Is Asbury Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Asbury Park was a Seller's Market.
Housing Prices in Asbury Park, NJ
How much do homes in Asbury Park, NJ cost?
Median Sold Price
$639,900
$494/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Asbury Park was $639,900 in March 2024, up 6.7% from last year, and the median price per square foot was $494.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $415K | +12.2% |
2 Bedrooms | $685K | $725K | +5.8% |
3 Bedrooms | $555K | $725K | +30.6% |
4 Bedrooms | $812K | $699.5K | -13.9% |
5+ Bedrooms | $914.7K | $830K | -9.3% |
Summary: Asbury Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 30.6%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Neptune Township | $450K | $517.7K | +15.1% |
Asbury Park | $599.9K | $639.9K | +6.7% |
Ocean Township | $700K | $700K | 0.0% |
Housing Supply in Asbury Park, NJ
How many homes are available in Asbury Park, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 85 | +37.1% |
Summary: The Asbury Park real estate market had 85 homes for sale in March 2024, a 37.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 13 | +116.7% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The Asbury Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 116.7%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Asbury Park in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Asbury Park, NJ
How long does it take to sell a home in Asbury Park, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 24 Days | -67.1% |
Summary: Homes in Asbury Park had an average of 24 days on market in Mar 2024, down by 67.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Asbury Park; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.