Is Toms River, 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 has remained a Seller's Market.
Housing Prices in Toms River, NJ
How much do homes in Toms River, NJ cost?
Median Sold Price
$365,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Toms River was $365,000 in March 2024, up 1.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164K | $190K | +15.9% |
2 Bedrooms | $285.3K | $300K | +5.1% |
3 Bedrooms | $415K | $430.5K | +3.8% |
4 Bedrooms | $547.6K | $575K | +5.0% |
5+ Bedrooms | $865.4K | $748K | -13.6% |
Summary: Toms River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
Island Heights | $475K | $622.5K | +31.1% |
Beachwood | $388.8K | $415K | +6.7% |
Toms River | $358.5K | $365K | +1.8% |
Toms River Township | $369.9K | $375.4K | +1.5% |
Housing Supply in Toms River, NJ
How many homes are available in Toms River, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
695 | 693 | -0.3% |
Summary: The Toms River real estate market had 693 homes for sale in March 2024, a 0.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 335 | 349 | +4.2% |
3 Bedrooms | 145 | 131 | -9.7% |
4 Bedrooms | 144 | 139 | -3.5% |
5+ Bedrooms | 60 | 65 | +8.3% |
Summary: The Toms River housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 149 | +1.4% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 149 homes were sold or pending in Toms River in March 2024, up by 1.4% month-over-month. Of the 149 sold homes, 48% were sold under asking, 18% were sold at asking, and 34% were sold over asking.
Days on Market for Toms River, NJ
How long does it take to sell a home in Toms River, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 47 Days | +44.9% |
Summary: Homes in Toms River had an average of 47 days on market in Mar 2024, up by 44.9% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During March 2024, 149 homes were sold in Toms River; 54% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.