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 November 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

$349,085

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$63,226(+22.1%)

Key Takeaway

Homes in Atlantic County have sold for 22.1% more than they did a year ago.

Summary: The median home sold price in Atlantic County was $349,085 in November 2024, up 22.1% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $169.2K$187.2K
+10.6%
2 $219.4K$247K
+12.6%
3 $325K$348.1K
+7.1%
4 $429.9K$476.4K
+10.8%
5+ $600K$783.5K
+30.6%

Summary: Atlantic County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Counties

Atlantic County
+22.1%
Cumberland County
+10.1%
Gloucester County
+10.0%
Camden County
+9.7%
Cape May County
-2.1%

Housing Supply in Atlantic County, NJ

How many homes are available in Atlantic County, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,5421,445-6.3%

Summary: The Atlantic County real estate market had 1,445 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 130132
+1.5%
2 342332
-2.9%
3 575505
-12.2%
4 307284
-7.5%
5+ 188192
+2.1%

Summary: The Atlantic County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 2.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
324295-9.0%

Asking Price vs. Sold Price

128 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

59 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. 54.7% of homes here sold below asking price last month.

Summary: A total of 295 homes were sold or pending in Atlantic County in November 2024, down by 9.0% month-over-month. Of the 234 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
47 Days43 Days-8.4%

Summary: Homes in Atlantic County had an average of 43 days on market in Nov 2024, down by 8.4% compared to last year.

Breakdown of Home Sale Times

169 Homes Were Sold
Under 30 Days

86 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 November 2024, 295 homes were sold in Atlantic County; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% 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

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