Is Lanoka Harbor, 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, Lanoka Harbor has remained a Seller's Market.
Housing Prices in Lanoka Harbor, NJ
How much do homes in Lanoka Harbor, NJ cost?
Median Sold Price
$530,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lanoka Harbor was $530,000 in May 2024, up 15.2% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | - | N/A |
2 Bedrooms | $317.5K | $310.9K | -2.1% |
3 Bedrooms | $370K | $450K | +21.6% |
4 Bedrooms | $615K | $570K | -7.3% |
5+ Bedrooms | $575K | $725K | +26.1% |
Summary: Lanoka Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 21.6%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 26.1%.
Median Sold Price Compared To Nearby Cities
Bayville | $424K | $503.7K | +18.8% |
Lanoka Harbor | $460K | $530K | +15.2% |
Forked River | $386.2K | $441K | +14.2% |
Lacey Township | $398.6K | $450K | +12.9% |
Berkeley Township | $315K | $336.5K | +6.8% |
Housing Supply in Lanoka Harbor, NJ
How many homes are available in Lanoka Harbor, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 43 | -2.3% |
Summary: The Lanoka Harbor real estate market had 43 homes for sale in May 2024, a 2.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lanoka Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lanoka Harbor in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Lanoka Harbor, NJ
How long does it take to sell a home in Lanoka Harbor, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
76 Days | 20 Days | -73.6% |
Summary: Homes in Lanoka Harbor had an average of 20 days on market in May 2024, down by 73.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Lanoka Harbor; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.