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| JANUARY 2025 | |||
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| Units Sold 157 |
Active Inventory 2,173 |
Median Sale Price $360,000 |
Days On Market 53 |
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| Down -18% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 14% Vs. Year Ago |
Up 23% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 157 sold this month in Atlantic County Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 218 units or 11%. The total number of active inventory this January was 2,173 compared to 1,955 in January 2024. This month's total of 2,173 is higher than the previous month's total supply of available inventory of 2,151, an increase of 1%. |
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Median Sale Price
Last January, the median sale price for Atlantic County Homes was $315,000. This January, the median sale price was $360,000, an increase of 14% or $45,000 compared to last year. The current median sold price is 1% lower than in December. 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 370 |
Current Contracts 215 |
Sold Vs. List Price 97.1% |
Months of Supply 13.8 |
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| Up 6% Vs. Year Ago |
Up 2% Vs. Year Ago |
No Change Vs. Year Ago |
Up 35% Vs. Year Ago |
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Months of Supply
In January, there was 13.8 months of supply available in Atlantic County, compared to 10.2 in January 2024. That is an increase of 35% 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 370 homes newly listed for sale in Atlantic County compared to 349 in January 2024, an increase of 6%. There were 215 current contracts pending sale this January compared to 211 a year ago. The number of current contracts is 2% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Atlantic County was 97.1% 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 43, an increase of 23%. | |||
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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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