Is Point Pleasant 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, Point Pleasant Beach was a Seller's Market.
Key Takeaway
Point Pleasant Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Point Pleasant Beach, NJ
How much do homes in Point Pleasant Beach, NJ cost?
Median Sold Price
$866,000
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Point Pleasant Beach have sold for 7% more than they did a year ago.
Summary: The median home sold price in Point Pleasant Beach was $866,000 in March 2024, up 7% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347.5K | $353K | +1.6% |
| 2 Bedrooms | $565K | $700K | +23.9% |
| 3 Bedrooms | $705K | $853.5K | +21.1% |
| 4 Bedrooms | $950K | $937.5K | -1.3% |
| 5+ Bedrooms | $1.4M | $1.7M | +27.4% |
Summary: Point Pleasant Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
| Point Pleasant Beach | $809K | $866K | +7.0% |
| Point Pleasant | $575K | $600K | +4.3% |
| Brielle | $960K | $973.2K | +1.4% |
| Manasquan | $932.5K | $945K | +1.3% |
Housing Supply in Point Pleasant Beach, NJ
How many homes are available in Point Pleasant Beach, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 50 | +19.0% |
Summary: The Point Pleasant Beach real estate market had 50 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Point Pleasant Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Point Pleasant Beach, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Point Pleasant Beach in March 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 65 Days | -18.7% |
Summary: Homes in Point Pleasant Beach had an average of 65 days on market in Mar 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Point Pleasant Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Point Pleasant Beach; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.