Is Little Egg Harbor Township, 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, Little Egg Harbor Township was a Seller's Market.
Housing Prices in Little Egg Harbor Township, NJ
How much do homes in Little Egg Harbor Township, NJ cost?
Median Sold Price
$360,114
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Little Egg Harbor Township was $360,114 in March 2024, up 5.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $142K | +29.1% |
2 Bedrooms | $265K | $260K | -1.9% |
3 Bedrooms | $355K | $380K | +7.0% |
4 Bedrooms | $448.5K | $515K | +14.8% |
5+ Bedrooms | $526.4K | $539.9K | +2.6% |
Summary: Little Egg Harbor Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
West Creek | $349.5K | $588.5K | +68.4% |
Tuckerton | $352.5K | $397K | +12.6% |
Little Egg Harbor Township | $340K | $360.1K | +5.9% |
Beach Haven | $1.6M | $1.6M | -4.5% |
Housing Supply in Little Egg Harbor Township, NJ
How many homes are available in Little Egg Harbor Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
250 | 263 | +5.2% |
Summary: The Little Egg Harbor Township real estate market had 263 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 66 | 75 | +13.6% |
3 Bedrooms | 116 | 119 | +2.6% |
4 Bedrooms | 60 | 59 | -1.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Little Egg Harbor Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Little Egg Harbor Township in March 2024, the same as the previous month. Of the 30 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for Little Egg Harbor Township, NJ
How long does it take to sell a home in Little Egg Harbor Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 52 Days | +14.5% |
Summary: Homes in Little Egg Harbor Township had an average of 52 days on market in Mar 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Little Egg Harbor Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.