$4,036 Closing Credit*
$339,900
697 SqFt
2 Beds
•1 Full Bath
Joseph DeYonker, Listing Office: Better Homes and Gardens Real Estate Murphy & Co.
Is Forked River, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Forked River has remained a Seller's Market.
Key Takeaway
Forked River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forked River, NJ
How much do homes in Forked River, NJ cost?
Median Sold Price
$443,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$43,000(+10.8%)
Key Takeaway
Homes in Forked River have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Forked River was $443,000 in August 2024, up 10.8% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $265K | +6.0% |
| 2 Bedrooms | $315K | $342.5K | +8.7% |
| 3 Bedrooms | $380.5K | $436.2K | +14.7% |
| 4 Bedrooms | $550K | $550K | 0.0% |
| 5+ Bedrooms | $649.9K | $750K | +15.4% |
Summary: Forked River housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 14.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Lanoka Harbor | $445K | $540K | +21.3% |
| Waretown | $422.5K | $475K | +12.4% |
| Lacey Township | $405.3K | $454.6K | +12.2% |
| Forked River | $400K | $443K | +10.8% |
| Berkeley Township | $322.3K | $339.9K | +5.4% |
Housing Supply in Forked River, NJ
How many homes are available in Forked River, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 149 | 149 | 0.0% |
Summary: The Forked River real estate market had 149 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 56 | 52 | -7.1% |
| 4 Bedrooms | 45 | 46 | +2.2% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Forked River housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forked River, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Forked River in August 2024, up by 25.0% month-over-month. Of the 35 sold homes, 51% were sold under asking, 14% were sold at asking, and 34% were sold over asking.
Days on Market for Forked River, NJ
How long does it take to sell a home in Forked River, NJ?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | +4.3% |
Summary: Homes in Forked River had an average of 34 days on market in Aug 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Forked River has remained consistent over time.
Summary: During August 2024, 35 homes were sold in Forked River; 49% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.