Is Forked River, 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, Forked River has remained a Seller's Market.
Housing Prices in Forked River, NJ
How much do homes in Forked River, NJ cost?
Median Sold Price
$440,200
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forked River was $440,200 in April 2024, up 15.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | - | N/A |
2 Bedrooms | $307K | $327.5K | +6.7% |
3 Bedrooms | $374.9K | $425K | +13.4% |
4 Bedrooms | $537.5K | $555K | +3.3% |
5+ Bedrooms | $524.9K | $687K | +30.9% |
Summary: Forked River 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 6.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 30.9%.
Median Sold Price Compared To Nearby Cities
Waretown | $370K | $463.7K | +25.4% |
Forked River | $380K | $440.2K | +15.8% |
Lacey Township | $395.8K | $450K | +13.7% |
Lanoka Harbor | $470K | $515K | +9.6% |
Berkeley Township | $315K | $335.4K | +6.5% |
Housing Supply in Forked River, NJ
How many homes are available in Forked River, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 107 | +4.9% |
Summary: The Forked River real estate market had 107 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 39 | 44 | +12.8% |
4 Bedrooms | 27 | 34 | +25.9% |
5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The Forked River housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Forked River in April 2024, up by 15.0% month-over-month. Of the 23 sold homes, 30% were sold under asking, 22% were sold at asking, and 48% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 26 Days | +1.3% |
Summary: Homes in Forked River had an average of 26 days on market in Apr 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Forked River; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.