Is Atlantic County, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Atlantic County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Atlantic County has remained a Seller's Market.

Key Takeaway

Atlantic County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Atlantic County, NJ

How much do homes in Atlantic County, NJ cost?

Median Sold Price

$341,193

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$61,508(+22.0%)

Key Takeaway

Homes in Atlantic County have sold for 22% more than they did a year ago.

Summary: The median home sold price in Atlantic County was $341,193 in October 2024, up 22% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$187.7K
+13.8%
2 $215.6K$245.6K
+13.9%
3 $315.1K$344.6K
+9.4%
4 $425K$470.4K
+10.7%
5+ $610K$707.2K
+15.9%

Summary: Atlantic County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Counties

Atlantic County
+22.0%
Gloucester County
+11.0%
Camden County
+9.8%
Cumberland County
+9.1%
Cape May County
-4.3%

Housing Supply in Atlantic County, NJ

How many homes are available in Atlantic County, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,5481,591+2.8%

Summary: The Atlantic County real estate market had 1,591 homes for sale in October 2024, a 2.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 137141
+2.9%
2 335353
+5.4%
3 580586
+1.0%
4 296323
+9.1%
5+ 200188
-6.0%

Summary: The Atlantic County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
302351+16.2%

Asking Price vs. Sold Price

134 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

70 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Atlantic County, you may be able to get a good deal. 52.1% of homes here sold below asking price last month.

Summary: A total of 351 homes were sold or pending in Atlantic County in October 2024, up by 16.2% month-over-month. Of the 257 sold homes, 52% were sold under asking, 21% were sold at asking, and 27% were sold over asking.

Days on Market for Atlantic County, NJ

How long does it take to sell a home in Atlantic County, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days38 Days+6.9%

Summary: Homes in Atlantic County had an average of 38 days on market in Oct 2024, up by 6.9% compared to last year.

Breakdown of Home Sale Times

209 Homes Were Sold
Under 30 Days

103 Homes Were Sold
In 30 - 90 Days

38 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Atlantic County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 351 homes were sold in Atlantic County; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Atlantic County, NJ

Nearby Markets to Atlantic County, NJ

What housing markets are near Atlantic County, NJ?