Real Estate Market Update for 08401 (Atlantic City, NJ)
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 82% from one year earlier, and down 50% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 500%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 30-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 50% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 08401 (Atlantic City, NJ)
Area Information for 08401 (Atlantic City, NJ)
  • Population: 37,924
  • Median Age: 37.54 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 3,562/sq mi
  • Population Change Since 2000: -6.35%
  • Closest Airport: Atlantic City International
  • Closest College: Richard Stockton College Of New Jersey
  • Closest Jr. College: Atlantic Cape Community College
  • Median Household Income: $29,902
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $77,800
  • Closest Major Sports Team: Lakewood Blueclaws (a)
  • Change Avg. Household Income Since 2000: 15.86%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08401 (Atlantic City, NJ)
Median Age: 37.54 Married: 26% Number of Households: 14,942 Households with Children: 4,506
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 08401 (Atlantic City, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      New York Avenue School 0.2 mi Public PRESCHOOL-8 0 0
      Dr Martin Luther King Jr School Complex 0.4 mi Public PRESCHOOL-8 1 0
      New Jersey Avenue Elementary School 0.4 mi Public PRESCHOOL-8 0 0
      Texas Avenue Elementary School 0.7 mi Public K-8 2 0
      Atlantic City Community Charter School 0.7 mi Public K-5 0 0
      New Hope Christian Academy/robinson Small Learning Center 0.7 mi Private PRESCHOOL-1 0 0
      Our Lady Star Of The Sea Regional 0.8 mi Catholic PRESCHOOL-8 0 0
      Brighton Avenue School 1.0 mi Public PRESCHOOL-6 2 0
      Uptown School Complex Elementary School 1.0 mi Public PRESCHOOL-8 0 0
      Venice Park 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      Sovereign Ave School 1.2 mi Public PRESCHOOL-8 2 0
      Chelsea Heights Elementary School 1.7 mi Public PRESCHOOL-8 3 0
      Richmond Avenue Elementary School 1.7 mi Public PRESCHOOL-8 2 0
      Atlantic City High School 2.2 mi Public 9-12 2 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 08401 (Atlantic City, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.