Is Atlantic City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Atlantic City has remained a Neutral Market.
Housing Prices in Atlantic City, NJ
How much do homes in Atlantic City, NJ cost?
Median Sold Price
$221,666
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Atlantic City was $221,666 in April 2024, up 29.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173K | $186.5K | +7.8% |
2 Bedrooms | $156.2K | $253K | +61.9% |
3 Bedrooms | $160K | $220K | +37.5% |
4 Bedrooms | $208.5K | $239K | +14.6% |
5+ Bedrooms | $357.5K | $445K | +24.5% |
Summary: Atlantic City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 61.9%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
Atlantic City | $170.9K | $221.6K | +29.7% |
Pleasantville | $180K | $219K | +21.7% |
Brigantine | $525.2K | $580K | +10.4% |
Absecon | $290K | $299.9K | +3.4% |
Ventnor City | $505K | $475K | -5.9% |
Housing Supply in Atlantic City, NJ
How many homes are available in Atlantic City, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
223 | 252 | +13.0% |
Summary: The Atlantic City real estate market had 252 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 55 | 61 | +10.9% |
2 Bedrooms | 48 | 51 | +6.3% |
3 Bedrooms | 81 | 94 | +16.0% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Atlantic City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 41 | +32.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Atlantic City in April 2024, up by 32.3% month-over-month. Of the 27 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 77 Days | +7.7% |
Summary: Homes in Atlantic City had an average of 77 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Atlantic City; 37% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.