Is Barnegat Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Barnegat Township has remained a Seller's Market.
Housing Prices in Barnegat Township, NJ
How much do homes in Barnegat Township, NJ cost?
Median Sold Price
$445,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Barnegat Township was $445,000 in May 2024, up 4.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177.5K | $118K | -33.5% |
2 Bedrooms | $399.9K | $372.5K | -6.9% |
3 Bedrooms | $403K | $455K | +12.9% |
4 Bedrooms | $508.1K | $529.9K | +4.3% |
5+ Bedrooms | $590K | $632.5K | +7.2% |
Summary: Barnegat Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.5%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Waretown | $375K | $465.1K | +24.0% |
Stafford Township | $472.5K | $520.1K | +10.1% |
Ocean Township | $510.3K | $540.6K | +5.9% |
Barnegat Township | $425K | $445K | +4.7% |
Barnegat | $422K | $441.6K | +4.7% |
Housing Supply in Barnegat Township, NJ
How many homes are available in Barnegat Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
168 | 156 | -7.1% |
Summary: The Barnegat Township real estate market had 156 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 64 | 59 | -7.8% |
3 Bedrooms | 48 | 46 | -4.2% |
4 Bedrooms | 44 | 43 | -2.3% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Barnegat Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 47 | +17.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Barnegat Township in May 2024, up by 17.5% month-over-month. Of the 47 sold homes, 45% were sold under asking, 21% were sold at asking, and 34% were sold over asking.
Days on Market for Barnegat Township, NJ
How long does it take to sell a home in Barnegat Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 38 Days | +116.2% |
Summary: Homes in Barnegat Township had an average of 38 days on market in May 2024, up by 116.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in Barnegat Township; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.