The Long & Foster Market Minute

Focus On: Mays Landing, Hammonton, and Western Atlantic County Housing Market September 2021

Zip Code(s): 08215, 08330, 08319, 08317, 08340, 08213, 08037, 08326, 08341, 08346 and 08350
Units Sold
52
Active Inventory
282
Median Sale Price
$241,000
Days On Market
33
Down
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -42%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 52 sold this month in Mays Landing, Hammonton, and Western Atlantic County Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 18 units or 7%. The total number of active inventory this September was 282 compared to 264 in September 2020. This month's total of 282 is lower than the previous month's total supply of available inventory of 293, a decrease of 4%.

Median Sale Price
Last September, the median sale price for Mays Landing, Hammonton, and Western Atlantic County Homes was $233,500. This September, the median sale price was $241,000, an increase of 3% or $7,500 compared to last year. The current median sold price is 6% lower than in August.

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


New Listings
91
Current Contracts
81
Sold Vs. List Price
97.0%
Months of Supply
5.4
Down -2%
Vs. Year Ago
Down -13%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 89%
Vs. Year Ago

Months of Supply
In September, there was 5.4 months of supply available in Mays Landing, Hammonton, and Western Atlantic County, compared to 2.9 in September 2020. That is an increase of 89% 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 91 homes newly listed for sale in Mays Landing, Hammonton, and Western Atlantic County compared to 93 in September 2020, a decrease of 2%. There were 81 current contracts pending sale this September compared to 93 a year ago. The number of current contracts remained stable as compared to last September.

Sale Price to List Price Ratio
In September, the average sale price in Mays Landing, Hammonton, and Western Atlantic County was 97.0% of the average list price, which is 2.0% lower than at this time last year.

Days on Market
This month, the average number of days on market was 33, lower than the average last year, which was 57, a decrease of 42%.

The Long & Foster Market Minute Mays Landing, Hammonton, and Western Atlantic County are defined as properties listed in zip code/s 08215, 08330, 08319, 08317, 08340, 08213, 08037, 08326, 08341, 08346 and 08350.
*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.
REALTOR, Equal Opportunity HousingInformation 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.