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Featured local agent — Margate City, NJ
Sarah Mitchell
Compass Real Estate · Margate City, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Margate City, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.25Mmedian sale price
How is the Margate City, NJ housing market right now?
The median home sale price in Margate City, NJ is $1.25M, up 8.7% year-over-year. Homes sell in an average of 96 days with 105 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Margate City a buyer's or seller's market?
Margate City, NJ is currently a buyer's market, based on 7.0 months of supply and homes selling in about 96 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
96
Average pace
Active listings
105
7.0 months supply
Sale-to-list
93.7%
Below asking
What does the Margate City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.25M |
| Median list price | $985,000 |
| Year-over-year price change | +8.7% |
| Average days on market | 96 days |
| Active inventory | 105 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 93.7% |
| Median price per sq ft | $691/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 19 |
| Listings with a price cut | 17.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Margate City by property type?
How the Margate City, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.44M | $691/sq ft | 12 | 86 days |
| Condo / Co-op | $477,500 | $930/sq ft | 2 | 202 days |
| Townhouse | $905,000 | $566/sq ft | 1 | 63 days |
Source: Redfin · Updated monthly
The Margate City housing market is currently classified as a buyer's market with a median sale price of $1.25M. Prices have risen 8.7% compared to last year, with homes spending an average of 96 days on market, indicating 7.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 9.9x provides context for how home values compare to local earning capacity.
Homes for sale in Margate City
There are currently 105 homes listed for sale in Margate City, New Jersey. The median listing price is $985K.
Active listings
105
Homes on market
Median list price
$985K
Avg. days on market
96
Days until sale
New this week
19
Newly listed
Who lives in Margate City?
Population
5,260
Median income
$114,417/yr
Median age
57.9 years
Owner-occupied
89.8%
College grads
60.1%
Avg commute
29.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Margate City?
Zillow home value
$1.13M
Zillow rent index
$6,862/mo
Price-to-rent ratio
13.7x
Price-to-income
9.9x
Source: Zillow Research
What is it like to live in Margate City?
Margate City is a community of approximately 5K residents with a median age of 57.9 years.The median household income is $114,417, which reflects a relatively affluent area with strong earning potential. 60.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Margate City offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Margate City, NJ?
Want a head-to-head view? Compare Margate City side-by-side with any other U.S. city using our market-comparison tool.
Is Margate City a good real estate investment market?
For investors evaluating Margate City, the price-to-rent ratio of 13.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 8.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Margate City's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Margate City's median home price.
Frequently asked questions
What is the average home price in Margate City?
The median home sale price in Margate City is $1.25M, up 8.7% from last year.
How long do homes stay on market in Margate City?
Homes typically spend 96 days on market before going under contract.
What is the median income in Margate City?
The median household income is $114,417 per year.
Is Margate City a buyer's or seller's market?
With 7.0 months of supply, Margate City is currently a buyer's market.
What is the Zillow home value estimate for Margate City?
The Zillow Home Value Index (ZHVI) for Margate City is $1.13M, representing the typical home value in the area.
What is the median condo price in Margate City?
The median condo/co-op sale price in Margate City, NJ is $477,500, compared to $1.44M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Margate City?
The median single-family home price in Margate City, NJ is $1.44M (about $691 per square foot).
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