Atlantic CountyCape May County

Market Update

Atlantic County

Q1 2023

Residential Property Snapshot

Single Family Homes & Condos | Q1 2023
Med. Sales Price
$300k
5% more than in
Q1 2022
Avg. Days On Market
99
3% fewer than in
Q1 2022
Closed Sales
551
40% fewer than in
Q1 2022
Inventory
725
Data unavailable for
Q1 2022

Sales Price vs. Closed Sales

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
Closed
New
Inventory

Closed Sales by Price

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 2023

Median Sales Price vs. Average Days on Market

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
By Year
By Price

Market Data by Year

Single Family Homes & Condos

  • Single Family Homes
  • Condos

 |  Q1 2023

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'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
-16%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
n/a
Closed Sales
-40%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-3%

22 Communities

Communities

Absecon

Median
$287k
DOM
84
Sales
18
Inv
23

Absecon Shores

Median
$398k
DOM
67
Sales
2
Inv
0

Atlantic City

Median
$160k
DOM
116
Sales
71
Inv
165

Brigantine

Median
$570k
DOM
98
Sales
39
Inv
62

Buena

Median
$458k
DOM
42
Sales
1
Inv
5

Egg Harbor City

Median
$230k
DOM
76
Sales
7
Inv
8

Egg Harbor Township

Median
$339k
DOM
96
Sales
86
Inv
79

Estell Manor

Median
$310k
DOM
180
Sales
1
Inv
4

Folsom

Median
$330k
DOM
88
Sales
1
Inv
2

Galloway

Median
$285k
DOM
84
Sales
86
Inv
68

Hamilton Township

Median
$258k
DOM
87
Sales
50
Inv
42

Hammonton

Median
$345k
DOM
84
Sales
7
Inv
3

Linwood

Median
$428k
DOM
102
Sales
19
Inv
25

Longport

Median
n/a
Sales
0
Inv
9

Margate City

Median
$852k
DOM
126
Sales
38
Inv
90

Mays Landing

Median
$293k
DOM
114
Sales
6
Inv
5

Milmay

Median
n/a
Sales
0
Inv
1

Northfield

Median
$326k
DOM
70
Sales
16
Inv
14

Pleasantville

Median
$205k
DOM
95
Sales
35
Inv
32

Port Republic

Median
$190k
DOM
193
Sales
2
Inv
1

Somers Point

Median
$304k
DOM
97
Sales
26
Inv
25

Ventnor City

Median
$489k
DOM
133
Sales
29
Inv
50

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Data provided by South Jersey Shore Regional MLS. All information is deemed reliable but not guaranteed. Data is based on the closed date as of Mar 31, 2023 end of day. This report was last updated Apr 14, 2023.

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