Ocean City is a family-friendly dry town town of roughly 11,200 people in Cape May County, part of the Cape May peninsula of New Jersey. Buyers find their way here when the larger Cape May County market doesn't quite have what they're looking for — and many never leave.
On the vacation-rental and second-home side of the market, Ocean City usually trades in step with the Cape May County median of $625,000, with price-per-square-foot heavily influenced by school catchment, lot size, and whether the property has been updated in the last five years.
If you're buying in Ocean City, move fast. Get the financing in writing, set up the alerts, and have your inspection contact on speed dial. If you're selling, the homes that close above ask in Ocean City almost always share three traits: priced correctly the first time, professionally photographed, and ready to show within 24 hours of going live.