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South Jersey Market Report

May 2024

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 283 77 40 25 14% 57 43 1m 7.1
Somers Point 48 16 7 0 14% 41 11 484k 6.9
EHT 166 41 53 15 31% 60 41 252k 3.1
Atlantic City 354 56 41 25 11% 76 44 275k 8.6
Upper Twp. 46 14 12 2 26% 55 16 622k 3.8
Ventnor 78 22 13 10 16% 48 21 653k 6
Margate 66 21 13 2 19% 55 15 1.2m 5.1
Longport 17 6 1 1 5% 35 2 870k 17
Brigantine 149 53 22 5 14% 75 31 920k 6.8
Galloway 163 49 33 3 20% 32 41 360k 4.9
Absecon 27 6 11 1 40% 29 10 367k 2.5
Linwood 38 9 5 5 13% 26 9 495k 7.6
Northfield 19 8 7 0 36% 37 10 502k 2.7
Pleasantville 69 17 14 3 20% 49 14 209k 4.9
Strathmere 8 2 0 0 0 124 2 1.3m 0
Sea Isle City 52 8 12 2 23% 154 19 1.5m 4.3
Avalon 91 22 10 6 10% 160 11 2.9m 9.1
Stone Harbor 47 13 5 1 10% 117 5 2.3m 9.4
Wildwood 53 14 15 5 28% 82 15 430k 3.5
Wildwood Crest 46 11 7 5 15% 120 22 758k 6.6
N. Wildwood 60 17 17 2 28% 98 16 545k 3.5
West Wildwood 7 0 0 1 0 246 1 740k 0
Cape May 42 10 8 12 19% 154 8 1.5m 5.3
Cape May CtHs 65 18 12 7 18% 84 8 444k 5.4
N. Cape May 21 8 8 0 38% 83 8 494k 2.6