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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Point Pleasant Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Point Pleasant Beach was a Seller's Market.

Key Takeaway

Point Pleasant Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Point Pleasant Beach, NJ

How much do homes in Point Pleasant Beach, NJ cost?

Median Sold Price

$847,500

$570/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$11,000(-1.3%)

Key Takeaway

Homes in Point Pleasant Beach have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Point Pleasant Beach was $847,500 in November 2024, down 1.3% from last year, and the median price per square foot was $570.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $356K$375K
+5.3%
2 $710K$667K
-6.1%
3 $850K$825K
-2.9%
4 $935.4K$1.1M
+24.6%
5+ $1.4M$2.0M
+40.8%

Summary: Point Pleasant Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 40.8%.

Median Sold Price Compared To Nearby Cities

Manasquan
+19.7%
Brielle
+16.6%
Point Pleasant
+15.5%
Point Pleasant Beach
-1.3%

Housing Supply in Point Pleasant Beach, NJ

How many homes are available in Point Pleasant Beach, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3623-36.1%

Summary: The Point Pleasant Beach real estate market had 23 homes for sale in November 2024, a 36.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 114
-63.6%
3 105
-50.0%
4 34
+33.3%
5+ 109
-10.0%

Summary: The Point Pleasant Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 63.6%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
91-88.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Point Pleasant Beach, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Point Pleasant Beach in November 2024, down by 88.9% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Point Pleasant Beach, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days6 Days-82.0%

Summary: Homes in Point Pleasant Beach had an average of 6 days on market in Nov 2024, down by 82% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Point Pleasant Beach are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Point Pleasant Beach; 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.

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

Report Updated 12 Days Ago

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