Is Margate City, NJ 08402 a buyer’s or seller’s market?

The Margate City housing market right now

In the three months ending August 31, 2026, 7% of homes in Margate City, NJ 08402 sold above their list price, the typical home went under contract in 89 days and there were 4.3 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 59 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold faster (93 days then) and the median sale price fell 6% to $1,114,518. Overall, Margate City is more competitive than a year ago, so tougher for buyers.

Within Atlantic County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 90%. On our competition score, Margate City ranks #443 of 444 NJ ZIP codes with enough sales (score 15 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.