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South Jersey Market Report

April 2023

Active Listings New Listings Under Contract Expired/ Withdrawn % Under Contract Avg. Days on Market Sold Avg. Sale Price Absorption Rate
Ocean City 272 70 50 26 18% 54 81 1m 5.4
Somers Point 38 5 15 3 39% 40 10 321k 2.5
EHT 153 27 32 8 20% 53 41 316k 4.8
Atlantic City 288 58 48 17 16% 77 34 197k 6.0
Upper Twp. 28 9 10 1 35% 72 18 327k 2.8
Ventnor 69 16 13 8 18% 39 22 508k 5.3
Margate 93 30 11 4 11% 34 27 1m 8.5
Longport 16 3 3 0 18% 84 4 1.4m 5.3
Brigantine 79 26 19 4 24% 42 34 878k 4.2
Galloway 149 33 39 7 26% 40 49 249k 3.8
Absecon 35 8 9 6 25% 52 9 275k 3.9
Linwood 35 7 8 4 22% 19 11 366k 4.4
Northfield 22 12 5 3 22% 38 8 338k 4.4
Pleasantville 50 8 15 7 30% 49 13 222k 3.3
Strathmere 5 1 0 0 0% 0
Sea Isle City 52 6 20 5 38% 149 13 1.5m 2.6
Avalon 73 15 8 4 10% 155 8 1.8m 9.1
Stone Harbor 33 14 4 0 12% 99 2 2.9m 8.3
Wildwood 61 15 32 10 52% 138 16 580k 1.9
Wildwood Crest 32 11 15 3 46% 144 21 778k 2.1
N. Wildwood 29 7 10 4 34% 106 14 684k 2.9
West Wildwood 6 2 1 0 16% 40 1 379k 6.0
Cape May 51 8 3 2 5% 185 3 1.1m 17.0
Cape May CtHs 63 14 15 5 23% 132 13 261k 4.2
N. Cape May 14 5 9 2 62% 68 10 435k 1.6