Is Ocean View, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ocean View was a Neutral Market.
Housing Prices in Ocean View, NJ
How much do homes in Ocean View, NJ cost?
Median Sold Price
$479,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ocean View was $479,000 in April 2024, up 21.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $329K | $359K | +9.1% |
3 Bedrooms | $357.5K | $365K | +2.1% |
4 Bedrooms | $490K | $590K | +20.4% |
5+ Bedrooms | - | $901.5K | N/A |
Summary: Ocean View housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Sea Isle City | $1.2M | $1.6M | +30.3% |
Ocean View | $394.9K | $479K | +21.3% |
Upper Township | $409.9K | $422.5K | +3.1% |
Marmora | $407.4K | $413.5K | +1.5% |
Housing Supply in Ocean View, NJ
How many homes are available in Ocean View, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Summary: The Ocean View real estate market had 21 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Ocean View 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 increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Ocean View in April 2024, up by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Ocean View, NJ
How long does it take to sell a home in Ocean View, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 5 Days | -86.9% |
Summary: Homes in Ocean View had an average of 5 days on market in Apr 2024, down by 86.9% 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 April 2024, 3 homes were sold in Ocean View; 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.