Is North Wildwood, 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, North Wildwood has remained a Seller's Market.
Housing Prices in North Wildwood, NJ
How much do homes in North Wildwood, NJ cost?
Median Sold Price
$349,500
$631/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Wildwood was $349,500 in April 2024, down 22.3% from last year, and the median price per square foot was $631.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $280K | +5.7% |
2 Bedrooms | $386K | $455K | +17.9% |
3 Bedrooms | $470K | $757.5K | +61.2% |
4 Bedrooms | $850K | $925K | +8.8% |
5+ Bedrooms | $771.7K | $802K | +3.9% |
Summary: North Wildwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 61.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
Middle Township | $359.9K | $369.9K | +2.8% |
North Wildwood | $450K | $349.5K | -22.3% |
Housing Supply in North Wildwood, NJ
How many homes are available in North Wildwood, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 26 | -16.1% |
Summary: The North Wildwood real estate market had 26 homes for sale in April 2024, a 16.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The North Wildwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Wildwood in April 2024, up by 14.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for North Wildwood, NJ
How long does it take to sell a home in North Wildwood, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 83 Days | +2.9% |
Summary: Homes in North Wildwood had an average of 83 days on market in Apr 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in North Wildwood; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.