Is Spring Lake, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spring Lake has remained a Seller's Market.
Housing Prices in Spring Lake, NJ
How much do homes in Spring Lake, NJ cost?
Median Sold Price
$1,050,000
$583/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Lake was $1,050,000 in April 2024, up 16% from last year, and the median price per square foot was $583.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $495K | $565K | +14.1% |
2 Bedrooms | $615K | $700K | +13.8% |
3 Bedrooms | $750K | $839K | +11.9% |
4 Bedrooms | $1.1M | $1.4M | +27.6% |
5+ Bedrooms | $3.0M | $3.5M | +14.8% |
Summary: Spring Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
Sea Girt | $1.5M | $2.3M | +47.8% |
Spring Lake | $905K | $1.0M | +16.0% |
Belmar | $645K | $747.5K | +15.9% |
Lake Como | $620K | $660K | +6.5% |
Housing Supply in Spring Lake, NJ
How many homes are available in Spring Lake, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 41 | -22.6% |
Summary: The Spring Lake real estate market had 41 homes for sale in April 2024, a 22.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 12 | 8 | -33.3% |
5+ Bedrooms | 18 | 10 | -44.4% |
Summary: The Spring Lake 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 9.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Spring Lake in April 2024, the same as the previous month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Spring Lake, NJ
How long does it take to sell a home in Spring Lake, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 36 Days | +44.6% |
Summary: Homes in Spring Lake had an average of 36 days on market in Apr 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Spring Lake; 71% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.