 | -73.5% | 0.0% |
| First Bank | $560,000 | $1,170,000 | 108.9% | 0.0% |
| Actors Federal Credit Union | $1,165,000 | n/a | 0.0% | |
| SOUTH JERSEY | $1,295,000 | $1,155,000 | -10.8% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $1,125,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $965,000 | $1,125,000 | 16.6% | 0.0% |
| MORTGAGE ACCESS CORP. | $2,780,000 | $1,110,000 | -60.1% | 0.0% |
| Peapack-Gladstone Bank | $4,190,000 | $1,105,000 | -73.6% | 0.0% |
| USAA Federal Savings Bank | $1,795,000 | $1,105,000 | -38.4% | 0.0% |
| 1st Summit Bank | $1,095,000 | n/a | 0.0% | |
| Nations Lending Corporation | $2,205,000 | $1,095,000 | -50.3% | 0.0% |
| ALL REVERSE MORTGAGE, INC. | $535,000 | $1,090,000 | 103.7% | 0.0% |
| MILLENIUM HOME MORTGAGE, LLC | $945,000 | $1,090,000 | 15.3% | 0.0% |
| Commerce Home Mortgage, Inc. | $1,075,000 | n/a | 0.0% | |
| FINANCIAL RESOURCES FEDERAL CREDIT UNION | $225,000 | $1,055,000 | 368.9% | 0.0% |
| MERCK SHARP & DOHME FEDERAL CREDIT UNION | $1,055,000 | n/a | 0.0% | |
| Dollar Bank, Federal Savings Bank | $1,005,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $7,120,000 | $1,005,000 | -85.9% | 0.0% |
| The Gratz Bank | $845,000 | $1,005,000 | 18.9% | 0.0% |
| KS StateBank | $1,405,000 | $975,000 | -30.6% | 0.0% |
| SHARONVIEW FEDERAL CREDIT UNION | $965,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $185,000 | $960,000 | 418.9% | 0.0% |
| USAlliance Federal Credit Union | $735,000 | $955,000 | 29.9% | 0.0% |
| Mortgage Network, Inc. | $785,000 | $945,000 | 20.4% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $435,000 | $935,000 | 114.9% | 0.0% |
| Magyar Bank | $935,000 | n/a | 0.0% | |
| Silicon Valley Bank | $935,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $920,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $2,275,000 | $920,000 | -59.6% | 0.0% |
| First Home Bank | $2,280,000 | $855,000 | -62.5% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $1,280,000 | $835,000 | -34.8% | 0.0% |
| ARC HOME LLC | $2,575,000 | $830,000 | -67.8% | 0.0% |
| MLD MORTGAGE INC. | $2,715,000 | $815,000 | -70.0% | 0.0% |
| DEVELOPER'S MORTGAGE COMPANY | $1,120,000 | $810,000 | -27.7% | 0.0% |
| United Nations Federal Credit Union | $2,075,000 | $800,000 | -61.4% | 0.0% |
| PLANET HOME LENDING, LLC | $1,560,000 | $795,000 | -49.0% | 0.0% |
| NBKC BANK | $2,365,000 | $790,000 | -66.6% | 0.0% |
| Capitol Federal Savings Bank | $785,000 | n/a | 0.0% | |
| Blue Foundry Bank | $740,000 | n/a | 0.0% | |
| HOMESPIRE MORTGAGE CORPORATION | $725,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,035,000 | $720,000 | -30.4% | 0.0% |
| Discover Bank | $805,000 | $710,000 | -11.8% | 0.0% |
| Acre Mortgage and Financial Inc | $2,125,000 | $700,000 | -67.1% | 0.0% |
| Magnolia Bank | $700,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,395,000 | $690,000 | -50.5% | 0.0% |
| People's United Bank | $655,000 | $685,000 | 4.6% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $735,000 | $675,000 | -8.2% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,010,000 | $665,000 | -34.2% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $520,000 | $645,000 | 24.0% | 0.0% |
| Diamond Credit Union | $645,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $155,000 | $645,000 | 316.1% | 0.0% |
| Financial Freedom Mortgage, LLC | $2,180,000 | $645,000 | -70.4% | 0.0% |
| RESIDENTIAL HOME FUNDING CORP. | $2,410,000 | $640,000 | -73.4% | 0.0% |
| ADVANCIAL | $635,000 | n/a | 0.0% | |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $1,080,000 | $625,000 | -42.1% | 0.0% |
| WALL STREET MORTGAGE BANKERS, LTD. | $615,000 | n/a | 0.0% | |
| Sun East Federal Credit Union | $1,495,000 | $600,000 | -59.9% | 0.0% |
