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South Jersey Market Report

February 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 286 74 47 30 16% 54 38 1.4m 6.1
Somers Point 44 9 9 2 20% 73 6 302k 4.9
EHT 184 42 34 10 18% 57 28 287k 5.4
Atlantic City 305 58 34 17 11% 165 42 208k 9.0
Upper Twp. 44 16 8 3 18% 105 4 311k 5.5
Ventnor 81 23 14 9 17% 62 15 699k 5.8
Margate 91 28 21 7 23% 59 10 1m 4.3
Longport 17 9 3 0 17% 0 5.7
Brigantine 68 14 29 4 42% 43 17 564k 2.3
Galloway 175 32 33 8 18% 49 31 268k 5.3
Absecon 36 8 6 1 16% 79 8 234k 6.0
Linwood 35 10 9 4 25% 70 5 528k 3.9
Northfield 15 4 5 0 33% 121 3 493k 3.0
Pleasantville 59 11 11 8 18 49 15 216k 5.4
Strathmere 6 1 0 0 0% 0 0.0
Sea Isle City 64 18 18 2 28% 101 6 893k 3.6
Avalon 71 12 9 2 12% 198 5 2.5m 7.9
Stone Harbor 14 2 5 2 35% 87 2 2.8m 2.8
Wildwood 74 23 21 4 28% 103 10 457k 3.5
Wildwood Crest 36 4 13 2 36% 222 7 1m 2.8
N. Wildwood 38 6 16 3 42% 86 7 501k 2.4
West Wildwood 6 0 1 0 16% 151 1 210k 6.0
Cape May 51 6 4 0 7% 113 7 995k 12.8
Cape May CtHs 76 18 12 6 15% 227 10 409k 6.3
N. Cape May 19 3 14 2 75% 117 2 372k 1.4