Is Toms River Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Toms River Township has remained a Seller's Market.
Key Takeaway
Toms River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Toms River Township, NJ
How much do homes in Toms River Township, NJ cost?
Median Sold Price
$375,425
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Toms River Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Toms River Township was $375,425 in March 2024, up 1.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $192.5K | +6.9% |
| 2 Bedrooms | $290.8K | $305.1K | +4.9% |
| 3 Bedrooms | $420K | $441.2K | +5.0% |
| 4 Bedrooms | $573.7K | $592.6K | +3.3% |
| 5+ Bedrooms | $900K | $870K | -3.3% |
Summary: Toms River Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Island Heights | $475K | $622.5K | +31.1% |
| Toms River | $358.5K | $365K | +1.8% |
| Toms River Township | $369.9K | $375.4K | +1.5% |
| Lakewood | $348.9K | $325.8K | -6.6% |
Housing Supply in Toms River Township, NJ
How many homes are available in Toms River Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 756 | 757 | 0.1% |
Summary: The Toms River Township real estate market had 757 homes for sale in March 2024, a 0.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 9 | -25.0% |
| 2 Bedrooms | 347 | 370 | +6.6% |
| 3 Bedrooms | 167 | 149 | -10.8% |
| 4 Bedrooms | 162 | 156 | -3.7% |
| 5+ Bedrooms | 68 | 73 | +7.4% |
Summary: The Toms River Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 156 | 162 | +3.8% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toms River Township, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.
Summary: A total of 162 homes were sold or pending in Toms River Township in March 2024, up by 3.8% month-over-month. Of the 162 sold homes, 49% were sold under asking, 18% were sold at asking, and 33% were sold over asking.
Days on Market for Toms River Township, NJ
How long does it take to sell a home in Toms River Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 48 Days | +39.1% |
Summary: Homes in Toms River Township had an average of 48 days on market in Mar 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Toms River Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 162 homes were sold in Toms River Township; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% 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.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.