Is Toms River, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toms River is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Toms River has remained a Seller's Market.

Key Takeaway

Toms River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Toms River, NJ cost?

Median Sold Price

$339,993

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$52,931(+18.4%)

Key Takeaway

Homes in Toms River have sold for 18.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $407.5K$159.2K
-60.9%
2 $240K$280K
+16.7%
3 $320K$382.6K
+19.6%
4 $429K$525K
+22.4%
5+ $567.5K$560K
-1.3%

Median Sold Price Compared To Nearby Cities

Beachwood
+25.7%
Toms River
+18.4%
Toms River Township
+18.0%

How many homes are available in Toms River, NJ?

Number of Homes For Sale

Sep 2022Oct 2022%
655697+6.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 314340
+8.3%
3 153148
-3.3%
4 141151
+7.1%
5+ 4557
+26.7%

Number of Homes Sold

Sep 2022Oct 2022%
138135-2.2%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

60 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toms River, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days25 Days-0.4%

Breakdown of Home Sale Times

95 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Toms River, NJ

Toms River, NJ has 697 homes on the market. The inventory of homes for sale in Toms River, NJ between September 2022 and October 2022 increased by 6.4%. In October 2022, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $339,993. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties decreased by 60.9%, prices of 2 bedrooms properties went up by 16.7%, prices of 3 bedrooms properties went up by 19.6%, the cost of 4 bedrooms properties went up by 22.4%, prices of 5 bedrooms properties decreased by 1.3%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 50%, 2 bedrooms homes inventory increased by 8.3%, 3 bedrooms homes inventory decreased by 3.3%, number of 4 bedrooms homes increased by 7.1%, 5 bedrooms homes became 26.7% more available. Toms River, NJ housing market in October 2022 saw over 60 listings sold above listed price, more than 20 sold at listed price and over 55 sold below.

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