SEA ISLE CITY HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in March, with 3 sold this month in Sea Isle City Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.

Versus last year, the total number of homes available this month is lower by 16 units or 23%. The total number of active inventory this March was 53 compared to 69 in March 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 57, a decrease of 7%.

Last March, the median sale price for Sea Isle City Homes was $1,424,500. This March, the median sale price was $1,340,000, a decrease of 6% or $84,500 compared to last year. The current median sold price is 8% lower than in February.

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

In March, there was 17.7 months of supply available in Sea Isle City, compared to 17.3 in March 2024. That is an increase of 2% 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 15 homes newly listed for sale in Sea Isle City compared to 20 in March 2024, a decrease of 25%. There were 14 current contracts pending sale this March compared to 15 a year ago. The number of current contracts is 7% lower than last March.

In March, the average sale price in Sea Isle City was 96.8% of the average list price, which is 2.3% lower than at this time last year.

This month, the average number of days on market was 142, higher than the average last year, which was 69. This increase was impacted by the limited number of sales.





FOCUS ON: SEA ISLE CITY HOUSING MARKET			MARCH 2025

Zip Code(s): 08243
Units Sold 3	Active Inventory 53	Median Sale Price $1,340,000	Days On Market 142

Down Vs. Year Ago	Down -23% Vs. Year Ago	Down -6% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in March, with 3 sold this month in Sea Isle City Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 16 units or 23%. The total number of active inventory this March was 53 compared to 69 in March 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 57, a decrease of 7%.
		Median Sale Price Last March, the median sale price for Sea Isle City Homes was $1,424,500. This March, the median sale price was $1,340,000, a decrease of 6% or $84,500 compared to last year. The current median sold price is 8% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 15	Current Contracts 14	Sold Vs. List Price 96.8%	Months of Supply 17.7

Down -25% Vs. Year Ago	Down -7% Vs. Year Ago	Down -2.3% Vs. Year Ago	Up 2% Vs. Year Ago


		Months of Supply In March, there was 17.7 months of supply available in Sea Isle City, compared to 17.3 in March 2024. That is an increase of 2% 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 15 homes newly listed for sale in Sea Isle City compared to 20 in March 2024, a decrease of 25%. There were 14 current contracts pending sale this March compared to 15 a year ago. The number of current contracts is 7% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Sea Isle City was 96.8% of the average list price, which is 2.3% lower than at this time last year. Days on Market This month, the average number of days on market was 142, higher than the average last year, which was 69. This increase was impacted by the limited number of sales.


	Sea Isle City are defined as properties listed in zip code/s 08243.
	*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 CMCAOR 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 CMCAOR or Long & Foster Real Estate, Inc.