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South Jersey Market Report

January 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 282 84 36 51 12% 38 35 1.5m 7.8
Somers Point 46 10 10 9 21% 55 10 435k 4.6
EHT 180 38 33 18 18% 62 29 289k 5.5
Atlantic City 306 67 29 42 9% 94 27 179k 10.6
Upper Twp. 40 5 7 3 17% 57 10 576k 5.7
Ventnor 89 22 14 11 15% 44 7 728k 6.4
Margate 95 26 21 11 22% 61 11 1.2m 4.5
Longport 13 2 2 2 15% – 0 – 6.5
Brigantine 90 28 17 16 18% 69 10 641k 5.3
Galloway 168 29 29 23 17% 37 28 238k 5.8
Absecon 39 5 12 6 30% 95 5 255k 3.3
Linwood 37 8 8 4 21% 39 5 406k 4.6
Northfield 16 7 8 4 50% 31 5 299k 2.0
Pleasantville 58 17 16 18 27 91 12 189k 3.6
Strathmere 5 0 0 0 0% – 0 – –
Sea Isle City 64 21 11 7 17% 165 15 1m 5.8
Avalon 68 15 5 9 7% 104 10 3.1m 13.6
Stone Harbor 19 3 2 8 10% 133 4 2.4m 9.5
Wildwood 71 21 23 15 32% 90 19 444k 3.1
Wildwood Crest 46 11 8 9 17% 192 8 637k 5.8
N. Wildwood 38 6 9 3 23% 75 7 632k 4.2
West Wildwood 7 2 3 1 42% 48 2 412k 2.3
Cape May 51 7 6 4 11% 146 9 1.8m 8.5
Cape May CtHs 64 19 12 13 18% 203 5 486k 5.3
N. Cape May 27 9 6 1 22% 91 4 272k 4.5

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