BRIGANTINE AND ATLANTIC CITY HOUSING MARKET DATA

The number of units sold remained stable in May, with 53 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 14% versus May 2024.

Versus last year, the total number of homes available this month is higher by 131 units or 17%. The total number of active inventory this May was 889 compared to 758 in May 2024. This month's total of 889 is higher than the previous month's total supply of available inventory of 868, an increase of 2%.

Last May, the median sale price for Brigantine and Atlantic City Homes was $296,500. This May, the median sale price was $360,000, an increase of 21% or $63,500 compared to last year. The current median sold price is 11% higher than in April.

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

In May, there was 16.8 months of supply available in Brigantine and Atlantic City, compared to 10.5 in May 2024. That is an increase 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 124 homes newly listed for sale in Brigantine and Atlantic City compared to 109 in May 2024, an increase of 14%. There were 64 current contracts pending sale this May compared to 63 a year ago. The number of current contracts is 2% higher than last May.

In May, the average sale price in Brigantine and Atlantic City was 96.7% of the average list price, which is 0.9% higher than at this time last year.

This month, the average number of days on market was 74, higher than the average last year, which was 64, an increase of 16%.





FOCUS ON: BRIGANTINE AND ATLANTIC CITY HOUSING MARKET			MAY 2025

Zip Code(s): 08203 and 08401
Units Sold 53	Active Inventory 889	Median Sale Price $360,000	Days On Market 74

Down -26% Vs. Year Ago	Up 17% Vs. Year Ago	Up 21% Vs. Year Ago	Up 16% Vs. Year Ago


		Units Sold The number of units sold remained stable in May, with 53 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 14% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 131 units or 17%. The total number of active inventory this May was 889 compared to 758 in May 2024. This month's total of 889 is higher than the previous month's total supply of available inventory of 868, an increase of 2%.
		Median Sale Price Last May, the median sale price for Brigantine and Atlantic City Homes was $296,500. This May, the median sale price was $360,000, an increase of 21% or $63,500 compared to last year. The current median sold price is 11% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 124	Current Contracts 64	Sold Vs. List Price 96.7%	Months of Supply 16.8

Up 14% Vs. Year Ago	Up 2% Vs. Year Ago	Up 0.9% Vs. Year Ago	Up Vs. Year Ago


		Months of Supply In May, there was 16.8 months of supply available in Brigantine and Atlantic City, compared to 10.5 in May 2024. That is an increase 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 124 homes newly listed for sale in Brigantine and Atlantic City compared to 109 in May 2024, an increase of 14%. There were 64 current contracts pending sale this May compared to 63 a year ago. The number of current contracts is 2% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Brigantine and Atlantic City was 96.7% of the average list price, which is 0.9% higher than at this time last year. Days on Market This month, the average number of days on market was 74, higher than the average last year, which was 64, an increase of 16%.


	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.