Is Ocean Gate, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ocean Gate has remained a Seller's Market.
Housing Prices in Ocean Gate, NJ
How much do homes in Ocean Gate, NJ cost?
Median Sold Price
$425,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ocean Gate was $425,000 in March 2024, up 24.2% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $227.3K | N/A |
2 Bedrooms | $306.5K | $313K | +2.1% |
3 Bedrooms | $322.5K | $421.2K | +30.6% |
4 Bedrooms | $420K | $505K | +20.2% |
5+ Bedrooms | - | $470K | N/A |
Summary: Ocean Gate housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Ocean Gate | $342.2K | $425K | +24.2% |
Bayville | $419.3K | $499.1K | +19.0% |
Berkeley Township | $313.1K | $334.9K | +7.0% |
Housing Supply in Ocean Gate, NJ
How many homes are available in Ocean Gate, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Summary: The Ocean Gate real estate market had 14 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ocean Gate housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Ocean Gate in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ocean Gate, NJ
How long does it take to sell a home in Ocean Gate, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 15 Days | -78.2% |
Summary: Homes in Ocean Gate had an average of 15 days on market in Mar 2024, down by 78.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Ocean Gate; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.