Is Egg Harbor City, 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, Egg Harbor City was a Seller's Market.
Housing Prices in Egg Harbor City, NJ
How much do homes in Egg Harbor City, NJ cost?
Median Sold Price
$257,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Egg Harbor City was $257,500 in March 2024, down 1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $359.9K | $140K | -61.1% |
2 Bedrooms | $232K | $215K | -7.3% |
3 Bedrooms | $254.9K | $267.5K | +4.9% |
4 Bedrooms | $274K | $275K | 0.4% |
5+ Bedrooms | $304K | $400K | +31.6% |
Summary: Egg Harbor City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.1%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Cities
Mullica Township | $310K | $335K | +8.1% |
Washington Township | $332K | $355K | +6.9% |
Galloway Township | $270K | $280K | +3.7% |
Egg Harbor City | $260K | $257.5K | -1.0% |
Housing Supply in Egg Harbor City, NJ
How many homes are available in Egg Harbor City, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 70 | +20.7% |
Summary: The Egg Harbor City real estate market had 70 homes for sale in March 2024, a 20.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 39 | 44 | +12.8% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Egg Harbor City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Egg Harbor City in March 2024, up by 140.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Egg Harbor City, NJ
How long does it take to sell a home in Egg Harbor City, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 38 Days | +135.7% |
Summary: Homes in Egg Harbor City had an average of 38 days on market in Mar 2024, up by 135.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Egg Harbor City; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.