Is Atlantic City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Atlantic City was a Seller's Market.
Housing Prices in Atlantic City, NJ
How much do homes in Atlantic City, NJ cost?
Median Sold Price
$220,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Atlantic City was $220,000 in February 2024, up 30.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $180K | +7.5% |
2 Bedrooms | $165K | $250K | +51.5% |
3 Bedrooms | $155K | $218K | +40.6% |
4 Bedrooms | $201K | $240K | +19.4% |
5+ Bedrooms | $370K | $445K | +20.3% |
Summary: Atlantic City housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 51.5%, 3 bedroom homes increased by 40.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
Atlantic City | $168.9K | $220K | +30.2% |
Ventnor City | $461.2K | $500K | +8.4% |
Pleasantville | $184.9K | $199.4K | +7.8% |
Brigantine | $530K | $570K | +7.5% |
Absecon | $285.5K | $294K | +3.0% |
Housing Supply in Atlantic City, NJ
How many homes are available in Atlantic City, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
237 | 260 | +9.7% |
Summary: The Atlantic City real estate market had 260 homes for sale in February 2024, a 9.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 49 | 61 | +24.5% |
2 Bedrooms | 44 | 52 | +18.2% |
3 Bedrooms | 99 | 95 | -4.0% |
4 Bedrooms | 32 | 37 | +15.6% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Atlantic City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Atlantic City in February 2024, up by 33.3% month-over-month. Of the 17 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
88 Days | 68 Days | -22.8% |
Summary: Homes in Atlantic City had an average of 68 days on market in Feb 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 28 homes were sold in Atlantic City; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.