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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Atlantic City is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Atlantic City was a Seller's Market.

Key Takeaway

Atlantic City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Atlantic City, NJ

How much do homes in Atlantic City, NJ cost?

Median Sold Price

$239,633

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,883(+9.5%)

Key Takeaway

Homes in Atlantic City have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Atlantic City was $239,633 in November 2024, up 9.5% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $167.5K$180K
+7.5%
2 $255.5K$254.9K
-0.2%
3 $219K$236.8K
+8.1%
4 $272.2K$279K
+2.5%
5+ $355K$617.5K
+73.9%

Summary: Atlantic City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 73.9%.

Median Sold Price Compared To Nearby Cities

Absecon
+40.9%
Pleasantville
+38.3%
Brigantine
+29.0%
Ventnor City
+17.9%
Atlantic City
+9.5%

Housing Supply in Atlantic City, NJ

How many homes are available in Atlantic City, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
261271+3.8%

Summary: The Atlantic City real estate market had 271 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4847
-2.1%
2 6370
+11.1%
3 109101
-7.3%
4 2230
+36.4%
5+ 1923
+21.1%

Summary: The Atlantic City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 21.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2634+30.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Atlantic City, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Atlantic City in November 2024, up by 30.8% month-over-month. Of the 23 sold homes, 74% were sold under asking, 9% were sold at asking, and 17% were sold over asking.

Days on Market for Atlantic City, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days73 Days+61.1%

Summary: Homes in Atlantic City had an average of 73 days on market in Nov 2024, up by 61.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Atlantic City has remained consistent over time.

Summary: During November 2024, 34 homes were sold in Atlantic City; 29% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 24% 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 1 Day Ago

Newest Listings in Atlantic City, NJ

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