| Iron Workers Savings Bank | $1,775,000 | $595,000 | -66.5% | 0.0% |
| Northfield Bank | $405,000 | $585,000 | 44.4% | 0.0% |
| Santander Bank, N.A. | $20,695,000 | $565,000 | -97.3% | 0.0% |
| First Hope Bank, A National Banking Association | $550,000 | n/a | 0.0% | |
| First National Bank of America | $550,000 | n/a | 0.0% | |
| Center City Mortgage and Investments LLC | $1,990,000 | $545,000 | -72.6% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $1,725,000 | $545,000 | -68.4% | 0.0% |
| OCMBC, INC. | $545,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $495,000 | $545,000 | 10.1% | 0.0% |
| 21ST MORTGAGE CORPORATION | $530,000 | n/a | 0.0% | |
| Somerset Savings Bank, SLA | $525,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $395,000 | $515,000 | 30.4% | 0.0% |
| BMO Harris Bank | $860,000 | $505,000 | -41.3% | 0.0% |
| First Federal Bank | $920,000 | $505,000 | -45.1% | 0.0% |
| FBC MORTGAGE, LLC | $495,000 | n/a | 0.0% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $1,730,000 | $495,000 | -71.4% | 0.0% |
| WILLIAM RAVEIS MORTGAGE, LLC | $495,000 | n/a | 0.0% | |
| Provident Bank | $740,000 | $480,000 | -35.1% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $185,000 | $450,000 | 143.2% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $445,000 | n/a | 0.0% | |
| Servion, Inc. | $445,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $1,175,000 | $440,000 | -62.6% | 0.0% |
| Armed Forces Bank | $425,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $155,000 | $425,000 | 174.2% | 0.0% |
| PROPONENT Federal Credit Union | $335,000 | $425,000 | 26.9% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $1,220,000 | $415,000 | -66.0% | 0.0% |
| CREDIT UNION OF NEW JERSEY | $315,000 | $405,000 | 28.6% | 0.0% |
| First National Bank of Pennsylvania | $3,850,000 | $400,000 | -89.6% | 0.0% |
| Haddon Savings Bank | $1,030,000 | $400,000 | -61.2% | 0.0% |
| Baxter Credit Union | $2,075,000 | $385,000 | -81.4% | 0.0% |
| Ukrainian Selfreliance Federal Credit Union | $2,035,000 | $385,000 | -81.1% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $3,605,000 | $385,000 | -89.3% | 0.0% |
| East Coast Capital Corp. | $580,000 | $375,000 | -35.3% | 0.0% |
| LENDING CAPITAL GROUP Inc | $165,000 | $370,000 | 124.2% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $3,640,000 | $370,000 | -89.8% | 0.0% |
| Inspire Federal Credit Union | $365,000 | n/a | 0.0% | |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $605,000 | $360,000 | -40.5% | 0.0% |
| ONY GLO, INC. | $360,000 | n/a | 0.0% | |
| First Citizens Community Bank | $355,000 | n/a | 0.0% | |
| IMPAC MORTGAGE CORP. | $800,000 | $355,000 | -55.6% | 0.0% |
| The Federal Savings Bank | $3,900,000 | $355,000 | -90.9% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $345,000 | n/a | 0.0% | |
| FM Home Loans, LLC | $375,000 | $335,000 | -10.7% | 0.0% |
| Alerus Financial | $325,000 | n/a | 0.0% | |
| Bank of England | $105,000 | $315,000 | 200.0% | 0.0% |
| BAY EQUITY LLC | $315,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $475,000 | $310,000 | -34.7% | 0.0% |
| NUMARK CREDIT UNION | $325,000 | $310,000 | -4.6% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $940,000 | $305,000 | -67.6% | 0.0% |
| RAPID MORTGAGE COMPANY | $305,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,865,000 | $295,000 | -89.7% | 0.0% |
| ABCO Federal Credit Union | $655,000 | $285,000 | -56.5% | 0.0% |
| First Internet Bank of Indiana | $310,000 | $285,000 | -8.1% | 0.0% |
| GSF Mortgage Corporation | $340,000 | $285,000 | -16.2% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $545,000 | $285,000 | -47.7% | 0.0% |
| Northeast Equitable Mortgage, LLC | $1,120,000 | $285,000 | -74.6% | 0.0% |
