Is Manahawkin, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Manahawkin was a Neutral Market.
Housing Prices in Manahawkin, NJ
How much do homes in Manahawkin, NJ cost?
Median Sold Price
$513,250
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Manahawkin was $513,250 in February 2024, up 10.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $150K | 0.0% |
2 Bedrooms | $282.5K | $300K | +6.2% |
3 Bedrooms | $425K | $475K | +11.8% |
4 Bedrooms | $650K | $610K | -6.2% |
5+ Bedrooms | $650K | $720K | +10.8% |
Summary: Manahawkin housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
West Creek | $350K | $519.5K | +48.4% |
Stafford Township | $462.5K | $515.4K | +11.4% |
Manahawkin | $465K | $513.2K | +10.4% |
Barnegat Township | $426.6K | $435.3K | +2.1% |
Housing Supply in Manahawkin, NJ
How many homes are available in Manahawkin, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
177 | 175 | -1.1% |
Summary: The Manahawkin real estate market had 175 homes for sale in February 2024, a 1.1% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 31 | 29 | -6.5% |
3 Bedrooms | 51 | 48 | -5.9% |
4 Bedrooms | 63 | 64 | +1.6% |
5+ Bedrooms | 28 | 30 | +7.1% |
Summary: The Manahawkin housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Manahawkin in February 2024, the same as the previous month. Of the 30 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Manahawkin, NJ
How long does it take to sell a home in Manahawkin, NJ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 45 Days | +1.0% |
Summary: Homes in Manahawkin had an average of 45 days on market in Feb 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 30 homes were sold in Manahawkin; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.