Atlantic City Metro Home Prices & Values

$187,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.6% 1-year change
  • 2.1% 1-year forecast

Market Temperature: Very ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Atlantic City Metro is $187,700. Atlantic City Metro home values have gone up 3.6% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Atlantic City Metro is $140, which is lower than the New Jersey average of $175. The median price of homes currently listed in Atlantic City Metro is $234,900 while the median price of homes that sold is $180,750. The median rent price in Atlantic City Metro is $1,775, which is higher than the New Jersey median of $1,750.

Foreclosures will be a factor impacting home values in the next several years. In Atlantic City Metro 3.2 homes are foreclosed (per 10,000). This is greater than the New Jersey value of 1.5 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Atlantic City Metro is 20.0%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Atlantic City Metro homeowners underwater on their mortgage is 30.9%, which is higher than New Jersey at 21.2%.

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Relative ZHVI
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Atlantic City Metro Market Overview

Data through Jun 30, 2014
  • $187,700 ZHVI
  • 2.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $234,900 Median listing price
  • $180,750 Median sale price
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Atlantic City Metro Market Health

Data through Jun 30, 2014
  • 2.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 188 Average of days on Zillow (May 31, 2014)
  • 30.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 20.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.2 homes Atlantic City Metro
1.5 homes New Jersey
4.3 homes United States
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Cities in Atlantic City Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Brigantine $317,400 Ventnor City $248,600 Egg Harbor Township $194,000
Somers Point $182,900 Galloway $174,300 Hammonton $170,800
Hamilton Township $155,300 Atlantic City $136,600 Pleasantville $87,900

Listings & Sales

Data through Jun 30, 2014
  • $140 Median list price / sq ft
  • $114 Median sale price / sq ft
  • 28.7% Listings with price cut
39.4%
Sold below listing
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Atlantic City Metro Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,525 Atlantic City Metro
$1,904 New Jersey
$1,310 United States
  • No data Breakeven horizon
  • $1,775 Rent list price
  • $1.56 Rent list price / sq ft
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