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South Jersey Market Report

August 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 242 72 60 16 24% 58 38 1.2m 4
Somers Point 36 12 12 4 33% 60 16 506k 3
EHT 167 42 36 10 21% 34 40 384k 4.6
Atlantic City 304 70 41 17 13% 62 43 277k 7.4
Upper Twp. 29 11 11 3 37% 24 12 483k 2.6
Ventnor 76 25 15 3 19% 55 15 539k 5.1
Margate 72 19 29 2 40% 29 21 1.2m 2.5
Longport 16 5 3 5 18% 9 2 2.2m 5.3
Brigantine 114 9 27 7 23% 39 19 803k 4.2
Galloway 138 30 37 14 26% 30 37 271k 3.7
Absecon 30 11 9 2 30% 20 7 336k 3.3
Linwood 35 12 15 2 42% 45 10 495k 2.3
Northfield 24 6 7 1 29% 19 18 397k 3.4
Pleasantville 60 16 6 3 10% 42 15 172k 10
Strathmere 4 2 0 0 0% 199 1 1.4m 0
Sea Isle City 49 9 17 4 34% 95 4 1.2m 2.9
Avalon 87 21 19 4 21% 123 12 2.7m 4.6
Stone Harbor 31 7 8 1 25% 264 2 3.2m 3.9
Wildwood 77 29 21 7 27% 126 19 668k 3.7
Wildwood Crest 41 15 23 2 56% 94 23 760k 1.8
N. Wildwood 44 14 18 3 40% 54 10 369k 2.4
West Wildwood 7 0 3 1 42% – 0 – 2.3
Cape May 41 5 9 2 21% 120 6 1.7m 4.6
Cape May CtHs 61 20 22 5 36% 164 14 404k 2.8
N. Cape May 20 11 7 1 35% 86 5 536k 2.9

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