Somers Point, NJ
Housing market overview · Updated weekly
$422,450median sale price
Homes sold
10
Last 12 weeks
Days on market
86
Average pace
Active listings
51
5.1 months supply
Sale-to-list
96.5%
Below asking
The Somers Point housing market is currently classified as a buyer's market with a median sale price of $422,450. Prices have risen 3.0% compared to last year, with homes spending an average of 86 days on market, indicating 5.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Somers Point
There are currently 51 homes listed for sale in Somers Point, New Jersey. The median listing price is $485K.
Active listings
51
Homes on market
Median list price
$485K
Avg. days on market
86
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Somers Point?
The median home sale price in Somers Point is $422,450, up 3.0% from last year.
How long do homes stay on market in Somers Point?
Homes typically spend 86 days on market before going under contract.
Is Somers Point a buyer's or seller's market?
With 5.1 months of supply, Somers Point is currently a buyer's market.
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