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| MAY 2025 | |||
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| Zip Code(s): 08234 | |||
| Units Sold 34 |
Active Inventory 267 |
Median Sale Price $447,450 |
Days On Market 57 |
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| Down -3% Vs. Year Ago |
Up 17% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 34 sold this month in Egg Harbor Township Real Estate versus 35 last month, a decrease of 3%. This month's total units sold was lower than at this time last year, a decrease of 3% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 38 units or 17%. The total number of active inventory this May was 267 compared to 229 in May 2024. This month's total of 267 is higher than the previous month's total supply of available inventory of 254, an increase of 5%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last May, the median sale price for Egg Harbor Township Homes was $354,000. This May, the median sale price was $447,450, an increase of $93,450 compared to last year. The current median sold price is 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. |
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| New Listings 71 |
Current Contracts 41 |
Sold Vs. List Price 99.1% |
Months of Supply 7.9 |
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| Up 9% Vs. Year Ago |
Down -13% Vs. Year Ago |
Down -1% Vs. Year Ago |
Up 20% Vs. Year Ago |
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Months of Supply
In May, there was 7.9 months of supply available in Egg Harbor Township, compared to 6.5 in May 2024. That is an increase of 20% 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 71 homes newly listed for sale in Egg Harbor Township compared to 65 in May 2024, an increase of 9%. There were 41 current contracts pending sale this May compared to 47 a year ago. The number of current contracts is 13% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Egg Harbor Township was 99.1% of the average list price, which is 1.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 57, higher than the average last year, which was 37. This increase was impacted by the limited number of sales. | |||
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Egg Harbor Township are defined as properties listed in zip code/s 08234. | ||
| *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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