Is Surf City, 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, Surf City was a Neutral Market.
Key Takeaway
Surf City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Surf City, NJ
How much do homes in Surf City, NJ cost?
Median Sold Price
$1,755,000
$835/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Surf City have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Surf City was $1,755,000 in March 2024, up 13.2% from last year, and the median price per square foot was $835.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $401K | N/A |
| 2 Bedrooms | $925K | $849.5K | -8.2% |
| 3 Bedrooms | $999K | $1.4M | +45.1% |
| 4 Bedrooms | $1.9M | $1.4M | -26.2% |
| 5+ Bedrooms | $2.5M | $2.3M | -10.1% |
Summary: Surf City 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 decreased by 8.2%, 3 bedroom homes increased by 45.1%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Surf City | $1.5M | $1.7M | +13.2% |
| Stafford Township | $465K | $519.8K | +11.8% |
| Long Beach Township | $1.5M | $1.7M | +11.4% |
Housing Supply in Surf City, NJ
How many homes are available in Surf City, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Summary: The Surf City real estate market had 40 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Surf City 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Surf City, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Surf City in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Surf City, NJ
How long does it take to sell a home in Surf City, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 82 Days | +125.8% |
Summary: Homes in Surf City had an average of 82 days on market in Mar 2024, up by 125.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Surf City has remained consistent over time.
Summary: During March 2024, 8 homes were sold in Surf City; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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.