South Jersey Market Report - February 2023
Active Listings | New Listings | Under Contract | Expired/ Withdrawn | % Under Contract | Avg. Days on Market | Sold | Avg. Sale Price | Absorption Rate | |
Ocean City | 286 | 74 | 47 | 30 | 16% | 54 | 38 | 1.4m | 6.1 |
Somers Point | 44 | 9 | 9 | 2 | 20% | 73 | 6 | 302k | 4.9 |
EHT | 184 | 42 | 34 | 10 | 18% | 57 | 28 | 287k | 5.4 |
Atlantic City | 305 | 58 | 34 | 17 | 11% | 165 | 42 | 208k | 9.0 |
Upper Twp. | 44 | 16 | 8 | 3 | 18% | 105 | 4 | 311k | 5.5 |
Ventnor | 81 | 23 | 14 | 9 | 17% | 62 | 15 | 699k | 5.8 |
Margate | 91 | 28 | 21 | 7 | 23% | 59 | 10 | 1m | 4.3 |
Longport | 17 | 9 | 3 | 0 | 17% | - | 0 | - | 5.7 |
Brigantine | 68 | 14 | 29 | 4 | 42% | 43 | 17 | 564k | 2.3 |
Galloway | 175 | 32 | 33 | 8 | 18% | 49 | 31 | 268k | 5.3 |
Absecon | 36 | 8 | 6 | 1 | 16% | 79 | 8 | 234k | 6.0 |
Linwood | 35 | 10 | 9 | 4 | 25% | 70 | 5 | 528k | 3.9 |
Northfield | 15 | 4 | 5 | 0 | 33% | 121 | 3 | 493k | 3.0 |
Pleasantville | 59 | 11 | 11 | 8 | 18 | 49 | 15 | 216k | 5.4 |
Strathmere | 6 | 1 | 0 | 0 | 0% | - | 0 | - | 0.0 |
Sea Isle City | 64 | 18 | 18 | 2 | 28% | 101 | 6 | 893k | 3.6 |
Avalon | 71 | 12 | 9 | 2 | 12% | 198 | 5 | 2.5m | 7.9 |
Stone Harbor | 14 | 2 | 5 | 2 | 35% | 87 | 2 | 2.8m | 2.8 |
Wildwood | 74 | 23 | 21 | 4 | 28% | 103 | 10 | 457k | 3.5 |
Wildwood Crest | 36 | 4 | 13 | 2 | 36% | 222 | 7 | 1m | 2.8 |
N. Wildwood | 38 | 6 | 16 | 3 | 42% | 86 | 7 | 501k | 2.4 |
West Wildwood | 6 | 0 | 1 | 0 | 16% | 151 | 1 | 210k | 6.0 |
Cape May | 51 | 6 | 4 | 0 | 7% | 113 | 7 | 995k | 12.8 |
Cape May CtHs | 76 | 18 | 12 | 6 | 15% | 227 | 10 | 409k | 6.3 |
N. Cape May | 19 | 3 | 14 | 2 | 75% | 117 | 2 | 372k | 1.4 |