Is Pine Beach, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Pine Beach was a Neutral Market.
Key Takeaway
Pine Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine Beach, NJ
How much do homes in Pine Beach, NJ cost?
Median Sold Price
$550,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pine Beach have sold for 32.5% more than they did a year ago.
Summary: The median home sold price in Pine Beach was $550,000 in March 2024, up 32.5% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $340.7K | $350K | +2.7% |
| 3 Bedrooms | $400K | $410K | +2.5% |
| 4 Bedrooms | $566.1K | $570K | +0.7% |
| 5+ Bedrooms | $1.4M | $778K | -44.4% |
Summary: Pine Beach 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 2.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 44.4%.
Median Sold Price Compared To Nearby Cities
| Pine Beach | $415K | $550K | +32.5% |
| Bayville | $419.3K | $499.1K | +19.0% |
| Berkeley Township | $313.1K | $334.9K | +7.0% |
| Beachwood | $388.8K | $415K | +6.7% |
Housing Supply in Pine Beach, NJ
How many homes are available in Pine Beach, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Summary: The Pine Beach real estate market had 6 homes for sale in March 2024, a 25.0% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pine Beach 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 decreased by 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pine Beach in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pine Beach, NJ
How long does it take to sell a home in Pine Beach, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 107 Days | 115 Days | +8.1% |
Summary: Homes in Pine Beach had an average of 115 days on market in Mar 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pine Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Pine Beach; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.