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
7.15%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
7% and
one month ago for the week of 2025-04-17, the
average rate was 7.12%.
Ocean City's average rate one year ago was 7.11%.
For refis of the same type during the week of 2025-05-22, the average rate
was 7.32%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Ocean City 30 Year Fixed Rate | 2025-05-22 | 7.15% |
| Ocean City 30 Year Fixed Rate Refi | 2025-05-22 | 7.32% |
| Ocean City 15 Year Fixed Rate | 2025-05-22 | 6.21% |
| Ocean City 15 Year Fixed Rate Refi | 2025-05-22 | 6.11% |
| Ocean City 30 Year FHA | 2025-05-22 | 6.44% |
| Ocean City 30 Year FHA Refi | 2025-05-22 | 6.61% |
| Ocean City 30 Year USDA | 2025-05-22 | 6.43% |
| Ocean City 30 Year USDA Refi | 2025-05-22 | 6.43% |
| Ocean City 30 Year VA | 2025-05-22 | 6.42% |
| Ocean City 30 Year VA Refi | 2025-05-22 | 6.32% |
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 182 lenders originated 3,550
loans during 2024. The total origination value was $1,771,640,000, with an average loan value of
$499,054.
OCEAN CITY's average closing costs are $6,127.
The top OCEAN CITY lender as defined by loan originations is Citizens Bank, with
148 loans originated. Their average total fees are
$9,726, which is $225
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee OCEAN CITY lenders (with over 10 loans originated) are
POLICE & FIRE ($3,628), TD Bank ($5,415), 1st Colonial Community Bank ($5,674), OceanFirst Bank ($6,179) and Morgan Stanley Private Bank ($6,263).
The lowest rate OCEAN CITY lenders (with over 10 loans originated) are
Citibank (5.99%), Morgan Stanley Private Bank (5.99%), Bank of America (6.19%), POLICE & FIRE (6.22%) and M&T Bank (6.23%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Citizens Bank | $173,155,000 | $188,030,000 | 8.6% | 10.6% |
| U.S. Bank | $75,285,000 | $89,840,000 | 19.3% | 5.1% |
| TD Bank | $71,675,000 | $62,470,000 | -12.8% | 3.5% |
| OceanFirst Bank | $82,000,000 | $60,200,000 | -26.6% | 3.4% |
| QUICKEN LOANS, LLC | $41,075,000 | $55,180,000 | 34.3% | 3.1% |
| Bank of America | $40,270,000 | $47,800,000 | 18.7% | 2.7% |
| Morgan Stanley Private Bank | $49,610,000 | $43,785,000 | -11.7% | 2.5% |
| Prosperity Home Mortgage, LLC | $20,305,000 | $43,385,000 | 113.7% | 2.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $33,285,000 | $42,820,000 | 28.6% | 2.4% |
| PNC Bank | $50,000,000 | $41,625,000 | -16.8% | 2.3% |
| GUARANTEED RATE, INC. | $42,975,000 | $41,105,000 | -4.4% | 2.3% |
| Wells Fargo Bank | $38,045,000 | $40,990,000 | 7.7% | 2.3% |
| Sturdy Savings Bank | $45,015,000 | $37,615,000 | -16.4% | 2.1% |
| Crest Savings Bank | $64,855,000 | $36,765,000 | -43.3% | 2.1% |
| PHILADELPHIA | $10,465,000 | $35,175,000 | 236.1% | 2.0% |
| Valley National Bank | $47,920,000 | $32,575,000 | -32.0% | 1.8% |
| M&T Bank | $13,645,000 | $29,805,000 | 118.4% | 1.7% |
| 1st Bank of Sea Isle City | $33,590,000 | $27,410,000 | -18.4% | 1.5% |
| CMG MORTGAGE, INC. | $11,710,000 | $27,060,000 | 131.1% | 1.5% |
| Wilmington Savings Fund Society, FSB | $33,515,000 | $26,185,000 | -21.9% | 1.5% |
| JPMorgan Chase Bank | $35,675,000 | $24,055,000 | -32.6% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $13,585,000 | $19,725,000 | 45.2% | 1.1% |
| Citibank | $26,710,000 | $18,410,000 | -31.1% | 1.0% |
| POLICE & FIRE | $13,070,000 | $18,225,000 | 39.4% | 1.0% |
| The First National Bank of Elmer | $6,280,000 | $18,225,000 | 190.2% | 1.0% |
| Fulton Bank | $10,915,000 | $17,300,000 | 58.5% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $15,520,000 | $16,445,000 | 6.0% | 0.9% |
| NFM, INC. | $9,580,000 | $14,520,000 | 51.6% | 0.8% |
| GREENTREE MORTGAGE COMPANY, L.P. | $10,080,000 | $13,965,000 | 38.5% | 0.8% |
| UBS Bank USA | $18,470,000 | $13,465,000 | -27.1% | 0.8% |
| Advisors Mortgage Group, L.L.C. | $13,160,000 | $13,245,000 | 0.6% | 0.7% |
| 1st Colonial Community Bank | $18,775,000 | $11,985,000 | -36.2% | 0.7% |
| TRUMARK FINANCIAL CREDIT UNION | $22,405,000 | $10,655,000 | -52.4% | 0.6% |
