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South Jersey Market Report

July 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 226 68 58 25 25% 55 34 1m 3.9
Somers Point 37 7 10 5 27% 33 11 413k 3.7
EHT 151 44 44 9 29% 46 35 378k 3.4
Atlantic City 293 46 45 19 15% 55 31 248k 6.5
Upper Twp. 28 11 11 5 39% 64 6 576k 2.5
Ventnor 75 32 16 5 21% 62 13 793k 4.7
Margate 90 39 22 5 24% 46 15 1.4m 4.1
Longport 16 4 4 2 25% 38 1 750k 4
Brigantine 98 26 26 2 26% 68 15 795k 3.8
Galloway 143 38 27 12 18% 24 31 244k 5.3
Absecon 28 6 7 1 25% 40 5 264k 4
Linwood 34 5 10 2 29% 72 7 731k 3.4
Northfield 27 10 14 1 51% 20 10 406k 1.9
Pleasantville 52 14 18 5 34% 38 9 219k 2.9
Strathmere 2 0 0 0 0% 137 2 1.5m 0
Sea Isle City 51 11 5 2 9% 162 9 1.4m 10.2
Avalon 81 13 18 6 22% 62 8 3.1m 4.5
Stone Harbor 34 5 6 0 17% 133 1 1.8m 5.7
Wildwood 64 22 18 6 28% 78 15 468k 3.6
Wildwood Crest 43 18 27 1 62% 116 13 870k 1.6
N. Wildwood 40 16 11 1 27% 57 6 420k 3.6
West Wildwood 9 4 0 0 0% – 0 – 0
Cape May 41 5 7 2 17% 46 5 1.2m 5.9
Cape May CtHs 64 18 9 1 14% 102 17 395k 7.1
N. Cape May 18 6 1 2 5% 74 7 500k 18

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