Is Point Pleasant, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Point Pleasant is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Point Pleasant has remained a Seller's Market.

Key Takeaway

Point Pleasant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Point Pleasant, NJ

How much do homes in Point Pleasant, NJ cost?

Median Sold Price

$648,995

$430/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$73,995(+12.9%)

Key Takeaway

Homes in Point Pleasant have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Point Pleasant was $648,995 in December 2024, up 12.9% from last year, and the median price per square foot was $430.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $295K$302K
+2.4%
2 $450K$520K
+15.6%
3 $540.5K$640.1K
+18.4%
4 $843K$803K
-4.7%
5+ $905K$1.2M
+32.6%

Summary: Point Pleasant housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 32.6%.

Median Sold Price Compared To Nearby Cities

Brielle
+13.5%
Point Pleasant
+12.9%
Brick Township
+9.6%
Point Pleasant Beach
0.0%

Housing Supply in Point Pleasant, NJ

How many homes are available in Point Pleasant, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5132-37.3%

Summary: The Point Pleasant real estate market had 32 homes for sale in December 2024, a 37.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 73
-57.1%
3 117
-36.4%
4 2516
-36.0%
5+ 86
-25.0%

Summary: The Point Pleasant housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 36%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
207-65.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Point Pleasant, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Point Pleasant in December 2024, down by 65.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Point Pleasant, NJ

How long does it take to sell a home in Point Pleasant, NJ?

Average Sale Time

Dec 2023Dec 2024CHANGE
20 Days45 Days+120.7%

Summary: Homes in Point Pleasant had an average of 45 days on market in Dec 2024, up by 120.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Point Pleasant has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Point Pleasant; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in Point Pleasant, NJ

Nearby Markets to Point Pleasant, NJ

What housing markets are near Point Pleasant, NJ?