Is Sea Isle City, 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 Isle City was a Neutral Market.
Housing Prices in Sea Isle City, NJ
How much do homes in Sea Isle City, NJ cost?
Median Sold Price
$1,687,500
$752/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sea Isle City was $1,687,500 in April 2024, up 30.3% from last year, and the median price per square foot was $752.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | - | N/A |
2 Bedrooms | $525K | $810K | +54.3% |
3 Bedrooms | $627.5K | $865.5K | +37.9% |
4 Bedrooms | $1.1M | $1.6M | +44.6% |
5+ Bedrooms | $1.9M | $1.7M | -5.5% |
Summary: Sea Isle City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.3%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 44.6%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Sea Isle City | $1.2M | $1.6M | +30.3% |
Ocean View | $394.9K | $479K | +21.3% |
Upper Township | $409.9K | $422.5K | +3.1% |
Housing Supply in Sea Isle City, NJ
How many homes are available in Sea Isle City, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Summary: The Sea Isle City real estate market had 23 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Sea Isle City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Sea Isle City in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Sea Isle City, NJ
How long does it take to sell a home in Sea Isle City, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
118 Days | 25 Days | -78.4% |
Summary: Homes in Sea Isle City had an average of 25 days on market in Apr 2024, down by 78.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Sea Isle City; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.