Is Ship Bottom, 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, Ship Bottom was a Seller's Market.
Housing Prices in Ship Bottom, NJ
How much do homes in Ship Bottom, NJ cost?
Median Sold Price
$999,999
$772/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ship Bottom was $999,999 in March 2024, up 2% from last year, and the median price per square foot was $772.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $485K | N/A |
2 Bedrooms | $485K | $650K | +34.0% |
3 Bedrooms | $900K | $905K | +0.6% |
4 Bedrooms | $1.6M | $1.6M | 0.0% |
5+ Bedrooms | $2.5M | $1.1M | -54.3% |
Summary: Ship Bottom housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 54.3%.
Median Sold Price Compared To Nearby Cities
Surf City | $1.5M | $1.7M | +13.2% |
Stafford Township | $465K | $519.8K | +11.8% |
Ship Bottom | $980K | $999.9K | +2.0% |
Housing Supply in Ship Bottom, NJ
How many homes are available in Ship Bottom, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 45 | +4.7% |
Summary: The Ship Bottom real estate market had 45 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Ship Bottom housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ship Bottom in March 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Ship Bottom, NJ
How long does it take to sell a home in Ship Bottom, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 49 Days | +11.7% |
Summary: Homes in Ship Bottom had an average of 49 days on market in Mar 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Ship Bottom; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.