| Community National Bank & Trust | $275,000 | n/a | 0.0% | |
| DIRECT MORTGAGE LOANS, LLC | $335,000 | $265,000 | -20.9% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $235,000 | $265,000 | 12.8% | 0.0% |
| American Airlines Federal Credit Union | $255,000 | n/a | 0.0% | |
| Figure Lending LLC | $505,000 | $245,000 | -51.5% | 0.0% |
| FREEDOM CREDIT UNION | $1,900,000 | $240,000 | -87.4% | 0.0% |
| SOFI LENDING CORP. | $1,600,000 | $235,000 | -85.3% | 0.0% |
| GLENDENNING MORTGAGE CORPORATION | $1,050,000 | $225,000 | -78.6% | 0.0% |
| Manasquan Bank | $225,000 | n/a | 0.0% | |
| Spencer Savings Bank, SLA | $955,000 | $215,000 | -77.5% | 0.0% |
| Parke Bank | $3,755,000 | $210,000 | -94.4% | 0.0% |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $205,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $205,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $200,000 | n/a | 0.0% | |
| ALL IN | $195,000 | n/a | 0.0% | |
| HARTFORD FUNDING, LTD. | $195,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $910,000 | $195,000 | -78.6% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $165,000 | $195,000 | 18.2% | 0.0% |
| BayCoast Bank | $110,000 | $190,000 | 72.7% | 0.0% |
| Axos Bank | $1,325,000 | $185,000 | -86.0% | 0.0% |
| First Guaranty Mortgage Corporation | $6,585,000 | $185,000 | -97.2% | 0.0% |
| GEORGIA'S OWN | $170,000 | n/a | 0.0% | |
| BNC National Bank | $3,540,000 | $165,000 | -95.3% | 0.0% |
| Hometown Equity Mortgage, LLC | $3,345,000 | $165,000 | -95.1% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $2,940,000 | $165,000 | -94.4% | 0.0% |
| LADERA LENDING, INC. | $1,830,000 | $165,000 | -91.0% | 0.0% |
| Summit Mortgage Corporation | $1,515,000 | $165,000 | -89.1% | 0.0% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $3,065,000 | $165,000 | -94.6% | 0.0% |
| York Traditions Bank | $1,965,000 | $165,000 | -91.6% | 0.0% |
| Plains Commerce Bank | $1,895,000 | $155,000 | -91.8% | 0.0% |
| RESIDENTIAL BANCORP. | $155,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,915,000 | $145,000 | -92.4% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $635,000 | $145,000 | -77.2% | 0.0% |
| UNIVERSITY CREDIT UNION | $135,000 | n/a | 0.0% | |
| JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. | $125,000 | n/a | 0.0% | |
| SUN Federal Credit Union | $970,000 | $115,000 | -88.1% | 0.0% |
| State Department Federal Credit Union | $105,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| American Broadcast Employees Federal Credit Union | $75,000 | n/a | 0.0% | |
| The Fidelity Deposit and Discount Bank | $1,075,000 | $75,000 | -93.0% | 0.0% |
| Centier Bank | $75,000 | $65,000 | -13.3% | 0.0% |
| DIGITAL Federal Credit Union | $35,000 | $65,000 | 85.7% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| AMERICHOICE | $55,000 | n/a | 0.0% | |
| JUSTICE Federal Credit Union | $165,000 | $55,000 | -66.7% | 0.0% |
| The People's Credit Union | $55,000 | n/a | 0.0% | |
| Princeton Federal Credit Union | $45,000 | n/a | 0.0% | |
| The Dime Bank | $45,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $405,000 | $45,000 | -88.9% | 0.0% |
| PARSONS Federal Credit Union | $35,000 | n/a | 0.0% | |
| Upper Darby Belltelco Federal Credit Union | $35,000 | n/a | 0.0% |
OCEAN CITY's top lender by overall market share is Republic Bank, with 10.3% market share. In second place, with 5.5%, is Citizens Bank, having originated $151,770,000 in loans. In third place, with 4.8%, is Wells Fargo Bank, having originated $132,580,000 in loans. In fourth place, with 4.4%, is OceanFirst Bank, having originated $120,700,000 in loans. In fifth place, with 3.6%, is TD Bank, having originated $99,725,000 in loans.
