MARGATE CITY, VENTNOR CITY, AND LONGPORT HOUSING MARKET DATA

There was a decrease in total units sold in August, with 29 sold this month in Margate City, Ventnor City, and Longport Real Estate versus 32 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 17% versus August 2024.

Versus last year, the total number of homes available this month is higher by 74 units or 22%. The total number of active inventory this August was 403 compared to 329 in August 2024. This month's supply remained stable as compared to last month.

Last August, the median sale price for Margate City, Ventnor City, and Longport Homes was $940,000. This August, the median sale price was $999,999, an increase of 6% or $59,999 compared to last year. The current median sold price is 18% higher than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 13.9 months of supply available in Margate City, Ventnor City, and Longport, compared to 9.4 in August 2024. That is an increase of 48% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 74 homes newly listed for sale in Margate City, Ventnor City, and Longport compared to 69 in August 2024, an increase of 7%. There were 48 current contracts pending sale this August compared to 36 a year ago. The number of current contracts is 33% higher than last August.

In August, the average sale price in Margate City, Ventnor City, and Longport was 92.5% of the average list price, which is 2.0% lower than at this time last year.

This month, the average number of days on market was 36, lower than the average last year, which was 67, a decrease of 46%.





FOCUS ON: MARGATE CITY, VENTNOR CITY, AND LONGPORT HOUSING MARKET			AUGUST 2025

Zip Code(s): 08406, 08402 and 08403
Units Sold 29	Active Inventory 403	Median Sale Price $999,999	Days On Market 36

Down -17% Vs. Year Ago	Up 22% Vs. Year Ago	Up 6% Vs. Year Ago	Down -46% Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 29 sold this month in Margate City, Ventnor City, and Longport Real Estate versus 32 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 17% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 74 units or 22%. The total number of active inventory this August was 403 compared to 329 in August 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last August, the median sale price for Margate City, Ventnor City, and Longport Homes was $940,000. This August, the median sale price was $999,999, an increase of 6% or $59,999 compared to last year. The current median sold price is 18% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 74	Current Contracts 48	Sold Vs. List Price 92.5%	Months of Supply 13.9

Up 7% Vs. Year Ago	Up 33% Vs. Year Ago	Down -2.1% Vs. Year Ago	Up 48% Vs. Year Ago


		Months of Supply In August, there was 13.9 months of supply available in Margate City, Ventnor City, and Longport, compared to 9.4 in August 2024. That is an increase of 48% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 74 homes newly listed for sale in Margate City, Ventnor City, and Longport compared to 69 in August 2024, an increase of 7%. There were 48 current contracts pending sale this August compared to 36 a year ago. The number of current contracts is 33% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Margate City, Ventnor City, and Longport was 92.5% of the average list price, which is 2.0% lower than at this time last year. Days on Market This month, the average number of days on market was 36, lower than the average last year, which was 67, a decrease of 46%.


	Margate City, Ventnor City, and Longport are defined as properties listed in zip code/s 08406, 08402 and 08403.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by SJSMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of SJSMLS or Long & Foster Real Estate, Inc.