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Active Listings | New Listings | Under Contract | Expired/ Withdrawn | % Under Contract | Avg.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 |