Is Island Heights, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Island Heights was a Buyer's Market.
Housing Prices in Island Heights, NJ
How much do homes in Island Heights, NJ cost?
Median Sold Price
$685,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Island Heights was $685,000 in April 2024, up 43.5% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $79.5K | $331K | +316.4% |
2 Bedrooms | $325K | $525K | +61.5% |
3 Bedrooms | $450K | $595K | +32.2% |
4 Bedrooms | $659K | $999K | +51.6% |
5+ Bedrooms | $1.7M | $932K | -45.6% |
Summary: Island Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 316.4%, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 32.2%, 4 bedroom homes increased by 51.6%, and 5+ bedroom homes decreased by 45.6%.
Median Sold Price Compared To Nearby Cities
Island Heights | $477.4K | $685K | +43.5% |
Toms River | $355.3K | $368.5K | +3.7% |
Toms River Township | $369.9K | $379.9K | +2.7% |
Housing Supply in Island Heights, NJ
How many homes are available in Island Heights, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Summary: The Island Heights real estate market had 17 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 | 0 | 0.0% |
2 Bedrooms | 3 | 0 | -100.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Island Heights 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 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Island Heights in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Island Heights, NJ
How long does it take to sell a home in Island Heights, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
-5 Days | 64 Days | -1386.7% |
Summary: Homes in Island Heights had an average of 64 days on market in Apr 2024, up by 1386.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Island Heights; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.