Is Absecon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Absecon has remained a Seller's Market.
Key Takeaway
Absecon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Absecon, NJ
How much do homes in Absecon, NJ cost?
Median Sold Price
$299,950
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Absecon have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Absecon was $299,950 in April 2024, up 3.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.5K | - | N/A |
| 2 Bedrooms | $163K | $178K | +9.2% |
| 3 Bedrooms | $290K | $310K | +6.9% |
| 4 Bedrooms | $345K | $349K | +1.2% |
| 5+ Bedrooms | $377.5K | $449K | +18.9% |
Summary: Absecon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Atlantic City | $170.9K | $221.6K | +29.7% |
| Pleasantville | $180K | $219K | +21.7% |
| Egg Harbor Township | $344.5K | $375K | +8.9% |
| Galloway Township | $270K | $290K | +7.4% |
| Absecon | $290K | $299.9K | +3.4% |
Housing Supply in Absecon, NJ
How many homes are available in Absecon, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 54 | 0.0% |
Summary: The Absecon real estate market had 54 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Absecon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Absecon, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Absecon in April 2024, up by 81.8% month-over-month. Of the 17 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.
Days on Market for Absecon, NJ
How long does it take to sell a home in Absecon, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 14 Days | -71.7% |
Summary: Homes in Absecon had an average of 14 days on market in Apr 2024, down by 71.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Absecon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Absecon; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.