Is Point Pleasant, 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, 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
$600,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Point Pleasant have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Point Pleasant was $600,000 in March 2024, up 4.3% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283K | $295K | +4.2% |
| 2 Bedrooms | $435K | $455.5K | +4.7% |
| 3 Bedrooms | $567.5K | $572.5K | +0.9% |
| 4 Bedrooms | $759.5K | $752.9K | -0.9% |
| 5+ Bedrooms | $811.5K | $944K | +16.3% |
Summary: Point Pleasant housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Brick Township | $399.5K | $430K | +7.6% |
| Point Pleasant Beach | $809K | $866K | +7.0% |
| Point Pleasant | $575K | $600K | +4.3% |
| Brielle | $960K | $973.2K | +1.4% |
Housing Supply in Point Pleasant, NJ
How many homes are available in Point Pleasant, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 63 | +12.5% |
Summary: The Point Pleasant real estate market had 63 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 7 | 13 | +85.7% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Point Pleasant housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 85.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Point Pleasant, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Point Pleasant in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +25.7% |
Summary: Homes in Point Pleasant had an average of 26 days on market in Mar 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Point Pleasant are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Point Pleasant; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.