Is Little Silver, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Little Silver is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Little Silver has remained a Seller's Market.

Key Takeaway

Little Silver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Little Silver, NJ

How much do homes in Little Silver, NJ cost?

Median Sold Price

$999,999

$438/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$138,999(+16.1%)

Key Takeaway

Homes in Little Silver have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Little Silver was $999,999 in November 2024, up 16.1% from last year, and the median price per square foot was $438.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$279.9K
N/A
2 $523K$560K
+7.1%
3 $672.5K$862.5K
+28.3%
4 $932.5K$1.2M
+35.1%
5+ $1.7M$1.6M
-7.0%

Summary: Little Silver housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Cities

Little Silver
+16.1%
Fair Haven
+13.7%
Oceanport
+8.9%
Shrewsbury
+6.7%

Housing Supply in Little Silver, NJ

How many homes are available in Little Silver, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2320-13.0%

Summary: The Little Silver real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 1010
0.0%
4 55
0.0%
5+ 33
0.0%

Summary: The Little Silver housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Little Silver, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Little Silver in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.

Days on Market for Little Silver, NJ

How long does it take to sell a home in Little Silver, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days12 Days-31.7%

Summary: Homes in Little Silver had an average of 12 days on market in Nov 2024, down by 31.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Little Silver are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Little Silver; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Little Silver, NJ

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