Is Toms River, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$368,565
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Toms River was $368,565 in April 2024, up 3.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.5K | $190K | +14.1% |
2 Bedrooms | $285K | $305.3K | +7.1% |
3 Bedrooms | $410K | $440K | +7.3% |
4 Bedrooms | $546.9K | $575K | +5.1% |
5+ Bedrooms | $846.5K | $800K | -5.5% |
Summary: Toms River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Island Heights | $477.4K | $685K | +43.5% |
South Toms River | $325.5K | $370K | +13.7% |
Beachwood | $395K | $420K | +6.3% |
Toms River | $355.3K | $368.5K | +3.7% |
Toms River Township | $369.9K | $379.9K | +2.7% |
Housing Supply in Toms River, NJ
How many homes are available in Toms River, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
681 | 680 | -0.1% |
Summary: The Toms River real estate market had 680 homes for sale in April 2024, a 0.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 349 | 352 | +0.9% |
3 Bedrooms | 142 | 141 | -0.7% |
4 Bedrooms | 124 | 117 | -5.6% |
5+ Bedrooms | 59 | 63 | +6.8% |
Summary: The Toms River housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
161 | 155 | -3.7% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Summary: A total of 155 homes were sold or pending in Toms River in April 2024, down by 3.7% month-over-month. Of the 155 sold homes, 37% were sold under asking, 19% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 35 Days | -9.7% |
Summary: Homes in Toms River had an average of 35 days on market in Apr 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 155 homes were sold in Toms River; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.