Is Manahawkin, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manahawkin is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Manahawkin was a Neutral Market.

Key Takeaway

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

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

+$48,250(+10.4%)

Key Takeaway

Homes in Manahawkin have sold for 10.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $150K$150K
0.0%
2 $282.5K$300K
+6.2%
3 $425K$475K
+11.8%
4 $650K$610K
-6.2%
5+ $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
+48.4%
Stafford Township
+11.4%
Manahawkin
+10.4%
Barnegat Township
+2.1%

Housing Supply in Manahawkin, NJ

How many homes are available in Manahawkin, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
177175-1.1%

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

# BEDSJan 2024Feb 2024CHANGE
1 44
0.0%
2 3129
-6.5%
3 5148
-5.9%
4 6364
+1.6%
5+ 2830
+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 2024Feb 2024CHANGE
30300.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manahawkin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
44 Days45 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

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