Is Atlantic County, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Atlantic County has remained a Seller's Market.
Housing Prices in Atlantic County, NJ
How much do homes in Atlantic County, NJ cost?
Median Sold Price
$339,831
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Atlantic County was $339,831 in April 2024, up 11.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $185K | +12.1% |
2 Bedrooms | $215K | $245K | +14.0% |
3 Bedrooms | $300K | $336.6K | +12.2% |
4 Bedrooms | $410K | $450K | +9.8% |
5+ Bedrooms | $700K | $860K | +22.9% |
Summary: Atlantic County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Counties
Atlantic County | $304.6K | $339.8K | +11.6% |
Gloucester County | $290.6K | $318.1K | +9.5% |
Camden County | $284.9K | $310K | +8.8% |
Cumberland County | $224.6K | $240K | +6.8% |
Cape May County | $737.3K | $749.9K | +1.7% |
Housing Supply in Atlantic County, NJ
How many homes are available in Atlantic County, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,385 | 1,426 | +3.0% |
Summary: The Atlantic County real estate market had 1,426 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 115 | 130 | +13.0% |
2 Bedrooms | 265 | 287 | +8.3% |
3 Bedrooms | 549 | 547 | -0.4% |
4 Bedrooms | 293 | 286 | -2.4% |
5+ Bedrooms | 163 | 176 | +8.0% |
Summary: The Atlantic County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
308 | 334 | +8.4% |
Asking Price vs. Sold Price
143 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
77 Homes Were Sold
Over Asking
Summary: A total of 334 homes were sold or pending in Atlantic County in April 2024, up by 8.4% month-over-month. Of the 260 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.
Days on Market for Atlantic County, NJ
How long does it take to sell a home in Atlantic County, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 40 Days | -19.2% |
Summary: Homes in Atlantic County had an average of 40 days on market in Apr 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
205 Homes Were Sold
Under 30 Days
86 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Summary: During April 2024, 334 homes were sold in Atlantic County; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.