| ALLIED MORTGAGE GROUP, INC. | $3,745,000 | $10,400,000 | 177.7% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $7,265,000 | $10,240,000 | 40.9% | 0.6% |
| Raymond James Bank | $7,210,000 | $8,970,000 | 24.4% | 0.5% |
| Millville Savings Bank | $1,265,000 | $8,835,000 | 598.4% | 0.5% |
| Charles Schwab Bank, SSB | $8,735,000 | $8,710,000 | -0.3% | 0.5% |
| Truist | $5,905,000 | $8,665,000 | 46.7% | 0.5% |
| Meridian Bank Corporation | $11,115,000 | $8,505,000 | -23.5% | 0.5% |
| NATION ONE MORTGAGE CORPORATION | $6,175,000 | $8,180,000 | 32.5% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $5,925,000 | $8,120,000 | 37.0% | 0.5% |
| NVR Mortgage Finance, Inc. | $7,880,000 | n/a | 0.4% | |
| Century Mortgage Company DBA Century Lending Company | $1,350,000 | $7,810,000 | 478.5% | 0.4% |
| Univest Bank and Trust Co. | $11,885,000 | $7,745,000 | -34.8% | 0.4% |
| The Loan Store, Inc. | $2,305,000 | $7,725,000 | 235.1% | 0.4% |
| Mid Penn Bank | $15,305,000 | $7,280,000 | -52.4% | 0.4% |
| AMERICAN HERITAGE FCU | $2,180,000 | $7,245,000 | 232.3% | 0.4% |
| Mortgage Research Center, LLC | $5,570,000 | $7,160,000 | 28.5% | 0.4% |
| NEWREZ LLC | $1,555,000 | $6,960,000 | 347.6% | 0.4% |
| CITADEL FEDERAL CREDIT UNION | $7,470,000 | $6,655,000 | -10.9% | 0.4% |
| Webster Bank | $6,305,000 | $6,630,000 | 5.2% | 0.4% |
| LOANDEPOT.COM, LLC | $6,280,000 | $6,435,000 | 2.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,595,000 | $6,365,000 | 145.3% | 0.4% |
| RF Renovo Management Company, LLC | $13,135,000 | $6,280,000 | -52.2% | 0.4% |
| Firstrust Savings Bank | $23,470,000 | $6,200,000 | -73.6% | 0.3% |
| ESSA Bank & Trust | $2,880,000 | $6,160,000 | 113.9% | 0.3% |
| FINANCE OF AMERICA REVERSE LLC | $1,750,000 | $6,030,000 | 244.6% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $2,090,000 | $5,855,000 | 180.1% | 0.3% |
| First Citizens Community Bank | $6,810,000 | $5,705,000 | -16.2% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $10,040,000 | $5,670,000 | -43.5% | 0.3% |
| Bethpage Federal Credit Union | $2,560,000 | $5,610,000 | 119.1% | 0.3% |
| Princeton Mortgage Corporation | $4,045,000 | $5,220,000 | 29.0% | 0.3% |
| DHI MORTGAGE COMPANY, LTD. | $1,840,000 | $5,150,000 | 179.9% | 0.3% |
| NJ LENDERS CORP. | $4,275,000 | $5,130,000 | 20.0% | 0.3% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $4,670,000 | n/a | 0.3% | |
| First National Bank of Pennsylvania | $5,780,000 | $4,450,000 | -23.0% | 0.3% |
| Manasquan Bank | $1,615,000 | $4,425,000 | 174.0% | 0.2% |
| Goldman Sachs Bank USA | $11,860,000 | $4,410,000 | -62.8% | 0.2% |
| Diamond Credit Union | $695,000 | $4,230,000 | 508.6% | 0.2% |
| LENDINGONE, LLC | $155,000 | $3,985,000 | 2,471.0% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $1,110,000 | $3,965,000 | 257.2% | 0.2% |
| Century Savings Bank | $3,375,000 | $3,945,000 | 16.9% | 0.2% |
| CLIFFCO, INC. | $3,920,000 | n/a | 0.2% | |
| JERSEY SHORE FEDERAL CREDIT UNION | $2,760,000 | $3,830,000 | 38.8% | 0.2% |
| NP, Inc. | $370,000 | $3,595,000 | 871.6% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $3,340,000 | $3,570,000 | 6.9% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $2,195,000 | $3,535,000 | 61.0% | 0.2% |
| Stifel Bank and Trust | $2,235,000 | $3,460,000 | 54.8% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,290,000 | $3,435,000 | 4.4% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,170,000 | $3,415,000 | 191.9% | 0.2% |
| Gateway First Bank | $3,405,000 | $3,350,000 | -1.6% | 0.2% |
| UNION HOME MORTGAGE CORP. | $325,000 | $3,305,000 | 916.9% | 0.2% |
| Citadel Servicing Corporation | $155,000 | $3,255,000 | 2,000.0% | 0.2% |
| BHCU | $5,255,000 | $3,220,000 | -38.7% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,775,000 | $3,205,000 | 15.5% | 0.2% |
| Hometown Equity Mortgage, LLC | $365,000 | $3,200,000 | 776.7% | 0.2% |
| EMM LOANS LLC | $4,690,000 | $3,185,000 | -32.1% | 0.2% |
| OCMBC, INC. | $1,940,000 | $3,145,000 | 62.1% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $430,000 | $3,115,000 | 624.4% | 0.2% |
