Is Brigantine, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brigantine is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Brigantine has remained a Seller's Market.

Key Takeaway

Brigantine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brigantine, NJ

How much do homes in Brigantine, NJ cost?

Median Sold Price

$600,000

$425/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$135,000(+29.0%)

Key Takeaway

Homes in Brigantine have sold for 29% more than they did a year ago.

Summary: The median home sold price in Brigantine was $600,000 in November 2024, up 29% from last year, and the median price per square foot was $425.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $250K$304.5K
+21.8%
2 $470K$495K
+5.3%
3 $575K$660K
+14.8%
4 $980K$830K
-15.3%
5+ $1.1M$1.4M
+24.7%

Summary: Brigantine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 24.7%.

Median Sold Price Compared To Nearby Cities

Galloway Township
+51.2%
Brigantine
+29.0%
Atlantic City
+9.5%

Housing Supply in Brigantine, NJ

How many homes are available in Brigantine, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
124122-1.6%

Summary: The Brigantine real estate market had 122 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1717
0.0%
2 3132
+3.2%
3 3426
-23.5%
4 1012
+20.0%
5+ 3235
+9.4%

Summary: The Brigantine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2522-12.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brigantine, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Brigantine in November 2024, down by 12.0% month-over-month. Of the 20 sold homes, 65% were sold under asking, 35% were sold at asking, and 0% were sold over asking.

Days on Market for Brigantine, NJ

How long does it take to sell a home in Brigantine, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days68 Days+81.9%

Summary: Homes in Brigantine had an average of 68 days on market in Nov 2024, up by 81.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brigantine are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 22 homes were sold in Brigantine; 59% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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