OCEAN VIEW AND MILLVILLE HOUSING MARKET DATA

There was a decrease in total units sold in March, with 39 sold this month in Ocean View and Millville Real Estate versus 42 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 18% versus March 2024.

Versus last year, the total number of homes available this month is higher by 14 units or 11%. The total number of active inventory this March was 144 compared to 130 in March 2024. This month's total of 144 is higher than the previous month's total supply of available inventory of 135, an increase of 7%.

Last March, the median sale price for Ocean View and Millville Homes was $475,000. This March, the median sale price was $490,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 5% lower than in February.

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

In March, there was 3.7 months of supply available in Ocean View and Millville, compared to 3.9 in March 2024. That is a decrease of 6% 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 68 homes newly listed for sale in Ocean View and Millville compared to 61 in March 2024, an increase of 11%. There were 46 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 31% higher than last March.

In March, the average sale price in Ocean View and Millville was 98.5% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 54, higher than the average last year, which was 39, an increase of 38%.





FOCUS ON: OCEAN VIEW AND MILLVILLE HOUSING MARKET			MARCH 2025

Zip Code(s): 19967, 19970
Units Sold 39	Active Inventory 144	Median Sale Price $490,000	Days On Market 54

Up 18% Vs. Year Ago	Up 11% Vs. Year Ago	Up 3% Vs. Year Ago	Up 38% Vs. Year Ago


		Units Sold There was a decrease in total units sold in March, with 39 sold this month in Ocean View and Millville Real Estate versus 42 last month, a decrease of 7%. This month's total units sold was higher than at this time last year, an increase of 18% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 14 units or 11%. The total number of active inventory this March was 144 compared to 130 in March 2024. This month's total of 144 is higher than the previous month's total supply of available inventory of 135, an increase of 7%.
		Median Sale Price Last March, the median sale price for Ocean View and Millville Homes was $475,000. This March, the median sale price was $490,000, an increase of 3% or $15,000 compared to last year. The current median sold price is 5% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 68	Current Contracts 46	Sold Vs. List Price 98.5%	Months of Supply 3.7

Up 11% Vs. Year Ago	Up 31% Vs. Year Ago	Down -1.1% Vs. Year Ago	Down -6% Vs. Year Ago


		Months of Supply In March, there was 3.7 months of supply available in Ocean View and Millville, compared to 3.9 in March 2024. That is a decrease of 6% 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 68 homes newly listed for sale in Ocean View and Millville compared to 61 in March 2024, an increase of 11%. There were 46 current contracts pending sale this March compared to 35 a year ago. The number of current contracts is 31% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Ocean View and Millville was 98.5% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 54, higher than the average last year, which was 39, an increase of 38%.


	Ocean View and Millville are defined as properties listed in zip code/s 19967, 19970.
	*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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.