| NATIONS DIRECT MORTGAGE, LLC | $2,070,000 | $2,975,000 | 43.7% | 0.2% |
| City National Bank | $1,750,000 | $2,955,000 | 68.9% | 0.2% |
| Franklin Bank | $3,265,000 | $2,955,000 | -9.5% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,260,000 | $2,950,000 | 134.1% | 0.2% |
| United Nations Federal Credit Union | $2,945,000 | n/a | 0.2% | |
| Northpointe Bank | $4,200,000 | $2,930,000 | -30.2% | 0.2% |
| Discover Bank | $1,260,000 | $2,865,000 | 127.4% | 0.2% |
| Orrstown Bank | $2,840,000 | n/a | 0.2% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,255,000 | $2,705,000 | 20.0% | 0.2% |
| Cornerstone First Mortgage, Inc | $335,000 | $2,680,000 | 700.0% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,750,000 | $2,615,000 | 49.4% | 0.1% |
| BNY Mellon | $2,605,000 | n/a | 0.1% | |
| The Huntington National Bank | $2,575,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $1,835,000 | $2,570,000 | 40.1% | 0.1% |
| The Federal Savings Bank | $395,000 | $2,565,000 | 549.4% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $500,000 | $2,560,000 | 412.0% | 0.1% |
| FRANKLIN MINT | $3,370,000 | $2,480,000 | -26.4% | 0.1% |
| Flagstar Bank, FSB | $4,515,000 | $2,440,000 | -46.0% | 0.1% |
| ENVOY MORTGAGE, LTD | $725,000 | $2,435,000 | 235.9% | 0.1% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $2,450,000 | $2,410,000 | -1.6% | 0.1% |
| William Penn Bank | $615,000 | $2,360,000 | 283.7% | 0.1% |
| The Fidelity Deposit and Discount Bank | $910,000 | $2,270,000 | 149.5% | 0.1% |
| MLD MORTGAGE INC. | $920,000 | $2,220,000 | 141.3% | 0.1% |
| SILVER HILL FUNDING, LLC | $2,210,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $290,000 | $2,095,000 | 622.4% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $785,000 | $2,085,000 | 165.6% | 0.1% |
| Newfield National Bank | $3,490,000 | $2,065,000 | -40.8% | 0.1% |
| PHH Mortgage Corporation | $525,000 | $2,060,000 | 292.4% | 0.1% |
| Philadelphia Mortgage Advisors, Inc. | $2,075,000 | $2,000,000 | -3.6% | 0.1% |
| Pennsville National Bank | $85,000 | $1,990,000 | 2,241.2% | 0.1% |
| BAY EQUITY LLC | $760,000 | $1,985,000 | 161.2% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $2,510,000 | $1,975,000 | -21.3% | 0.1% |
| Waterstone Mortgage Corporation | $1,970,000 | n/a | 0.1% | |
| Affiliated Bank | $1,955,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,800,000 | $1,935,000 | 7.5% | 0.1% |
| TOWER | $1,895,000 | $1,915,000 | 1.1% | 0.1% |
| First-Citizens Bank & Trust Company | $1,860,000 | n/a | 0.1% | |
| Sharon Bank | $215,000 | $1,860,000 | 765.1% | 0.1% |
| FREEDOM CREDIT UNION | $1,860,000 | $1,825,000 | -1.9% | 0.1% |
| PLANET HOME LENDING, LLC | $905,000 | $1,825,000 | 101.7% | 0.1% |
| First National Bank of America | $830,000 | $1,775,000 | 113.9% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,685,000 | $1,770,000 | 5.0% | 0.1% |
| Provident Bank | $2,405,000 | $1,715,000 | -28.7% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $1,655,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $1,670,000 | $1,630,000 | -2.4% | 0.1% |
| Citizens & Northern Bank | $525,000 | $1,610,000 | 206.7% | 0.1% |
| BOND STREET MORTGAGE, LLC | $335,000 | $1,605,000 | 379.1% | 0.1% |
| AFFORDABLE MORTGAGE ADVISORS, LLC. | $1,505,000 | n/a | 0.1% | |
| Ardent Federal Credit Union | $935,000 | $1,500,000 | 60.4% | 0.1% |
| Penn Community Bank | $2,810,000 | $1,500,000 | -46.6% | 0.1% |
| York Traditions Bank | $175,000 | $1,485,000 | 748.6% | 0.1% |
| Columbia Bank | $1,325,000 | $1,445,000 | 9.1% | 0.1% |
| Hyperion Bank | $1,600,000 | $1,425,000 | -10.9% | 0.1% |
| First Federal Bank | $1,415,000 | n/a | 0.1% | |
| United Savings Bank | $970,000 | $1,370,000 | 41.2% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,190,000 | $1,365,000 | -67.4% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,060,000 | $1,360,000 | 28.3% | 0.1% |
| Quaint Oak Mortgage, LLC | $235,000 | $1,335,000 | 468.1% | 0.1% |
| AFFINITY | $1,330,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $3,940,000 | $1,260,000 | -68.0% | 0.1% |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $455,000 | $1,250,000 | 174.7% | 0.1% |
