South Jersey's August market,
county by county

The state and county figures come from New Jersey REALTORS® and compare with the same time last year.

Across New Jersey

The statewide median sale price for a single family home was $644,500 in August, up 3.1% from August of last year, with 2.9 months' worth of homes for sale. Closed sales came to 5,650, down 0.3%. New listings came to 6,871, up 3.8%. Homes that went under contract came to 4,845, down 7.7%. Sellers received 102.5% of list price, and homes took 33 days on market. Year to date the median sale price is $615,000, up 3.4%.

For townhouses and condos, the median sale price was $440,000, level with a year ago, with 3.6 months' worth of them for sale. Their closed sales came to 1,576, down 8.6%. In adult communities, the median sale price was $375,000, down 1.3%, with 3.3 months' worth of homes for sale. Their closed sales came to 655, down 2.2%.

Nationally, in the National Association of REALTORS®' latest monthly report, previously owned homes sold at a pace of 4.09 million a year, down 2.4% from the prior month but up 2.8% from a year earlier. There were 4.6 months' worth of homes for sale, and the median sale price was $440,600, up 1.8% and a new record high.

South Jersey at a glance

South Jersey's single family median sale prices, from lowest to highest, were Salem $280,000 (down 7.4%), Cumberland $301,500 (up 5.8%), Gloucester $407,000 (up 2.7%), Camden $415,000 (up 2.5%), Atlantic $438,750 (up 9.7%), Burlington $455,000 (down 0.9%), Ocean $649,900 (up 4.8%) and Cape May $659,000 (up 9.8%).

Months' worth of homes for sale ranged from 2.5 in Camden to 4.1 in Atlantic and Cape May. Days on market ranged from 28 in Camden to 66 in Cape May. Sellers received from 96.1% of list price in Cape May to 101.9% in Camden.

Gloucester County

The median sale price of a single family home in Gloucester County was $407,000 in August, up 2.7% from a year ago. Homes took 31 days on market, sellers received 101.2% of list price, and there were 2.6 months' worth of homes for sale. Single family closed sales came to 260, up 3.2%. New listings came to 287, up 2.1%. For townhouses and condos, the median sale price was $292,500, down 4.4%, with 2.3 months' worth of them for sale. In adult communities, the median sale price was $444,325, up 6.4%. Year to date, the median sale price of a single family home there is $400,000, up 7.1%.

Camden County

The median sale price of a single family home in Camden County was $415,000 in August, up 2.5% from a year ago. Homes took 28 days on market, sellers received 101.9% of list price, and there were 2.5 months' worth of homes for sale. Single family closed sales came to 347, down 6.2%. New listings came to 394, down 1.7%. For townhouses and condos, the median sale price was $318,500, up 22.5%, with 3.3 months' worth of them for sale. Year to date, the median sale price of a single family home there is $401,000, up 4.2%.

Burlington County

The median sale price of a single family home in Burlington County was $455,000 in August, down 0.9% from a year ago. Homes took 31 days on market, sellers received 101.2% of list price, and there were 3.0 months' worth of homes for sale. Single family closed sales came to 351, down 0.6%. New listings came to 391, up 8.0%. For townhouses and condos, the median sale price was $312,500, down 8.6%, with 2.7 months' worth of them for sale. In adult communities, the median sale price was $390,000, down 6.6%. Year to date, the median sale price of a single family home there is $450,000, up 5.9%.

Salem County

The median sale price of a single family home in Salem County was $280,000 in August, down 7.4% from a year ago. Homes took 38 days on market, sellers received 97.5% of list price, and there were 4.0 months' worth of homes for sale. Single family closed sales came to 59, down 4.8%. New listings came to 72, down 17.2%. Year to date, the median sale price of a single family home there is $285,000, up 1.8%.

Cumberland County

The median sale price of a single family home in Cumberland County was $301,500 in August, up 5.8% from a year ago. Homes took 45 days on market, sellers received 99.9% of list price, and there were 4.0 months' worth of homes for sale. Single family closed sales came to 94, down 5.1%. New listings came to 141, up 11.9%. Year to date, the median sale price of a single family home there is $290,000, up 3.6%.

Atlantic County

The median sale price of a single family home in Atlantic County was $438,750 in August, up 9.7% from a year ago. Homes took 47 days on market, sellers received 98.3% of list price, and there were 4.1 months' worth of homes for sale. Single family closed sales came to 188, down 4.1%. New listings came to 312, down 10.3%. For townhouses and condos, the median sale price was $244,500, down 5.9%, with 5.4 months' worth of them for sale. In adult communities, the median sale price was $351,000, up 3.8%. Year to date, the median sale price of a single family home there is $445,000, up 10.8%.

Cape May County

The median sale price of a single family home in Cape May County was $659,000 in August, up 9.8% from a year ago. Homes took 66 days on market, sellers received 96.1% of list price, and there were 4.1 months' worth of homes for sale. Single family closed sales came to 118, down 4.1%. New listings came to 187, down 2.6%. For townhouses and condos, the median sale price was $712,000, down 19.4%, with 4.2 months' worth of them for sale. Year to date, the median sale price of a single family home there is $660,000, up 12.8%.

Ocean County

The median sale price of a single family home in Ocean County was $649,900 in August, up 4.8% from a year ago. Homes took 36 days on market, sellers received 99.9% of list price, and there were 3.5 months' worth of homes for sale. Single family closed sales came to 449, down 12.1%. New listings came to 735, down 3.8%. For townhouses and condos, the median sale price was $429,990, up 1.2%, with 4.0 months' worth of them for sale. In adult communities, the median sale price was $330,000, up 1.5%. Year to date, the median sale price of a single family home there is $630,000, up 4.0%.

The full county tables

Our South Jersey Market Report and NJ Housing Market Report pages carry the full county tables by type of home, with twelve months of history. They are updated each month when New Jersey REALTORS® releases its report.