Is Sea Bright, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sea Bright was a Seller's Market.
Housing Prices in Sea Bright, NJ
How much do homes in Sea Bright, NJ cost?
Median Sold Price
$1,365,000
$632/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sea Bright was $1,365,000 in April 2024, up 7.1% from last year, and the median price per square foot was $632.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $450K | +9.8% |
2 Bedrooms | $862.5K | $1.0M | +25.5% |
3 Bedrooms | $937.5K | $1.3M | +45.6% |
4 Bedrooms | $2.3M | $1.8M | -17.6% |
5+ Bedrooms | $3.4M | $2.7M | -19.9% |
Summary: Sea Bright housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 45.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Cities
Rumson | $1.7M | $2.1M | +24.6% |
Monmouth Beach | $786.5K | $864.9K | +10.0% |
Sea Bright | $1.2M | $1.3M | +7.1% |
Middletown Township | $562K | $585K | +4.1% |
Housing Supply in Sea Bright, NJ
How many homes are available in Sea Bright, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Summary: The Sea Bright real estate market had 19 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sea Bright housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Sea Bright in April 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Sea Bright, NJ
How long does it take to sell a home in Sea Bright, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 13 Days | -54.4% |
Summary: Homes in Sea Bright had an average of 13 days on market in Apr 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Sea Bright; 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.