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South Jersey Market Report

May 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 266 75 50 42 18% 53 69 69 5.32
Somers Point 41 8 11 4 26% 17 17 17 3.7
EHT 161 37 33 18 20% 35 35 35 4.9
Atlantic City 292 72 48 28 16% 71 48 48 6.1
Upper Twp. 31 5 3 5 9% 59 19 19 10.3
Ventnor 67 22 12 8 17% 63 25 25 5.6
Margate 85 28 19 15 22% 50 18 18 4.5
Longport 21 7 0 2 0% 19 7 7 0
Brigantine 84 26 16 7 19% 28 28 28 5.3
Galloway 144 28 34 12 23% 70 38 38 4.2
Absecon 34 10 6 2 17% 51 8 8 5.7
Linwood 36 5 9 4 25% 31 9 9 4
Northfield 19 5 14 1 73% 31 8 8 1.4
Pleasantville 51 10 14 2 27% 43 10 10 3.6
Strathmere 4 0 2 0 50% 96 1 1 2
Sea Isle City 48 8 6 3 12% 125 24 24 8
Avalon 92 24 12 4 13% 184 12 12 7.7
Stone Harbor 30 9 1 0 3% 186 9 9 30
Wildwood 66 19 14 11 21% 113 26 26 4.7
Wildwood Crest 39 20 13 1 33% 211 10 10 3
N. Wildwood 37 11 8 2 21% 84 19 19 4.6
West Wildwood 4 0 2 0 50% – 0 0 2
Cape May 54 10 9 1 16% 128 12 12 6
Cape May CtHs 55 14 19 5 34% 169 17 17 2.9
N. Cape May 16 8 6 1 37% 77 9 9 2.7

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