MARGATE CITY AND LONGPORT HOUSING MARKET DATA

There was an increase in total units sold in August, with 18 sold this month in Margate City and Longport Real Estate, an increase of 38%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is higher by 38 units or 22%. The total number of active inventory this August was 209 compared to 171 in August 2024. This month's supply remained stable as compared to last month.

Last August, the median sale price for Margate City and Longport Homes was $1,097,500. This August, the median sale price was $1,350,000, an increase of 23% or $252,500 compared to last year. The current median sold price is 18% lower than in July.

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

In August, there was 11.6 months of supply available in Margate City and Longport, compared to 9.5 in August 2024. That is an increase of 22% 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 39 homes newly listed for sale in Margate City and Longport compared to 42 in August 2024, a decrease of 7%. There were 25 current contracts pending sale this August, consistent with the volume a year ago. The number of current contracts is 7% lower than last month.

In August, the average sale price in Margate City and Longport was 91.7% of the average list price, which is 0.8% lower than at this time last year.

This month, the average number of days on market was 39, lower than the average last year, which was 57, a decrease of 32%.





FOCUS ON: MARGATE CITY AND LONGPORT HOUSING MARKET			AUGUST 2025

Zip Code(s): 08402 and 08403
Units Sold 18	Active Inventory 209	Median Sale Price $1,350,000	Days On Market 39

No Change Vs. Year Ago	Up 22% Vs. Year Ago	Up 23% Vs. Year Ago	Down -32% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 18 sold this month in Margate City and Longport Real Estate, an increase of 38%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is higher by 38 units or 22%. The total number of active inventory this August was 209 compared to 171 in August 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last August, the median sale price for Margate City and Longport Homes was $1,097,500. This August, the median sale price was $1,350,000, an increase of 23% or $252,500 compared to last year. The current median sold price is 18% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 39	Current Contracts 25	Sold Vs. List Price 91.7%	Months of Supply 11.6

Down -7% Vs. Year Ago	No Change Vs. Year Ago	Down -0.9% Vs. Year Ago	Up 22% Vs. Year Ago


		Months of Supply In August, there was 11.6 months of supply available in Margate City and Longport, compared to 9.5 in August 2024. That is an increase of 22% 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 39 homes newly listed for sale in Margate City and Longport compared to 42 in August 2024, a decrease of 7%. There were 25 current contracts pending sale this August, consistent with the volume a year ago. The number of current contracts is 7% lower than last month.
		Sale Price to List Price Ratio In August, the average sale price in Margate City and Longport was 91.7% of the average list price, which is 0.8% lower than at this time last year. Days on Market This month, the average number of days on market was 39, lower than the average last year, which was 57, a decrease of 32%.


	Margate City and Longport are defined as properties listed in zip code/s 08402 and 08403.
	*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.