OCEAN CITY Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - OCEAN CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $399,900 (2.8%) | $685,995 (11.8%) | 0.00 | 2,142 |
| 2018-02-01 | $412,225 (3.3%) | $699,840 (10.5%) | 0.00 | 2,230 |
| 2018-03-01 | $415,000 (4.0%) | $709,696 (11.1%) | 0.00 | 2,230 |
| 2018-04-01 | $419,450 (7.6%) | $718,298 (11.8%) | 0.00 | 2,209 |
| 2018-05-01 | $404,500 (3.7%) | $711,706 (9.5%) | 0.00 | 2,218 |
| 2018-06-01 | $410,950 (4.5%) | $726,820 (10.1%) | 0.00 | 2,166 |
| 2018-07-01 | $411,750 (5.6%) | $743,637 (11.1%) | 0.00 | 2,130 |
| 2018-08-01 | $407,500 (7.3%) | $753,930 (12.3%) | 0.00 | 2,154 |
| 2018-09-01 | $414,900 (6.4%) | $746,724 (11.8%) | 0.00 | 2,179 |
| 2018-10-01 | $419,075 (5.1%) | $754,485 (11.2%) | 0.00 | 2,185 |
| 2018-11-01 | $423,700 (6.3%) | $749,974 (10.4%) | 0.00 | 2,191 |
| 2018-12-01 | $425,000 (6.5%) | $750,991 (11.1%) | 0.00 | 2,126 |
| 2019-01-01 | $428,700 (7.2%) | $756,643 (10.3%) | 0.00 | 2,047 |
| 2019-02-01 | $442,675 (7.4%) | $767,286 (9.6%) | 0.00 | 2,136 |
| 2019-03-01 | $440,657 (6.2%) | $760,379 (7.1%) | 0.00 | 2,190 |
| 2019-04-01 | $435,000 (3.7%) | $747,695 (4.1%) | 0.00 | 2,216 |
| 2019-05-01 | $434,375 (7.4%) | $739,219 (3.9%) | 0.00 | 2,187 |
| 2019-06-01 | $449,000 (9.3%) | $741,107 (2.0%) | 0.00 | 2,125 |
| 2019-07-01 | $449,000 (9.1%) | $759,867 (2.2%) | 0.00 | 2,050 |
| 2019-08-01 | $449,000 (10.2%) | $766,728 (1.7%) | 0.00 | 2,016 |
| 2019-09-01 | $449,000 (8.2%) | $763,597 (2.3%) | 0.00 | 1,988 |
| 2019-10-01 | $454,000 (8.3%) | $766,251 (1.6%) | 0.00 | 1,965 |
| 2019-11-01 | $474,900 (12.1%) | $781,297 (4.2%) | 0.00 | 1,875 |
| 2019-12-01 | $474,900 (11.7%) | $785,720 (4.6%) | 0.00 | 1,756 |
| 2020-01-01 | $479,900 (11.9%) | $1,030,324 (36.2%) | 0.00 | 1,686 |
| 2020-02-01 | $485,000 (9.6%) | $1,053,104 (37.3%) | 0.00 | 1,698 |
| 2020-03-01 | $494,500 (12.2%) | $823,625 (8.3%) | 0.00 | 1,680 |
| 2020-04-01 | $499,000 (14.7%) | $821,888 (9.9%) | 0.00 | 1,644 |
| 2020-05-01 | $499,000 (14.9%) | $829,298 (12.2%) | 0.00 | 1,570 |
| 2020-06-01 | $512,500 (14.1%) | $911,443 (23.0%) | 0.00 | 1,406 |
| 2020-07-01 | $499,950 (11.4%) | $927,433 (22.1%) | 0.00 | 1,196 |
| 2020-08-01 | $495,000 (10.2%) | $901,556 (17.6%) | 0.00 | 1,115 |
| 2020-09-01 | $522,400 (16.4%) | $891,758 (16.8%) | 0.00 | 1,088 |
| 2020-10-01 | $529,000 (16.5%) | $910,487 (18.8%) | 0.00 | 1,044 |
| 2020-11-01 | $549,675 (15.8%) | $936,107 (19.8%) | 0.00 | 962 |
| 2020-12-01 | $550,000 (15.8%) | $938,135 (19.4%) | 0.00 | 882 |
