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Market Intelligence · MD / Ocean City

Ocean City, MD 21842 Housing Market

The typical home value in Ocean City, MD 21842 is $444,850, down 0.8% over the past year as of September 2026. The median list price is $465,000, and homes are spending a median of 86 days on market.

Updated September 2026Median value$445K

The median home value in Ocean City, MD 21842 is $445K as of September 2026, down 0.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 21842 range

$409K to $480K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.8% over 12 months

Typical home value in 21842 over the last 12 months: $448K in Sep 2025 to $445K in Sep 2026 (-0.8%).

Sep 2025$448K

Sep 2026$445K

The numbers

What is the 21842 housing market like?

Typical home value

$445K

Down0.8%YoY

Median list price

$465K

Up3.6%MoM

Days on market

86

Down13.1%MoM

Homes for sale

534

Up9.9%MoM

Price cuts

13.9%

Down13.5%MoM

New listings

162

Up39.7%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

21842 housing market forecast 2027

+0.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 21842 to stay roughly flat by September 2027 (up 0.4%).

Over the 12 months through September 2026, typical home values in 21842 fell 0.8%, per the Zillow Home Value Index.

Will home prices drop in 21842?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 21842 to stay roughly flat by September 2027 (up 0.4%), after a 0.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 21842 home prices compare?

  • 21842$444,850
  • Ocean City$444,850
  • Maryland$444,850
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Ocean City: 1 ZIP; Maryland: 423 ZIPs; United States: 26,262 ZIPs).

Context

There are 534 homes for sale in 21842 as of September 2026, with 162 new listings hitting the market that month. The median list price sits at $465,000, while the typical home value is $444,850 and down 0.8% over the past year. Homes are taking a median of 86 days to sell, so buyers have time to look around. About 13.9% of listings have taken a price cut. For a seller, this is a market where pricing right from the start matters, because buyers have options and overpriced homes are sitting.

Monthly payment

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20% · $88,970

Common questions

What people ask us.

How much is a home in 21842 worth?

The typical home value in Ocean City, MD 21842 is $444,850 as of September 2026, down 0.8% over the past year.

How long does it take to sell a home in 21842?

Homes in 21842 are spending a median of 86 days on market as of September 2026.

Are home prices dropping in 21842?

The typical home value is down 0.8% over the past year, and 13.9% of active listings have taken a price cut as of September 2026.

Keep reading

Guides for sellers.