| ITHINK FINANCIAL Credit Union | $1,245,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,245,000 | n/a | 0.1% | |
| Third Federal Savings and Loan Association of Cleveland | $1,275,000 | $1,240,000 | -2.7% | 0.1% |
| OAKTREE FUNDING CORP. | $1,660,000 | $1,235,000 | -25.6% | 0.1% |
| MILLENIUM HOME MORTGAGE, LLC | $1,220,000 | n/a | 0.1% | |
| Haddon Savings Bank | $585,000 | $1,195,000 | 104.3% | 0.1% |
| PINNACLE MORTGAGE, INC. | $1,715,000 | $1,190,000 | -30.6% | 0.1% |
| Cornerstone Bank | $3,070,000 | $1,180,000 | -61.6% | 0.1% |
| Presidential Bank, FSB | $3,270,000 | $1,165,000 | -64.4% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,160,000 | n/a | 0.1% | |
| Acre Mortgage and Financial Inc | $1,985,000 | $1,155,000 | -41.8% | 0.1% |
| Commerce Home Mortgage, Inc. | $3,915,000 | $1,155,000 | -70.5% | 0.1% |
| ARC HOME LLC | $3,750,000 | $1,145,000 | -69.5% | 0.1% |
| GREENWAY MORTGAGE FUNDING CORP. | $1,135,000 | $1,125,000 | -0.9% | 0.1% |
| Florida Capital Bank | $395,000 | $1,120,000 | 183.5% | 0.1% |
| USAA Federal Savings Bank | $765,000 | $1,115,000 | 45.8% | 0.1% |
| Kearny Bank | $680,000 | $1,105,000 | 62.5% | 0.1% |
| MORTGAGE EQUITY PARTNERS LLC | $1,100,000 | n/a | 0.1% | |
| NBKC BANK | $640,000 | $1,100,000 | 71.9% | 0.1% |
| ABERDEEN PROVING GROUND FEDERAL CREDIT UNION | $1,065,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $265,000 | $995,000 | 275.5% | 0.1% |
| Magyar Bank | $955,000 | n/a | 0.1% | |
| Axos Bank | $930,000 | n/a | 0.1% | |
| Northeast Equitable Mortgage, LLC | $935,000 | $930,000 | -0.5% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $920,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $915,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $2,315,000 | $915,000 | -60.5% | 0.1% |
| State Financial Network, LLC | $1,805,000 | $900,000 | -50.1% | 0.1% |
| S&T Bank | $3,100,000 | $860,000 | -72.3% | 0.0% |
| Figure Lending LLC | $610,000 | $820,000 | 34.4% | 0.0% |
| FINANCIAL RESOURCES FEDERAL CREDIT UNION | $1,205,000 | $805,000 | -33.2% | 0.0% |
| GSF Mortgage Corporation | $700,000 | $800,000 | 14.3% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $235,000 | $800,000 | 240.4% | 0.0% |
| Phoenixville Federal Bank and Trust | $960,000 | $795,000 | -17.2% | 0.0% |
| 21ST MORTGAGE CORPORATION | $615,000 | $770,000 | 25.2% | 0.0% |
| JMAC LENDING, INC. | $265,000 | $770,000 | 190.6% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $815,000 | $765,000 | -6.1% | 0.0% |
| LENDING CAPITAL GROUP Inc | $530,000 | $765,000 | 44.3% | 0.0% |
| Customers Bank | $610,000 | $755,000 | 23.8% | 0.0% |
| T2 FINANCIAL LLC | $355,000 | $755,000 | 112.7% | 0.0% |
| V.I.P. MORTGAGE, INC. | $745,000 | n/a | 0.0% | |
| FIRST HOME MORTGAGE CORPORATION | $725,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $725,000 | n/a | 0.0% | |
| PIKE CREEK MORTGAGE SERVICES, INC. | $1,040,000 | $720,000 | -30.8% | 0.0% |
| Ukrainian Selfreliance Federal Credit Union | $1,690,000 | $705,000 | -58.3% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $155,000 | $700,000 | 351.6% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $465,000 | $700,000 | 50.5% | 0.0% |
| Keystone Funding, Inc. | $1,890,000 | $695,000 | -63.2% | 0.0% |
| Ixonia Bank | $900,000 | $680,000 | -24.4% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $520,000 | $675,000 | 29.8% | 0.0% |
| ALLIANT CREDIT UNION | $175,000 | $660,000 | 277.1% | 0.0% |
| USAlliance Federal Credit Union | $505,000 | $660,000 | 30.7% | 0.0% |
| Inspire Federal Credit Union | $640,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $635,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $600,000 | n/a | 0.0% | |
| Center City Mortgage and Investments LLC | $565,000 | n/a | 0.0% | |
| Somerset Savings Bank, SLA | $565,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $1,630,000 | $560,000 | -65.6% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $415,000 | $560,000 | 34.9% | 0.0% |
| APCI Federal Credit Union | $560,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $560,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $555,000 | n/a | 0.0% | |
