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FOCUS ON: BRIGANTINE AND ATLANTIC CITY HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 08203 and 08401 |
Units Sold
57 |
Active Inventory
874 |
Median Sale Price
$285,000 |
Days On Market
79 |
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Down -15%
Vs. Year Ago |
Up 14%
Vs. Year Ago |
Down -10%
Vs. Year Ago |
Up 65%
Vs. Year Ago |
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Units Sold
The number of units sold remained stable in July, with 57 sold this month in Brigantine and Atlantic City Real Estate. This month's total units sold was lower than at this time last year, a decrease of 22% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 104 units or 14%. The total number of active inventory this July was 874 compared to 770 in July 2024. This month's total of 874 is lower than the previous month's total supply of available inventory of 893, a decrease of 2%.
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Median Sale Price
Last July, the median sale price for Brigantine and Atlantic City Homes was $315,000. This July, the median sale price was $285,000, a decrease of $30,000 compared to last year. The current median sold price is lower 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.
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New Listings
90 |
Current Contracts
59 |
Sold Vs. List Price
97.2% |
Months of Supply
15.3 |
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Down -22%
Vs. Year Ago |
Down -5%
Vs. Year Ago |
Up 2.5%
Vs. Year Ago |
Up 33%
Vs. Year Ago |
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Months of Supply
In July, there was 15.3 months of supply available in Brigantine and Atlantic City, compared to 11.5 in July 2024. That is an increase of 33% 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 90 homes newly listed for sale in Brigantine and Atlantic City compared to 116 in July 2024, a decrease of 22%. There were 59 current contracts pending sale this July compared to 62 a year ago. The number of current contracts is 5% lower than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Brigantine and Atlantic City was 97.2% of the average list price, which is 2.4% higher than at this time last year.
Days on Market
This month, the average number of days on market was 79, higher than the average last year, which was 48, an increase of 65%.
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Brigantine and Atlantic City are defined as properties listed in zip code/s 08203 and 08401. |
*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. |