SOMERS POINT, NORTHFIELD, AND LINWOOD HOUSING MARKET DATA

There was an increase in total units sold in May, with 36 sold this month in Somers Point, Northfield, and Linwood 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 31 units or 15%. The total number of active inventory this May was 242 compared to 211 in May 2024. This month's total of 242 is higher than the previous month's total supply of available inventory of 226, an increase of 7%.

Last May, the median sale price for Somers Point, Northfield, and Linwood Homes was $494,500. This May, the median sale price was $432,000, a decrease of 13% or $62,500 compared to last year. The current median sold price is 11% 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.

In May, there was 6.7 months of supply available in Somers Point, Northfield, and Linwood, compared to 5.9 in May 2024. That is an increase of 15% 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 57 homes newly listed for sale in Somers Point, Northfield, and Linwood compared to 39 in May 2024, an increase of 46%. There were 30 current contracts pending sale this May compared to 26 a year ago. The number of current contracts is 15% higher than last May.

In May, the average sale price in Somers Point, Northfield, and Linwood was 98.6% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 23, lower than the average last year, which was 38, a decrease of 39%.





FOCUS ON: SOMERS POINT, NORTHFIELD, AND LINWOOD HOUSING MARKET			MAY 2025

Zip Code(s): 08221, 08244 and 08225
Units Sold 36	Active Inventory 242	Median Sale Price $432,000	Days On Market 23

No Change Vs. Year Ago	Up 15% Vs. Year Ago	Down -13% Vs. Year Ago	Down -39% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 36 sold this month in Somers Point, Northfield, and Linwood 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 31 units or 15%. The total number of active inventory this May was 242 compared to 211 in May 2024. This month's total of 242 is higher than the previous month's total supply of available inventory of 226, an increase of 7%.
		Median Sale Price Last May, the median sale price for Somers Point, Northfield, and Linwood Homes was $494,500. This May, the median sale price was $432,000, a decrease of 13% or $62,500 compared to last year. The current median sold price is 11% 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.



New Listings 57	Current Contracts 30	Sold Vs. List Price 98.6%	Months of Supply 6.7

Up 46% Vs. Year Ago	Up 15% Vs. Year Ago	No Change Vs. Year Ago	Up 15% Vs. Year Ago


		Months of Supply In May, there was 6.7 months of supply available in Somers Point, Northfield, and Linwood, compared to 5.9 in May 2024. That is an increase of 15% 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 57 homes newly listed for sale in Somers Point, Northfield, and Linwood compared to 39 in May 2024, an increase of 46%. There were 30 current contracts pending sale this May compared to 26 a year ago. The number of current contracts is 15% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Somers Point, Northfield, and Linwood was 98.6% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 23, lower than the average last year, which was 38, a decrease of 39%.


	Somers Point, Northfield, and Linwood are defined as properties listed in zip code/s 08221, 08244 and 08225.
	*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.