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| DECEMBER 2024 | |||
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| Units Sold 234 |
Active Inventory 2,131 |
Median Sale Price $362,500 |
Days On Market 53 |
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| Up 4% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 10% Vs. Year Ago |
Up 32% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in December, with 234 sold this month in Atlantic County Real Estate versus 219 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 4% versus December 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 204 units or 11%. The total number of active inventory this December was 2,131 compared to 1,927 in December 2023. This month's total of 2,131 is lower than the previous month's total supply of available inventory of 2,180, a decrease of 2%. |
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Median Sale Price
Last December, the median sale price for Atlantic County Homes was $330,000. This December, the median sale price was $362,500, an increase of 10% or $32,500 compared to last year. The current median sold price is 1% higher than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 238 |
Current Contracts 173 |
Sold Vs. List Price 96.5% |
Months of Supply 9.1 |
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| Down -2% Vs. Year Ago |
Down -3% Vs. Year Ago |
No Change Vs. Year Ago |
Up 6% Vs. Year Ago |
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Months of Supply
In December, there was 9.1 months of supply available in Atlantic County, compared to 8.6 in December 2023. That is an increase 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. |
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New Listings & Current Contracts
This month there were 238 homes newly listed for sale in Atlantic County compared to 243 in December 2023, a decrease of 2%. There were 173 current contracts pending sale this December compared to 179 a year ago. The number of current contracts is 3% lower than last December. |
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Sale Price to List Price Ratio
In December, the average sale price in Atlantic County was 96.5% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 53, higher than the average last year, which was 40, an increase of 33%. | |||
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| *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. |
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