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South Jersey Market Report

March 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 285 73 78 15 27% 53 42 1.2m 3.7
Somers Point 41 12 14 4 34% 69 13 416k 2.9
EHT 178 34 42 22 23% 68 39 327k 4.2
Atlantic City 316 71 50 30 15% 79 30 253k 6.3
Upper Twp. 41 5 14 3 34% 81 7 363k 2.9
Ventnor 70 21 27 14 38% 56 14 599k 2.6
Margate 96 30 17 8 17% 46 20 1.1m 5.6
Longport 13 2 5 1 38% – 0 – 2.6
Brigantine 82 29 26 10 31% 52 29 561k 3.2
Galloway 161 40 53 16 32% 38 40 286k 3.0
Absecon 33 9 9 5 27% 35 5 278k 3.7
Linwood 41 16 14 3 34% 48 9 392k 2.9
Northfield 15 3 9 1 60% 39 8 323k 1.7
Pleasantville 61 22 25 6 40% 55 12 183k 2.4
Strathmere 4 0 2 0 50% – 0 – 2.0
Sea Isle City 65 21 17 5 26% 169 17 1.5m 3.8
Avalon 76 15 11 3 14% 212 10 2.5m 6.9
Stone Harbor 21 10 4 2 19% 253 4 2.9m 5.3
Wildwood 76 18 27 16 35% 117 26 455k 2.8
Wildwood Crest 24 8 29 5 120% 78 14 419k 0.8
N. Wildwood 35 5 12 3 34% 88 11 605k 2.9
West Wildwood 5 1 2 0 40% 43 3 437k 2.5
Cape May 54 9 6 1 11% 128 4 1.8m 9.0
Cape May CtHs 66 16 18 4 27% 127 14 427k 3.7
N. Cape May 18 9 10 0 55% 90 19 442k 1.8

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