Is Marmora, 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, Marmora has remained a Seller's Market.
Housing Prices in Marmora, NJ
How much do homes in Marmora, NJ cost?
Median Sold Price
$413,500
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marmora was $413,500 in April 2024, up 1.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $145K | -36.9% |
2 Bedrooms | $317.5K | $200K | -37.0% |
3 Bedrooms | $399.7K | $412K | +3.1% |
4 Bedrooms | $550K | $500K | -9.1% |
5+ Bedrooms | $295K | $832.5K | +182.2% |
Summary: Marmora housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes decreased by 37%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 182.2%.
Median Sold Price Compared To Nearby Cities
Somers Point | $349.2K | $385K | +10.2% |
Ocean City | $949.9K | $979K | +3.1% |
Upper Township | $409.9K | $422.5K | +3.1% |
Marmora | $407.4K | $413.5K | +1.5% |
Housing Supply in Marmora, NJ
How many homes are available in Marmora, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Summary: The Marmora real estate market had 15 homes for sale in April 2024, a 28.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 7 | 3 | -57.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Marmora housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Marmora in April 2024, down by 28.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Marmora, NJ
How long does it take to sell a home in Marmora, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 29 Days | -54.1% |
Summary: Homes in Marmora had an average of 29 days on market in Apr 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Marmora; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.