SOMERS POINT, NORTHFIELD, AND LINWOOD HOUSING MARKET DATA

There was a decrease in total units sold in June, with 33 sold this month in Somers Point, Northfield, and Linwood Real Estate versus 40 last month, a decrease of 18%. This month's total units sold was higher than at this time last year, an increase of 10% versus June 2024.

Versus last year, the total number of homes available this month is higher by 32 units or 15%. The total number of active inventory this June was 244 compared to 212 in June 2024. This month's total of 244 is higher than the previous month's total supply of available inventory of 239, an increase of 2%.

Last June, the median sale price for Somers Point, Northfield, and Linwood Homes was $405,000. This June, the median sale price was $425,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 2% lower than in May.

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

In June, there was 7.4 months of supply available in Somers Point, Northfield, and Linwood, compared to 7.1 in June 2024. That is an increase of 5% 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 52 homes newly listed for sale in Somers Point, Northfield, and Linwood compared to 37 in June 2024, an increase of 41%. There were 34 current contracts pending sale this June compared to 28 a year ago. The number of current contracts is 21% higher than last June.

In June, the average sale price in Somers Point, Northfield, and Linwood was 98.6% of the average list price, which is 2.3% higher than at this time last year.

This month, the average number of days on market was 28, lower than the average last year, which was 44, a decrease of 36%.





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

Zip Code(s): 08221, 08244 and 08225
Units Sold 33	Active Inventory 244	Median Sale Price $425,000	Days On Market 28

Up 10% Vs. Year Ago	Up 15% Vs. Year Ago	Up 5% Vs. Year Ago	Down -36% Vs. Year Ago


		Units Sold There was a decrease in total units sold in June, with 33 sold this month in Somers Point, Northfield, and Linwood Real Estate versus 40 last month, a decrease of 18%. This month's total units sold was higher than at this time last year, an increase of 10% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 32 units or 15%. The total number of active inventory this June was 244 compared to 212 in June 2024. This month's total of 244 is higher than the previous month's total supply of available inventory of 239, an increase of 2%.
		Median Sale Price Last June, the median sale price for Somers Point, Northfield, and Linwood Homes was $405,000. This June, the median sale price was $425,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 2% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 52	Current Contracts 34	Sold Vs. List Price 98.6%	Months of Supply 7.4

Up 41% Vs. Year Ago	Up 21% Vs. Year Ago	Up 2.4% Vs. Year Ago	Up 5% Vs. Year Ago


		Months of Supply In June, there was 7.4 months of supply available in Somers Point, Northfield, and Linwood, compared to 7.1 in June 2024. That is an increase of 5% 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 52 homes newly listed for sale in Somers Point, Northfield, and Linwood compared to 37 in June 2024, an increase of 41%. There were 34 current contracts pending sale this June compared to 28 a year ago. The number of current contracts is 21% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Somers Point, Northfield, and Linwood was 98.6% of the average list price, which is 2.3% higher than at this time last year. Days on Market This month, the average number of days on market was 28, lower than the average last year, which was 44, a decrease of 36%.


	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.