Is Surf City, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surf City is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Surf City was a Neutral Market.

Key Takeaway

Surf City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Surf City, NJ

How much do homes in Surf City, NJ cost?

Median Sold Price

$1,045,000

$989/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$930,000(-47.1%)

Key Takeaway

Homes in Surf City have sold for 47.1% less than they did a month ago.

Summary: The median home sold price in Surf City was $1,045,000 in December 2024, down 47.1% from last month, and the median price per square foot was $989.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$1.0M
N/A
4 $1.9M-
N/A
5+ $1.7M-
N/A

Summary: Surf City housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Surf City, NJ

How many homes are available in Surf City, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2724-11.1%

Summary: The Surf City real estate market had 24 homes for sale in December 2024, a 11.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 53
-40.0%
4 85
-37.5%
5+ 1214
+16.7%

Summary: The Surf City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surf City, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Surf City in December 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Nov 2024Dec 2024CHANGE
38 Days13 Days-65.8%

Summary: Homes in Surf City had an average of 13 days on market in Dec 2024, down by 65.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Surf City are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Surf City; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

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