| 2021-01-01 | $559,000 (16.5%) | $943,976 (-8.4%) | 0.00 | 750 |
| 2021-02-01 | $594,450 (22.6%) | $1,041,580 (-1.1%) | 0.00 | 603 |
| 2021-03-01 | $649,500 (31.3%) | $1,085,199 (31.8%) | 0.00 | 610 |
| 2021-04-01 | $649,925 (30.3%) | $1,166,003 (41.9%) | 0.00 | 654 |
| 2021-05-01 | $675,000 (35.3%) | $1,183,157 (42.7%) | 0.00 | 652 |
| 2021-06-01 | $659,900 (28.8%) | $1,143,585 (25.5%) | 0.00 | 741 |
| 2021-07-01 | $619,000 (23.8%) | $1,083,934 (16.9%) | 0.00 | 768 |
| 2021-08-01 | $626,995 (26.7%) | $1,085,102 (20.4%) | 0.00 | 850 |
| 2021-09-01 | $599,950 (14.8%) | $1,049,207 (17.7%) | 0.00 | 912 |
| 2021-10-01 | $649,000 (22.7%) | $1,078,154 (18.4%) | 0.00 | 887 |
| 2021-11-01 | $695,000 (26.4%) | $1,143,238 (22.1%) | 0.00 | 812 |
| 2021-12-01 | $677,450 (23.2%) | $1,140,091 (21.5%) | 0.00 | 750 |
| 2022-01-01 | $689,450 (23.3%) | $1,190,275 (26.1%) | 0.00 | 614 |
| 2022-02-01 | $738,000 (24.2%) | $1,258,379 (20.8%) | 0.00 | 562 |
| 2022-03-01 | $767,950 (18.2%) | $1,294,309 (19.3%) | 0.00 | 545 |
| 2022-04-01 | $792,500 (21.9%) | $1,373,419 (17.8%) | 0.00 | 576 |
| 2022-05-01 | $797,450 (18.1%) | $1,378,253 (16.5%) | 0.00 | 684 |
| 2022-06-01 | $773,725 (17.3%) | $1,370,663 (19.9%) | 0.00 | 759 |
| 2022-07-01 | $724,900 (17.1%) | $1,301,550 (20.1%) | 0.00 | 863 |
| 2022-08-01 | $744,525 (18.7%) | $1,332,914 (22.8%) | 0.00 | 875 |
| 2022-09-01 | $793,475 (32.3%) | $1,330,062 (26.8%) | 0.00 | 885 |
| 2022-10-01 | $799,900 (23.3%) | $1,342,177 (24.5%) | 0.00 | 914 |
| 2022-11-01 | $799,900 (15.1%) | $1,368,907 (19.7%) | 0.00 | 901 |
| 2022-12-01 | $822,450 (21.4%) | $1,360,138 (19.3%) | 0.00 | 835 |
| 2023-01-01 | $839,700 (21.8%) | $1,423,221 (19.6%) | 0.00 | 768 |
| 2023-02-01 | $889,500 (20.5%) | $1,456,705 (15.8%) | 0.00 | 754 |
OCEAN CITY's median listing price for 2023-02-01 was $889,500, a difference of
$151,500
(20.5%) versus the prior year and
$49,800 versus the prior month.
OCEAN CITY's median listing price comes in at 0% of the national average.
OCEAN CITY's average listing price for 2023-02-01 was $1,456,705, a difference of $198,326 (15.8%) versus the prior year and $33,484 versus the prior month.
For the 2023-02-01 period, OCEAN CITY had 754 MLS listings, a difference of -14 listings (-2%) versus the prior month and 192 listings (34%) versus the prior year.
OCEAN CITY's median listing price comes in at 0% of the national average.
OCEAN CITY's average listing price for 2023-02-01 was $1,456,705, a difference of $198,326 (15.8%) versus the prior year and $33,484 versus the prior month.
