Is Somers Point, NJ 08244 a buyer’s or seller’s market?

The Somers Point housing market right now

In the three months ending August 31, 2026, 18% of homes in Somers Point, NJ 08244 sold above their list price, the typical home went under contract in 75 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold about as fast and the median sale price fell 2% to $458,801. Overall, Somers Point is about as competitive as it was a year ago.

Within Atlantic County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Somers Point ranks #436 of 444 NJ ZIP codes with enough sales (score 25 out of 100).

Nearby, buyers who want less competition could look at Estell Manor 08319 (0% sold over asking) or Port Republic 08241 (0% sold over asking), while Minotola 08341 (60% sold over asking) and Dorothy 08317 (50% sold over asking) are even more competitive.