$2,450,000
5 Beds
•4 Full Baths
Listing Office: FreddieSells.com
November 2024
Report Updated 1 Day Ago
Is Margate City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Margate City has remained a Buyer's Market.
How much do homes in Margate City, NJ cost?
$900,000
$595/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in Margate City was $900,000 in November 2024, up 21.6% from last year, and the median price per square foot was $595.
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392.5K | $332.4K | -15.3% |
2 Bedrooms | $500K | $575K | +15.0% |
3 Bedrooms | $910K | $910K | 0.0% |
4 Bedrooms | $1.1M | $1.0M | -5.7% |
5+ Bedrooms | $1.7M | $2.3M | +32.6% |
Summary: Margate City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes increased by 15%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 32.6%.
Margate City | $740K | $900K | +21.6% |
Ventnor City | $377.5K | $445K | +17.9% |
Egg Harbor Township | $335K | $355K | +6.0% |
How many homes are available in Margate City, NJ?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
103 | 97 | -5.8% |
Summary: The Margate City real estate market had 97 homes for sale in November 2024, a 5.8% decrease compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 15 | -11.8% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 41 | 39 | -4.9% |
Summary: The Margate City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 4.9%.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
26 | 13 | -50.0% |
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Margate City in November 2024, down by 50.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
How long does it take to sell a home in Margate City, NJ?
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
26 Days | 21 Days | -15.7% |
Summary: Homes in Margate City had an average of 21 days on market in Nov 2024, down by 15.7% compared to last year.
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2024, 13 homes were sold in Margate City; 77% of homes were sold within 30 days, 23% 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 1 Day Ago
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MLS Disclaimers and Copyright
Based on information from South Jersey Shore Regional MLS, and BrightMLS for the period 12/01/2022 - 12/01/2024
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/2/2024, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/2/2024, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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