| SOUTH JERSEY | $895,000 | $550,000 | -38.5% | 0.0% |
| CNB Bank Inc. | $535,000 | n/a | 0.0% | |
| DEVELOPER'S MORTGAGE COMPANY | $845,000 | $515,000 | -39.1% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $505,000 | n/a | 0.0% | |
| Residential Mortgage Solutions, Inc. | $475,000 | n/a | 0.0% | |
| First National Bank of Absecon | $640,000 | $470,000 | -26.6% | 0.0% |
| Greenbox Loans, Inc. | $470,000 | n/a | 0.0% | |
| First Resource Bank | $6,380,000 | $465,000 | -92.7% | 0.0% |
| GLENDENNING MORTGAGE CORPORATION | $385,000 | $455,000 | 18.2% | 0.0% |
| Coastal Community Bank | $450,000 | n/a | 0.0% | |
| Fifth Third Bank | $295,000 | $440,000 | 49.2% | 0.0% |
| LOANPAL, LLC | $215,000 | $440,000 | 104.7% | 0.0% |
| Tompkins Trust Company | $435,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $425,000 | n/a | 0.0% | |
| Monroe Savings Bank | $850,000 | $425,000 | -50.0% | 0.0% |
| FIRST HERITAGE FINANCIAL, LLC | $2,325,000 | $415,000 | -82.2% | 0.0% |
| GUILD MORTGAGE COMPANY | $125,000 | $410,000 | 228.0% | 0.0% |
| Arvest Bank | $405,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $65,000 | $405,000 | 523.1% | 0.0% |
| PEOPLE FIRST | $395,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $385,000 | n/a | 0.0% | |
| Gulf Coast Bank and Trust Company | $375,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $555,000 | $365,000 | -34.2% | 0.0% |
| The Ephrata National Bank | $1,425,000 | $365,000 | -74.4% | 0.0% |
| HOMESTEAD FUNDING CORP. | $355,000 | n/a | 0.0% | |
| First Savings Bank | $335,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $1,965,000 | $335,000 | -83.0% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $325,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $315,000 | n/a | 0.0% | |
| Ponce Bank | $315,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $315,000 | n/a | 0.0% | |
| WALL STREET MORTGAGE BANKERS, LTD. | $185,000 | $285,000 | 54.1% | 0.0% |
| AmeriHome Mortgage Company, LLC | $275,000 | n/a | 0.0% | |
| Princeton Federal Credit Union | $275,000 | n/a | 0.0% | |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $265,000 | n/a | 0.0% | |
| ABCO Federal Credit Union | $345,000 | $265,000 | -23.2% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $265,000 | n/a | 0.0% | |
| Abacus Federal Savings Bank | $255,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $460,000 | $255,000 | -44.6% | 0.0% |
| FEDERATED MORTGAGE CORP. | $255,000 | $255,000 | 0.0% | 0.0% |
| Nations Lending Corporation | $215,000 | $255,000 | 18.6% | 0.0% |
| Performance Financial, Inc. | $255,000 | n/a | 0.0% | |
| Sun East Federal Credit Union | $415,000 | $255,000 | -38.6% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $735,000 | $255,000 | -65.3% | 0.0% |
| Amboy Bank | $245,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $725,000 | $245,000 | -66.2% | 0.0% |
| S1L, Inc. | $245,000 | n/a | 0.0% | |
| GREENWOOD | $115,000 | $240,000 | 108.7% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $275,000 | $235,000 | -14.5% | 0.0% |
| A&D Mortgage LLC | $115,000 | $225,000 | 95.7% | 0.0% |
| Jonestown Bank and Trust Company, of Jonestown, Pennsylvania | $405,000 | $225,000 | -44.4% | 0.0% |
| INTERSTATE HOME LOAN CENTER, INC. | $215,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| Mortgage America, Inc. | $1,475,000 | $205,000 | -86.1% | 0.0% |
| NATIONWIDE EQUITIES CORPORATION | $205,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $35,000 | $205,000 | 485.7% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $195,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $195,000 | n/a | 0.0% | |
| Plains Commerce Bank | $405,000 | $195,000 | -51.9% | 0.0% |
| BCB Community Bank | $505,000 | $185,000 | -63.4% | 0.0% |
| Centier Bank | $150,000 | $185,000 | 23.3% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $185,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $165,000 | n/a | 0.0% | |
| Connexus Credit Union | $95,000 | $165,000 | 73.7% | 0.0% |
| MDE Home Loans, LLC | $365,000 | $165,000 | -54.8% | 0.0% |
