Is Lanoka Harbor, 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, Lanoka Harbor was a Seller's Market.
Housing Prices in Lanoka Harbor, NJ
How much do homes in Lanoka Harbor, NJ cost?
Median Sold Price
$520,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lanoka Harbor was $520,000 in March 2024, up 13% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | - | N/A |
2 Bedrooms | $327K | $310K | -5.2% |
3 Bedrooms | $415K | $445K | +7.2% |
4 Bedrooms | $650K | $592.5K | -8.8% |
5+ Bedrooms | $617K | $725K | +17.5% |
Summary: Lanoka Harbor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
Bayville | $419.3K | $499.1K | +19.0% |
Forked River | $375.6K | $439.4K | +17.0% |
Lanoka Harbor | $460K | $520K | +13.0% |
Lacey Township | $399.7K | $450K | +12.6% |
Berkeley Township | $313.1K | $334.9K | +7.0% |
Housing Supply in Lanoka Harbor, NJ
How many homes are available in Lanoka Harbor, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 51 | +4.1% |
Summary: The Lanoka Harbor real estate market had 51 homes for sale in March 2024, a 4.1% 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 | 8 | 12 | +50.0% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lanoka Harbor 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 50%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lanoka Harbor in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Lanoka Harbor, NJ
How long does it take to sell a home in Lanoka Harbor, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 22 Days | +86.4% |
Summary: Homes in Lanoka Harbor had an average of 22 days on market in Mar 2024, up by 86.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Lanoka Harbor; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.