Is Atlantic City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$220,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Atlantic City have sold for 27.9% more than they did a year ago.
Summary: The median home sold price in Atlantic City was $220,500 in March 2024, up 27.9% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $181.5K | +11.7% |
| 2 Bedrooms | $158.3K | $252.5K | +59.4% |
| 3 Bedrooms | $166K | $220K | +32.5% |
| 4 Bedrooms | $215K | $245K | +14.0% |
| 5+ Bedrooms | $357.5K | $415K | +16.1% |
Summary: Atlantic City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 59.4%, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Cities
| Atlantic City | $172.3K | $220.5K | +27.9% |
| Pleasantville | $179.5K | $200K | +11.4% |
| Brigantine | $530K | $579.9K | +9.4% |
| Ventnor City | $455K | $485K | +6.6% |
| Absecon | $285K | $294.5K | +3.3% |
Housing Supply in Atlantic City, NJ
How many homes are available in Atlantic City, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 256 | 265 | +3.5% |
Summary: The Atlantic City real estate market had 265 homes for sale in March 2024, a 3.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 59 | 66 | +11.9% |
| 2 Bedrooms | 50 | 54 | +8.0% |
| 3 Bedrooms | 93 | 91 | -2.2% |
| 4 Bedrooms | 39 | 37 | -5.1% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Atlantic City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Atlantic City, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Atlantic City in March 2024, up by 3.4% month-over-month. Of the 19 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 53 Days | -29.8% |
Summary: Homes in Atlantic City had an average of 53 days on market in Mar 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Atlantic City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in Atlantic City; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.