| First Hope Bank, A National Banking Association | $155,000 | n/a | 0.0% | |
| Summit Mortgage Corporation | $155,000 | n/a | 0.0% | |
| FIRST ATLANTIC FEDERAL CREDIT UNION | $130,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $125,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $85,000 | $125,000 | 47.1% | 0.0% |
| The People's Credit Union | $115,000 | n/a | 0.0% | |
| BayCoast Bank | $110,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $1,815,000 | $105,000 | -94.2% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| DEXSTA | $75,000 | n/a | 0.0% | |
| Members 1st of NJ Federal Credit Union | $75,000 | n/a | 0.0% | |
| Northfield Bank | $105,000 | $75,000 | -28.6% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $130,000 | $65,000 | -50.0% | 0.0% |
| CREDIT UNION OF NEW JERSEY | $480,000 | $55,000 | -88.5% | 0.0% |
| ALL IN | $45,000 | n/a | 0.0% | |
| Bay Atlantic Federal Credit Union | $35,000 | n/a | 0.0% | |
| CORNING | $25,000 | n/a | 0.0% |
OCEAN CITY's top lender by overall market share is Citizens Bank, with 10.6% market share. In second place, with 5.1%, is U.S. Bank, having originated $89,840,000 in loans. In third place, with 3.5%, is TD Bank, having originated $62,470,000 in loans. In fourth place, with 3.4%, is OceanFirst Bank, having originated $60,200,000 in loans. In fifth place, with 3.1%, is QUICKEN LOANS, LLC, having originated $55,180,000 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%) | $686,088 (11.8%) | 0.00 | 2,141 |
| 2018-02-01 | $412,225 (3.3%) | $699,840 (10.6%) | 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%) | $711,945 (9.6%) | 0.00 | 2,217 |
| 2018-06-01 | $413,250 (5.1%) | $727,118 (10.1%) | 0.00 | 2,164 |
| 2018-07-01 | $411,850 (5.6%) | $744,041 (11.1%) | 0.00 | 2,129 |
| 2018-08-01 | $408,500 (7.5%) | $754,201 (12.3%) | 0.00 | 2,153 |
| 2018-09-01 | $414,950 (6.4%) | $746,821 (11.7%) | 0.00 | 2,178 |
| 2018-10-01 | $419,450 (5.1%) | $754,753 (11.2%) | 0.00 | 2,183 |
| 2018-11-01 | $423,725 (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 | $428,075 (7.1%) | $756,698 (10.3%) | 0.00 | 2,046 |
| 2019-02-01 | $441,950 (7.2%) | $767,394 (9.7%) | 0.00 | 2,135 |
| 2019-03-01 | $440,657 (6.2%) | $760,432 (7.2%) | 0.00 | 2,189 |
| 2019-04-01 | $435,000 (3.7%) | $747,706 (4.1%) | 0.00 | 2,215 |
| 2019-05-01 | $433,625 (7.2%) | $739,312 (3.8%) | 0.00 | 2,186 |
| 2019-06-01 | $448,500 (8.5%) | $741,204 (1.9%) | 0.00 | 2,124 |
| 2019-07-01 | $449,000 (9.0%) | $759,867 (2.1%) | 0.00 | 2,050 |
| 2019-08-01 | $449,000 (9.9%) | $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 (8.2%) | $766,251 (1.5%) | 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 (12.1%) | $1,030,324 (36.2%) | 0.00 | 1,686 |
| 2020-02-01 | $485,000 (9.7%) | $1,053,221 (37.3%) | 0.00 | 1,697 |
| 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 (15.1%) | $829,298 (12.2%) | 0.00 | 1,570 |
| 2020-06-01 | $512,500 (14.3%) | $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%) | $936,363 (19.9%) | 0.00 | 962 |
| 2020-12-01 | $552,250 (16.3%) | $938,647 (19.5%) | 0.00 | 881 |
| 2021-01-01 | $559,000 (16.5%) | $944,565 (-8.3%) | 0.00 | 749 |
| 2021-02-01 | $594,450 (22.6%) | $1,042,501 (-1.0%) | 0.00 | 602 |
| 2021-03-01 | $649,725 (31.4%) | $1,085,558 (31.8%) | 0.00 | 609 |
| 2021-04-01 | $649,950 (30.3%) | $1,166,510 (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%) | $1,144,741 (25.6%) | 0.00 | 740 |
| 2021-07-01 | $619,000 (23.8%) | $1,083,934 (16.9%) | 0.00 | 768 |
| 2021-08-01 | $626,973 (26.7%) | $1,084,223 (20.3%) | 0.00 | 851 |
| 2021-09-01 | $599,943 (14.8%) | $1,048,410 (17.6%) | 0.00 | 913 |
| 2021-10-01 | $649,000 (22.7%) | $1,077,306 (18.3%) | 0.00 | 888 |
| 2021-11-01 | $695,000 (26.4%) | $1,143,238 (22.1%) | 0.00 | 812 |
| 2021-12-01 | $677,450 (22.7%) | $1,140,091 (21.5%) | 0.00 | 750 |
| 2022-01-01 | $689,000 (23.3%) | $1,188,813 (25.9%) | 0.00 | 615 |
| 2022-02-01 | $738,000 (24.2%) | $1,257,453 (20.6%) | 0.00 | 563 |
| 2022-03-01 | $767,950 (18.2%) | $1,294,309 (19.2%) | 0.00 | 545 |