For the 2023-02-01 period, OCEAN CITY had 754 MLS listings, a difference of -14 listings (-2%) versus the prior month and 192 listings (34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - OCEAN CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,592 sqft |
| 2018-02-01 | 0 days | 1,595 sqft |
| 2018-03-01 | 0 days | 1,600 sqft |
| 2018-04-01 | 0 days | 1,600 sqft |
| 2018-05-01 | 0 days | 1,598 sqft |
| 2018-06-01 | 0 days | 1,600 sqft |
| 2018-07-01 | 0 days | 1,600 sqft |
| 2018-08-01 | 0 days | 1,600 sqft |
| 2018-09-01 | 0 days | 1,594 sqft |
| 2018-10-01 | 0 days | 1,580 sqft |
| 2018-11-01 | 0 days | 1,573 sqft |
| 2018-12-01 | 0 days | 1,569 sqft |
| 2019-01-01 | 0 days | 1,569 sqft |
| 2019-02-01 | 0 days | 1,556 sqft |
| 2019-03-01 | 0 days | 1,536 sqft |
| 2019-04-01 | 0 days | 1,535 sqft |
| 2019-05-01 | 0 days | 1,535 sqft |
| 2019-06-01 | 0 days | 1,562 sqft |
| 2019-07-01 | 0 days | 1,588 sqft |
| 2019-08-01 | 0 days | 1,603 sqft |
| 2019-09-01 | 0 days | 1,618 sqft |
| 2019-10-01 | 0 days | 1,628 sqft |
| 2019-11-01 | 0 days | 1,646 sqft |
| 2019-12-01 | 0 days | 1,620 sqft |
| 2020-01-01 | 0 days | 1,618 sqft |
| 2020-02-01 | 0 days | 1,656 sqft |
| 2020-03-01 | 0 days | 1,682 sqft |
| 2020-04-01 | 0 days | 1,701 sqft |
| 2020-05-01 | 0 days | 1,722 sqft |
| 2020-06-01 | 0 days | 1,751 sqft |
| 2020-07-01 | 0 days | 1,741 sqft |
| 2020-08-01 | 0 days | 1,695 sqft |
| 2020-09-01 | 0 days | 1,648 sqft |
| 2020-10-01 | 0 days | 1,633 sqft |
| 2020-11-01 | 0 days | 1,637 sqft |
| 2020-12-01 | 0 days | 1,674 sqft |
| 2021-01-01 | 0 days | 1,680 sqft |
| 2021-02-01 | 0 days | 1,700 sqft |
| 2021-03-01 | 0 days | 1,598 sqft |
| 2021-04-01 | 0 days | 1,617 sqft |
| 2021-05-01 | 0 days | 1,752 sqft |
| 2021-06-01 | 0 days | 1,668 sqft |
| 2021-07-01 | 0 days | 1,640 sqft |
| 2021-08-01 | 0 days | 1,607 sqft |
| 2021-09-01 | 0 days | 1,554 sqft |
| 2021-10-01 | 0 days | 1,556 sqft |
| 2021-11-01 | 0 days | 1,600 sqft |
| 2021-12-01 | 0 days | 1,596 sqft |
| 2022-01-01 | 0 days | 1,619 sqft |
| 2022-02-01 | 0 days | 1,659 sqft |
| 2022-03-01 | 0 days | 1,726 sqft |
| 2022-04-01 | 0 days | 1,716 sqft |
| 2022-05-01 | 0 days | 1,800 sqft |
| 2022-06-01 | 0 days | 1,738 sqft |
| 2022-07-01 | 0 days | 1,667 sqft |
| 2022-08-01 | 0 days | 1,649 sqft |
| 2022-09-01 | 0 days | 1,690 sqft |
| 2022-10-01 | 0 days | 1,700 sqft |
| 2022-11-01 | 0 days | 1,682 sqft |
| 2022-12-01 | 0 days | 1,638 sqft |
| 2023-01-01 | 0 days | 1,662 sqft |
| 2023-02-01 | 0 days | 1,700 sqft |
OCEAN CITY's median listing age (time on market) for 2023-02-01 was 0 days.
OCEAN CITY's median square footage for active listings during the 2023-02-01 period was 1,700 sqft. One year prior, the average listing was 1,659 sqft.
OCEAN CITY's median square footage for active listings during the 2023-02-01 period was 1,700 sqft. One year prior, the average listing was 1,659 sqft.
