SOMERS POINT, NORTHFIELD, AND LINWOOD HOUSING MARKET DATA

There was an increase in total units sold in April, with 26 sold this month in Somers Point, Northfield, and Linwood Real Estate versus 23 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 24% versus April 2024.

Versus last year, the total number of homes available this month is higher by 24 units or 12%. The total number of active inventory this April was 227 compared to 203 in April 2024. This month's total of 227 is lower than the previous month's total supply of available inventory of 229, a decrease of 1%.

Last April, the median sale price for Somers Point, Northfield, and Linwood Homes was $395,000. This April, the median sale price was $389,500, a decrease of 1% or $5,500 compared to last year. The current median sold price is 6% lower than in March.

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

In April, there was 8.7 months of supply available in Somers Point, Northfield, and Linwood, compared to 9.7 in April 2024. That is a decrease of 10% 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 42 homes newly listed for sale in Somers Point, Northfield, and Linwood compared to 57 in April 2024, a decrease of 26%. There were 34 current contracts pending sale this April compared to 32 a year ago. The number of current contracts is 6% higher than last April.

In April, the average sale price in Somers Point, Northfield, and Linwood was 96.7% of the average list price, which is 0.9% higher than at this time last year.

This month, the average number of days on market was 54, higher than the average last year, which was 45, an increase of 20%.





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

Zip Code(s): 08221, 08244 and 08225
Units Sold 26	Active Inventory 227	Median Sale Price $389,500	Days On Market 54

Up 24% Vs. Year Ago	Up 12% Vs. Year Ago	Down -1% Vs. Year Ago	Up 20% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 26 sold this month in Somers Point, Northfield, and Linwood Real Estate versus 23 last month, an increase of 13%. This month's total units sold was higher than at this time last year, an increase of 24% versus April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 24 units or 12%. The total number of active inventory this April was 227 compared to 203 in April 2024. This month's total of 227 is lower than the previous month's total supply of available inventory of 229, a decrease of 1%.
		Median Sale Price Last April, the median sale price for Somers Point, Northfield, and Linwood Homes was $395,000. This April, the median sale price was $389,500, a decrease of 1% or $5,500 compared to last year. The current median sold price is 6% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 42	Current Contracts 34	Sold Vs. List Price 96.7%	Months of Supply 8.7

Down -26% Vs. Year Ago	Up 6% Vs. Year Ago	Up 0.9% Vs. Year Ago	Down -10% Vs. Year Ago


		Months of Supply In April, there was 8.7 months of supply available in Somers Point, Northfield, and Linwood, compared to 9.7 in April 2024. That is a decrease of 10% 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 42 homes newly listed for sale in Somers Point, Northfield, and Linwood compared to 57 in April 2024, a decrease of 26%. There were 34 current contracts pending sale this April compared to 32 a year ago. The number of current contracts is 6% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Somers Point, Northfield, and Linwood was 96.7% of the average list price, which is 0.9% higher than at this time last year. Days on Market This month, the average number of days on market was 54, higher than the average last year, which was 45, an increase of 20%.


	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.