NJShore Guide

08244 Real Estate

Somers Point Housing Market

$589KMedian Price
49Listings
66Days on Market

Somers Point Housing Market (08244)

The Atlantic County real estate market is gaining momentum. With a median asking price of $589,000 and homes averaging 66 days on market, competition is building. Well-priced properties in prime locations are drawing multiple offers.

Prices here run about 44% above the shore-wide average, reflecting desirable location and amenities.

Winter is typically the slowest season for shore real estate. Serious sellers may be more flexible on price during these months.

Price Trends (24 Months)

$409K$456K$503K$550K$597KFeb '24Jun '24Oct '24Feb '25Jun '25Oct '25Jan '26
Median List Price
Latest: $589K

Current Market Snapshot

Median Price
$589K
+17.9%YoY
Active Listings
49
Days on Market
66
Monthly Change
+3.3%

Compared to Atlantic County

ZIP Median Price
$589K
County Median
$410K
Difference
+43.6%above county avg

Market Health Indicators

Price Trend
+17.9%
Days on Market
66 days
Inventory
49

About Somers Point

Somers Point is a shore community in Atlantic County. Learn more about beaches, attractions, dining, and events.

somers-point

Try Before You Buy in Somers Point

Considering a move to 08244? Rent a vacation home first to experience the neighborhood and lifestyle before committing.

Browse Vacation Rentals

Investment Potential

Investment Calculator

Estimate your potential returns if you rent out your Somers Point property during summer months.

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10%$118K50%
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Peak summer week rate

4 wks20 wks

Annual Summary

Gross Rental Income$21,600
Est. Expenses (30%)-$6,480
Net Rental Income$15,120
Annual Mortgage-$37,612
Property Tax (est.)-$10,600
Annual Cash Flow$-33,092
Cap Rate
0.8%
Cash-on-Cash
-28.1%

Investment Outlook

Challenging as pure investment. Negative cash flow means you would need other income or appreciation to justify. Better suited as a vacation home with some rental offset.

* Estimates only. Consult a financial advisor and research local rental regulations. Expenses estimate includes insurance, maintenance, management, and vacancy.

Nearby ZIP Codes

08203Brigantine08401Atlantic City08406Ventnor08402Margate08403Longport08205Smithville

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08244 Real Estate FAQs

What is the median home price in Somers Point (08244)?
The current median list price in Somers Point (ZIP 08244) is approximately $589K. Prices vary based on proximity to the beach, property size, and condition. Check the market snapshot above for the latest data.
Is Somers Point a good place to buy a shore home?
Somers Point offers its own unique character within Atlantic County. Consider factors like beach access, local amenities, commute times, and rental potential. Many buyers rent in the area first to experience the community before purchasing.
How long do homes stay on the market in 08244?
Days on market in Somers Point varies seasonally. Summer listings often move faster due to higher buyer activity. Check the current market metrics above to see how quickly homes are selling in this area right now.
Can I rent out my property in Somers Point?
Rental regulations in Somers Point depend on local ordinances. Some shore towns welcome short-term vacation rentals while others restrict them. Contact the local municipality for current rental permit requirements and restrictions.
What are the flood insurance costs in 08244?
Flood insurance costs in Somers Point depend on the property's elevation, flood zone designation, and whether the structure has been elevated. Properties in high-risk zones (A or V zones) require flood insurance for federally-backed mortgages.
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