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South Jersey Market Report

December 2022

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 264 40 34 27 12% 42 44 1.2m 7.8
Somers Point 49 8 7 5 14% 19 12 373k 7.0
EHT 184 31 22 15 11% 39 42 291k 8.4
Atlantic City 296 41 23 55 7% 79 35 243k 12.9
Upper Twp. 49 1 5 2 10% 54 8 423k 9.8
Ventnor 85 12 13 9 15% 70 20 584k 6.5
Margate 94 17 6 4 6% 46 14 1.1m 15.7
Longport 9 1 0 0 0% 28 2 1.6m 0.0
Brigantine 89 5 10 19 11% 53 17 720k 8.9
Galloway 178 29 22 12 12% 32 34 269k 8.1
Absecon 42 5 6 4 14% 48 12 270k 7.0
Linwood 30 3 5 2 16% 46 12 370k 6.0
Northfield 20 4 4 3 20% 26 10 311k 5.0
Pleasantville 70 12 8 9 11 59 10 197k 8.8
Strathmere 5 1 0 0 0% 0 0.0
Sea Isle City 54 5 8 4 14% 152 10 2m 6.8
Avalon 60 5 7 5 11% 119 8 2.6m 8.6
Stone Harbor 23 7 1 2 4% 125 3 4.1m 23.0
Wildwood 85 10 20 10 23% 104 20 438k 4.3
Wildwood Crest 45 4 3 6 6% 111 14 441k 15.0
N. Wildwood 44 7 7 4 15% 87 10 580k 6.3
West Wildwood 6 2 2 0 33% 36 2 283k 3.0
Cape May 51 10 4 5 7% 157 9 1.9m 12.8
Cape May CtHs 55 8 4 3 7% 127 12 367k 13.8
N. Cape May 23 3 3 5 13% 69 12 461k 7.7