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 April 2023
Since last year, Little Egg Harbor Township has remained 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
$360,666
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Little Egg Harbor Township was $360,666 in April 2024, up 6.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $152K | +38.2% |
2 Bedrooms | $265K | $260.1K | -1.8% |
3 Bedrooms | $355K | $380K | +7.0% |
4 Bedrooms | $449K | $502K | +11.8% |
5+ Bedrooms | $510K | $574.5K | +12.6% |
Summary: Little Egg Harbor Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.2%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
West Creek | $350K | $585K | +67.1% |
Tuckerton | $345K | $405K | +17.4% |
Little Egg Harbor Township | $338K | $360.6K | +6.7% |
Beach Haven | $1.6M | $1.6M | -0.8% |
Housing Supply in Little Egg Harbor Township, NJ
How many homes are available in Little Egg Harbor Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
188 | 197 | +4.8% |
Summary: The Little Egg Harbor Township real estate market had 197 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 48 | 54 | +12.5% |
3 Bedrooms | 95 | 94 | -1.1% |
4 Bedrooms | 39 | 37 | -5.1% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Little Egg Harbor Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Little Egg Harbor Township in April 2024, down by 2.9% month-over-month. Of the 33 sold homes, 45% were sold under asking, 12% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 32 Days | -21.4% |
Summary: Homes in Little Egg Harbor Township had an average of 32 days on market in Apr 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Little Egg Harbor Township; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.