| 2022-04-01 | $792,500 (21.9%) | $1,373,419 (17.7%) | 0.00 | 576 |
| 2022-05-01 | $797,450 (18.1%) | $1,378,253 (16.5%) | 0.00 | 684 |
| 2022-06-01 | $775,000 (17.4%) | $1,371,150 (19.8%) | 0.00 | 758 |
| 2022-07-01 | $724,900 (17.1%) | $1,301,540 (20.1%) | 0.00 | 863 |
| 2022-08-01 | $746,550 (19.1%) | $1,333,912 (23.0%) | 0.00 | 874 |
| 2022-09-01 | $794,500 (32.4%) | $1,331,001 (27.0%) | 0.00 | 884 |
| 2022-10-01 | $799,900 (23.3%) | $1,342,416 (24.6%) | 0.00 | 913 |
| 2022-11-01 | $799,950 (15.1%) | $1,370,826 (19.9%) | 0.00 | 899 |
| 2022-12-01 | $824,900 (21.8%) | $1,361,256 (19.4%) | 0.00 | 834 |
| 2023-01-01 | $835,000 (21.2%) | $1,421,437 (19.6%) | 0.00 | 769 |
| 2023-02-01 | $889,500 (20.5%) | $1,458,037 (16.0%) | 0.00 | 753 |
| 2023-03-01 | $899,000 (17.1%) | $1,514,079 (17.0%) | 0.00 | 737 |
| 2023-04-01 | $899,000 (13.4%) | $1,520,524 (10.7%) | 0.00 | 714 |
| 2023-05-01 | $935,750 (17.3%) | $1,568,262 (13.8%) | 0.00 | 702 |
| 2023-06-01 | $962,991 (24.3%) | $1,650,580 (20.4%) | 0.00 | 702 |
| 2023-07-01 | $974,450 (34.4%) | $1,683,743 (29.4%) | 0.00 | 711 |
| 2023-08-01 | $994,000 (33.2%) | $1,734,322 (30.0%) | 0.00 | 690 |
| 2023-09-01 | $950,000 (19.6%) | $1,710,854 (28.5%) | 0.00 | 725 |
| 2023-10-01 | $926,450 (15.8%) | $1,607,532 (19.8%) | 0.00 | 784 |
| 2023-11-01 | $884,112 (10.5%) | $1,552,095 (13.2%) | 0.00 | 805 |
| 2023-12-01 | $900,000 (9.1%) | $1,565,212 (15.0%) | 0.00 | 775 |
| 2024-01-01 | $924,975 (10.8%) | $1,571,207 (10.5%) | 0.00 | 705 |
| 2024-02-01 | $899,900 (1.2%) | $1,579,666 (8.3%) | 0.00 | 729 |
| 2024-03-01 | $919,450 (2.3%) | $1,632,957 (7.9%) | 0.00 | 794 |
| 2024-04-01 | $949,000 (5.6%) | $1,667,846 (9.7%) | 0.00 | 814 |
| 2024-05-01 | $973,500 (4.0%) | $1,668,007 (6.4%) | 0.00 | 827 |
| 2024-06-01 | $939,900 (-2.4%) | $1,678,984 (1.7%) | 0.00 | 866 |
| 2024-07-01 | $924,450 (-5.1%) | $1,698,393 (0.9%) | 0.00 | 842 |
| 2024-08-01 | $899,900 (-9.5%) | $1,747,280 (0.8%) | 0.00 | 822 |
| 2024-09-01 | $899,000 (-5.4%) | $1,684,323 (-1.6%) | 0.00 | 872 |
| 2024-10-01 | $891,694 (-3.8%) | $1,606,299 (-0.1%) | 0.00 | 903 |
| 2024-11-01 | $869,000 (-1.7%) | $1,575,477 (1.5%) | 0.00 | 897 |
| 2024-12-01 | $862,500 (-4.2%) | $1,532,753 (-2.1%) | 0.00 | 812 |
OCEAN CITY's median listing price for 2024-12-01 was $862,500, a difference of
$-37,500
(-4.2%) versus the prior year and
$-6,500 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 2024-12-01 was $1,532,753, a difference of $-32,459 (-2.1%) versus the prior year and $-42,724 versus the prior month.
For the 2024-12-01 period, OCEAN CITY had 812 MLS listings, a difference of -85 listings (-9%) versus the prior month and 37 listings (5%) 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 2024-12-01 was $1,532,753, a difference of $-32,459 (-2.1%) versus the prior year and $-42,724 versus the prior month.
For the 2024-12-01 period, OCEAN CITY had 812 MLS listings, a difference of -85 listings (-9%) versus the prior month and 37 listings (5%) 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 | 1,590 sqft |
| 2018-02-01 | 0 days | 1,590 sqft |
| 2018-03-01 | 0 days | 1,592 sqft |
| 2018-04-01 | 0 days | 1,600 sqft |
| 2018-05-01 | 0 days | 1,592 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 | 1,580 sqft |
| 2018-10-01 | 0 days | 1,577 sqft |
| 2018-11-01 | 0 days | 1,567 sqft |
| 2018-12-01 | 0 days | 1,564 sqft |
| 2019-01-01 | 0 days | 1,567 sqft |
| 2019-02-01 | 0 days | 1,549 sqft |
| 2019-03-01 | 0 days | 1,520 sqft |
| 2019-04-01 | 0 days | 1,520 sqft |
| 2019-05-01 | 0 days | 1,527 sqft |
| 2019-06-01 | 0 days | 1,560 sqft |
| 2019-07-01 | 0 days | 1,578 sqft |
| 2019-08-01 | 0 days | 1,592 sqft |
| 2019-09-01 | 0 days | 1,606 sqft |
| 2019-10-01 | 0 days | 1,615 sqft |
| 2019-11-01 | 0 days | 1,622 sqft |
| 2019-12-01 | 0 days | 1,601 sqft |
| 2020-01-01 | 0 days | 1,600 sqft |
| 2020-02-01 | 0 days | 1,615 sqft |
| 2020-03-01 | 0 days | 1,656 sqft |
| 2020-04-01 | 0 days | 1,679 sqft |
| 2020-05-01 | 0 days | 1,700 sqft |
| 2020-06-01 | 0 days | 1,732 sqft |
| 2020-07-01 | 0 days | 1,718 sqft |
| 2020-08-01 | 0 days | 1,680 sqft |
