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South Jersey Market Report

October 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 248 80 52 50 20% 35 49 1.2m 4.8
Somers Point 39 13 12 5 30% 28 13 502k 3.3
EHT 158 31 26 7 16% 27 45 362k 6.1
Atlantic City 303 79 36 34 11% 86 42 263k 8.4
Upper Twp. 33 10 8 4 24% 19 7 657k 4.1
Ventnor 70 19 14 10 20% 18 19 558k 5
Margate 73 15 9 7 12% 25 21 1.4m 8.1
Longport 13 2 0 1 0% 71 2 1.7m 0
Brigantine 152 51 17 9 11% 35 19 687k 8.9
Galloway 150 38 29 3 19% 26 38 309k 5.2
Absecon 32 13 7 6 21% 19 6 292k 4.6
Linwood 39 15 10 8 25% 60 8 513k 3.9
Northfield 25 9 4 2 16% 46 7 359k 6.3
Pleasantville 57 21 13 3 22% 18 7 171k 4.4
Strathmere 6 1 0 0 0% 122 1 2m 0
Sea Isle City 62 9 14 0 22% 150 7 1.9m 4.4
Avalon 74 11 10 11 13% 110 17 3.5m 7.4
Stone Harbor 25 8 4 9 16% 120 3 3m 6.3
Wildwood 86 20 14 3 16% 111 26 542k 6.1
Wildwood Crest 50 17 9 2 18% 94 12 758k 5.6
N. Wildwood 56 14 9 5 16% 87 4 605k 6.2
West Wildwood 9 3 2 0 22% 119 2 703k 4.5
Cape May 48 8 8 1 16% 71 6 1m 6
Cape May CtHs 57 11 10 6 17% 168 11 473k 5.7
N. Cape May 17 5 6 0 35% 68 6 483k 2.8