South Jersey Market Report - December 2022
Active Listings | New Listings | Under Contract | Expired/ Withdrawn | % Under Contract | Avg. Days on Market | Sold | Avg. Sale Price | Absorption Rate | |
Ocean City | 264 | 40 | 34 | 27 | 12% | 42 | 44 | 1.2m | 7.8 |
Somers Point | 49 | 8 | 7 | 5 | 14% | 19 | 12 | 373k | 7.0 |
EHT | 184 | 31 | 22 | 15 | 11% | 39 | 42 | 291k | 8.4 |
Atlantic City | 296 | 41 | 23 | 55 | 7% | 79 | 35 | 243k | 12.9 |
Upper Twp. | 49 | 1 | 5 | 2 | 10% | 54 | 8 | 423k | 9.8 |
Ventnor | 85 | 12 | 13 | 9 | 15% | 70 | 20 | 584k | 6.5 |
Margate | 94 | 17 | 6 | 4 | 6% | 46 | 14 | 1.1m | 15.7 |
Longport | 9 | 1 | 0 | 0 | 0% | 28 | 2 | 1.6m | 0.0 |
Brigantine | 89 | 5 | 10 | 19 | 11% | 53 | 17 | 720k | 8.9 |
Galloway | 178 | 29 | 22 | 12 | 12% | 32 | 34 | 269k | 8.1 |
Absecon | 42 | 5 | 6 | 4 | 14% | 48 | 12 | 270k | 7.0 |
Linwood | 30 | 3 | 5 | 2 | 16% | 46 | 12 | 370k | 6.0 |
Northfield | 20 | 4 | 4 | 3 | 20% | 26 | 10 | 311k | 5.0 |
Pleasantville | 70 | 12 | 8 | 9 | 11 | 59 | 10 | 197k | 8.8 |
Strathmere | 5 | 1 | 0 | 0 | 0% | – | 0 | – | 0.0 |
Sea Isle City | 54 | 5 | 8 | 4 | 14% | 152 | 10 | 2m | 6.8 |
Avalon | 60 | 5 | 7 | 5 | 11% | 119 | 8 | 2.6m | 8.6 |
Stone Harbor | 23 | 7 | 1 | 2 | 4% | 125 | 3 | 4.1m | 23.0 |
Wildwood | 85 | 10 | 20 | 10 | 23% | 104 | 20 | 438k | 4.3 |
Wildwood Crest | 45 | 4 | 3 | 6 | 6% | 111 | 14 | 441k | 15.0 |
N. Wildwood | 44 | 7 | 7 | 4 | 15% | 87 | 10 | 580k | 6.3 |
West Wildwood | 6 | 2 | 2 | 0 | 33% | 36 | 2 | 283k | 3.0 |
Cape May | 51 | 10 | 4 | 5 | 7% | 157 | 9 | 1.9m | 12.8 |
Cape May CtHs | 55 | 8 | 4 | 3 | 7% | 127 | 12 | 367k | 13.8 |
N. Cape May | 23 | 3 | 3 | 5 | 13% | 69 | 12 | 461k | 7.7 |