OCEAN CITY, NJ Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 08202 | Ocean City, NJ | $1,080 | $1,230 | $1,620 | $2,010 | $2,200 |
| 08204 | Ocean City, NJ | $950 | $1,090 | $1,430 | $1,770 | $1,940 |
| 08210 | Ocean City, NJ | $1,130 | $1,290 | $1,700 | $2,110 | $2,310 |
| 08212 | Ocean City, NJ | $1,320 | $1,510 | $1,990 | $2,470 | $2,700 |
| 08214 | Ocean City, NJ | $980 | $1,120 | $1,470 | $1,820 | $1,990 |
| 08218 | Ocean City, NJ | $980 | $1,120 | $1,470 | $1,820 | $1,990 |
| 08219 | Ocean City, NJ | $980 | $1,120 | $1,470 | $1,820 | $1,990 |
| 08223 | Ocean City, NJ | $1,160 | $1,330 | $1,750 | $2,170 | $2,370 |
| 08226 | Ocean City, NJ | $1,060 | $1,220 | $1,600 | $1,980 | $2,170 |
| 08230 | Ocean City, NJ | $960 | $1,100 | $1,450 | $1,800 | $1,970 |
| 08242 | Ocean City, NJ | $920 | $1,050 | $1,380 | $1,710 | $1,870 |
| 08243 | Ocean City, NJ | $1,200 | $1,370 | $1,800 | $2,230 | $2,440 |
| 08245 | Ocean City, NJ | $980 | $1,120 | $1,470 | $1,820 | $1,990 |
| 08246 | Ocean City, NJ | $1,130 | $1,290 | $1,700 | $2,110 | $2,310 |
| 08247 | Ocean City, NJ | $1,080 | $1,240 | $1,630 | $2,020 | $2,210 |
| 08248 | Ocean City, NJ | $1,140 | $1,310 | $1,720 | $2,130 | $2,330 |
| 08250 | Ocean City, NJ | $980 | $1,120 | $1,470 | $1,820 | $1,990 |
| 08251 | Ocean City, NJ | $1,040 | $1,190 | $1,570 | $1,950 | $2,130 |
| 08252 | Ocean City, NJ | $980 | $1,120 | $1,470 | $1,820 | $1,990 |
| 08260 | Ocean City, NJ | $820 | $970 | $1,240 | $1,590 | $1,680 |
| 08270 | Ocean City, NJ | $950 | $1,090 | $1,420 | $1,780 | $1,950 |
| 08314 | Ocean City, NJ | $970 | $1,060 | $1,380 | $1,820 | $2,030 |
2022 Average & Median Rent Data Statistics
OCEAN CITY, NJ average 1BR rent: $1,185, median: $1,120
OCEAN CITY, NJ average 2BR rent: $1,555, median: $1,470
OCEAN CITY, NJ average 3BR rent: $1,935, median: $1,820
OCEAN CITY, NJ Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,808 | $1,740,850,000 | $619,961 |
| Cash Out Refi | 879 | $371,325,000 | $422,440 |
| Refi | 782 | $369,890,000 | $473,005 |
| Home Improvement | 482 | $97,330,000 | $201,929 |
| Other | 418 | $175,860,000 | $420,718 |
| NA | 1 | $815,000 | $815,000 |
Ocean City's most frequently cited loan purpose was Home Purchase, with 2,808 originations. The 2nd most popular reason was Cash Out Refi, with 879 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,450 | $818,070,000 | $564,186 |
| 4-5% | 1,056 | $529,160,000 | $501,098 |
| 5-6% | 861 | $345,405,000 | $401,167 |
| 2.5-3% | 622 | $484,760,000 | $779,357 |
| 6-7% | 414 | $151,490,000 | $365,918 |
| <2.5% | 195 | $121,005,000 | $620,538 |
| 7-8% | 161 | $54,965,000 | $341,398 |
| Over 8% | 78 | $15,310,000 | $196,282 |
During 2022, Ocean City's most frequently originated rate bucket was 3-4%, with 1,450 originations.
Loan Sizing (OCEAN CITY, NJ MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,859 | $532,595,000 | $286,495 |
| $100k-200k | 863 | $127,505,000 | $147,746 |
| $400k-600k | 859 | $415,835,000 | $484,092 |
| $600k-1000k | 696 | $517,060,000 | $742,902 |
| $Over $1MM | 625 | $1,135,295,000 | $1,816,472 |
| $100,000 or less | 468 | $27,780,000 | $59,359 |
OCEAN CITY's loan sizing saw the bucket of loans from $200k-400k with 1,859 originations, totaling $532,595,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 1,558 | $1,022,470,000 | $656,271 |
| 80-100% | 1,013 | $580,765,000 | $573,312 |
| 40-60% | 893 | $526,275,000 | $589,334 |
| 20-40% | 756 | $289,820,000 | $383,360 |
| Under 20% | 590 | $90,720,000 | $153,763 |
| Over 100% | 16 | $7,020,000 | $438,750 |
OCEAN CITY's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 1,558 originations, totaling $1,022,470,000 in origination value.