OCEAN VIEW AND MILLVILLE HOUSING MARKET DATA

There was a decrease in total units sold in July, with 29 sold this month in Ocean View and Millville Real Estate versus 39 last month, a decrease of 26%. This month's total units sold was lower than at this time last year, a decrease of 19% versus July 2024.

Versus last year, the total number of homes available this month is higher by 27 units or 20%. The total number of active inventory this July was 160 compared to 133 in July 2024. This month's total of 160 is lower than the previous month's total supply of available inventory of 166, a decrease of 4%.

Last July, the median sale price for Ocean View and Millville Homes was $494,950. This July, the median sale price was $565,000, an increase of 14% or $70,050 compared to last year. The current median sold price is 13% higher than in June.

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

In July, there was 5.5 months of supply available in Ocean View and Millville, compared to 3.7 in July 2024. That is an increase of 49% 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 48 homes newly listed for sale in Ocean View and Millville compared to 51 in July 2024, a decrease of 6%. There were 44 current contracts pending sale this July compared to 28 a year ago. The number of current contracts is 57% higher than last July.

In July, the average sale price in Ocean View and Millville was 97.8% of the average list price, which is 2.5% lower than at this time last year.

This month, the average number of days on market was 51, lower than the average last year, which was 52, a decrease of 2%.





FOCUS ON: OCEAN VIEW AND MILLVILLE HOUSING MARKET			JULY 2025

Zip Code(s): 19967, 19970
Units Sold 29	Active Inventory 160	Median Sale Price $565,000	Days On Market 51

Down -19% Vs. Year Ago	Up 20% Vs. Year Ago	Up 14% Vs. Year Ago	Down -2% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 29 sold this month in Ocean View and Millville Real Estate versus 39 last month, a decrease of 26%. This month's total units sold was lower than at this time last year, a decrease of 19% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 27 units or 20%. The total number of active inventory this July was 160 compared to 133 in July 2024. This month's total of 160 is lower than the previous month's total supply of available inventory of 166, a decrease of 4%.
		Median Sale Price Last July, the median sale price for Ocean View and Millville Homes was $494,950. This July, the median sale price was $565,000, an increase of 14% or $70,050 compared to last year. The current median sold price is 13% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 48	Current Contracts 44	Sold Vs. List Price 97.8%	Months of Supply 5.5

Down -6% Vs. Year Ago	Up 57% Vs. Year Ago	Down -2.5% Vs. Year Ago	Up 50% Vs. Year Ago


		Months of Supply In July, there was 5.5 months of supply available in Ocean View and Millville, compared to 3.7 in July 2024. That is an increase of 49% 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 48 homes newly listed for sale in Ocean View and Millville compared to 51 in July 2024, a decrease of 6%. There were 44 current contracts pending sale this July compared to 28 a year ago. The number of current contracts is 57% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Ocean View and Millville was 97.8% of the average list price, which is 2.5% lower than at this time last year. Days on Market This month, the average number of days on market was 51, lower than the average last year, which was 52, a decrease of 2%.


	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.