| 2020-09-01 | 0 days | 1,601 sqft |
| 2020-10-01 | 0 days | 1,600 sqft |
| 2020-11-01 | 0 days | 1,608 sqft |
| 2020-12-01 | 0 days | 1,629 sqft |
| 2021-01-01 | 0 days | 1,680 sqft |
| 2021-02-01 | 0 days | 1,686 sqft |
| 2021-03-01 | 0 days | 1,585 sqft |
| 2021-04-01 | 0 days | 1,603 sqft |
| 2021-05-01 | 0 days | 1,700 sqft |
| 2021-06-01 | 0 days | 1,658 sqft |
| 2021-07-01 | 0 days | 1,597 sqft |
| 2021-08-01 | 0 days | 1,587 sqft |
| 2021-09-01 | 0 days | 1,550 sqft |
| 2021-10-01 | 0 days | 1,549 sqft |
| 2021-11-01 | 0 days | 1,600 sqft |
| 2021-12-01 | 0 days | 1,600 sqft |
| 2022-01-01 | 0 days | 1,637 sqft |
| 2022-02-01 | 0 days | 1,668 sqft |
| 2022-03-01 | 0 days | 1,720 sqft |
| 2022-04-01 | 0 days | 1,700 sqft |
| 2022-05-01 | 0 days | 1,785 sqft |
| 2022-06-01 | 0 days | 1,736 sqft |
| 2022-07-01 | 0 days | 1,677 sqft |
| 2022-08-01 | 0 days | 1,653 sqft |
| 2022-09-01 | 0 days | 1,699 sqft |
| 2022-10-01 | 0 days | 1,732 sqft |
| 2022-11-01 | 0 days | 1,703 sqft |
| 2022-12-01 | 0 days | 1,640 sqft |
| 2023-01-01 | 0 days | 1,700 sqft |
| 2023-02-01 | 0 days | 1,704 sqft |
| 2023-03-01 | 0 days | 1,717 sqft |
| 2023-04-01 | 0 days | 1,736 sqft |
| 2023-05-01 | 0 days | 1,750 sqft |
| 2023-06-01 | 0 days | 1,734 sqft |
| 2023-07-01 | 0 days | 1,810 sqft |
| 2023-08-01 | 0 days | 1,814 sqft |
| 2023-09-01 | 0 days | 1,734 sqft |
| 2023-10-01 | 0 days | 1,710 sqft |
| 2023-11-01 | 0 days | 1,665 sqft |
| 2023-12-01 | 0 days | 1,710 sqft |
| 2024-01-01 | 0 days | 1,700 sqft |
| 2024-02-01 | 0 days | 1,711 sqft |
| 2024-03-01 | 0 days | 1,702 sqft |
| 2024-04-01 | 0 days | 1,735 sqft |
| 2024-05-01 | 0 days | 1,755 sqft |
| 2024-06-01 | 0 days | 1,786 sqft |
| 2024-07-01 | 0 days | 1,822 sqft |
| 2024-08-01 | 0 days | 1,808 sqft |
| 2024-09-01 | 0 days | 1,753 sqft |
| 2024-10-01 | 0 days | 1,713 sqft |
| 2024-11-01 | 0 days | 1,636 sqft |
| 2024-12-01 | 0 days | 1,610 sqft |
OCEAN CITY's median listing age (time on market) for 2024-12-01 was 0 days.
OCEAN CITY's median square footage for active listings during the 2024-12-01 period was 1,610 sqft. One year prior, the average listing was 1,710 sqft.
OCEAN CITY's median square footage for active listings during the 2024-12-01 period was 1,610 sqft. One year prior, the average listing was 1,710 sqft.
OCEAN CITY, NJ Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,981 | $1,265,735,000 | $638,937 |
| Home Improvement | 455 | $91,685,000 | $201,505 |
| Cash Out Refi | 454 | $151,620,000 | $333,965 |
| Other | 346 | $122,660,000 | $354,509 |
| Refi | 312 | $139,130,000 | $445,929 |
| NA | 2 | $810,000 | $405,000 |
Ocean City's most frequently cited loan purpose was Home Purchase, with 1,981 originations. The 2nd most popular reason was Home Improvement, with 455 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,270 | $703,550,000 | $553,976 |
| 7-8% | 754 | $331,760,000 | $440,000 |
| Over 8% | 719 | $216,925,000 | $301,704 |
| 5-6% | 405 | $332,085,000 | $819,963 |
| 4-5% | 25 | $19,055,000 | $762,200 |
| 3-4% | 13 | $4,265,000 | $328,077 |
| <2.5% | 3 | $1,605,000 | $535,000 |
During 2024, Ocean City's most frequently originated rate bucket was 6-7%, with 1,270 originations.
Loan Sizing (OCEAN CITY, NJ MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,072 | $314,600,000 | $293,470 |
| $400k-600k | 619 | $299,065,000 | $483,142 |
| $100k-200k | 508 | $73,170,000 | $144,035 |
| $600k-1000k | 494 | $371,560,000 | $752,146 |
| $100,000 or less | 459 | $25,695,000 | $55,980 |
| $Over $1MM | 398 | $687,550,000 | $1,727,513 |
OCEAN CITY's loan sizing saw the bucket of loans from $200k-400k with 1,072 originations, totaling $314,600,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 998 | $712,460,000 | $713,888 |
| 80-100% | 584 | $348,230,000 | $596,284 |
| Under 20% | 537 | $71,695,000 | $133,510 |
| 40-60% | 516 | $289,090,000 | $560,252 |
| 20-40% | 499 | $152,875,000 | $306,363 |
| Over 100% | 23 | $25,165,000 | $1,094,130 |
OCEAN CITY's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 998 originations, totaling $712,460,000 in origination value.