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| AUGUST 2025 | |||
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| Zip Code(s): 08332, 08302, 08311, 08349, 08348, 08345, 08327, 08352, 08321, 08316, 08353 and 08324 | |||
| Units Sold 4 |
Active Inventory 73 |
Median Sale Price $252,400 |
Days On Market 90 |
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| Down Vs. Year Ago |
Up 6% Vs. Year Ago |
Down Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in August, with 4 sold this month in Millville, Bridgeton, and Southern Cumberland County Real Estate. This month's total units sold was lower than at this time last year, a decrease from August 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 4 units or 6%. The total number of active inventory this August was 73 compared to 69 in August 2024. This month's total of 73 is lower than the previous month's total supply of available inventory of 75, a decrease of 3%. |
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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 August, the median sale price for Millville, Bridgeton, and Southern Cumberland County Homes was $258,400. This August, the median sale price was $252,400, a decrease of $6,000 compared to last year. The current median sold price is higher 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. |
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| New Listings 6 |
Current Contracts 5 |
Sold Vs. List Price 99.6% |
Months of Supply 18.3 |
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| Down -50% Vs. Year Ago |
Up 67% Vs. Year Ago |
Down Vs. Year Ago |
Up 32% Vs. Year Ago |
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Months of Supply
In August, there was 18.3 months of supply available in Millville, Bridgeton, and Southern Cumberland County, compared to 13.8 in August 2024. That is an increase of 32% 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 6 homes newly listed for sale in Millville, Bridgeton, and Southern Cumberland County compared to 12 in August 2024, a decrease of 50%. There were 5 current contracts pending sale this August compared to 3 a year ago. The number of current contracts is 67% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Millville, Bridgeton, and Southern Cumberland County was 99.6% of the average list price, which is lower than at this time last year. Days on Market
This month, the average number of days on market was 90, higher than the average last year, which was 46. This increase was impacted by the limited number of sales. | |||
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Millville, Bridgeton, and Southern Cumberland County are defined as properties listed in zip code/s 08332, 08302, 08311, 08349, 08348, 08345, 08327, 08352, 08321, 08316, 08353 and 08324. | ||
| *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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