Margate City has emerged as a hotspot for high-end buyers, fueled by skyrocketing home prices and limited inventory. The town recorded 27 sales above $2 million in the third quarter alone, marking a 64 percent increase from last year. Comparatively rare listings, now below 60 properties, have intensified competition, while other Jersey Shore communities like Beach Haven are also experiencing notable luxury market growth.
• Margate City ranks third nationwide for luxury housing growth with a 298 percent price surge since pre-pandemic
• Average third-quarter home sale price reached $2.089 million, up from $1.27 million last year
• Inventory has tightened from 160–170 homes pre-pandemic to fewer than 60 listings today
• Nearby Beach Haven saw average sales reach $2.46 million, highlighting regional high-end market expansion
Margate’s dramatic rise reflects a strong demand for exclusive coastal living, with the town solidifying its status as a premier luxury real estate market. The trend indicates continued interest and potential for high-end buyers along the Jersey Shore.
By: Sarah Knieff | The Philadelphia Business Journal | November 2025
